Conference of Boston Teaching Hospitals Releases Impact Report The Future of Health Care – the Impact of Greater Boston's Teaching Hospitals

February 13, 2014

BOSTON – A report released by the Conference of Boston Teaching Hospitals (COBTH) highlights the important or vital role that teaching hospitals play in the future of healthcare – training new healthcare professionals, advancing medical research and partnering with communities to serve the underserved. The report also highlights the economic impact that teaching hospitals have on the local and regional economy and their role in the larger life sciences industry.

“The teaching hospitals in greater Boston are national leaders in providing high-quality patient care, expert medical training and in pioneering new ways treat disease and deliver improved care,“ said John Fernandez, COBTH chair and President and Chief Executive Office of Massachusetts Eye and Ear. As we explore new ways of delivering and paying for healthcare while providing value for each healthcare dollar, the role that teaching hospitals play in our healthcare system has never been more important."


The report, The Future of Health Care _ the Impact of Greater Boston Teaching Hospitals, found that collectively COBTH member hospitals:

  • attract more than $1.2b in National Institutes of Health (NIH), National Science Foundation (NSF) and Veterans Administration (VA) research funding,
  • sponsor more than 2,600 clinical trials,
  • train more than 4,500 physicians each year _with Massachusetts ranking #1 in the nation for trainees per capita and #3 for primary care trainees per capita,
  • provide over 72,000 jobs for Massachusetts residents,
  • contribute $13b in annual direct economic impact for Massachusetts, and
  • provide more than $177m in community benefit program funding and more than $160m in charity care.

“Funding for early stage research is one of the factors our latest strategic report, Impact 2020, identifies as one of the secrets to Massachusetts’ continued success as a life sciences supercluster,” said Robert K. Coughlin, President & CEO of MassBio, the life sciences trade association. “The federal research funding that our teaching hospitals attract and the research they conduct are key to attracting and maintaining life science businesses and jobs, but most importantly, in discovering new ways to treat and detect disease."

The report also highlights the partnerships that COBTH hospitals have with local organizations through their community benefit programs. In FY12 COBTH hospitals provided more than $170m in community benefit funding. "While people come from around the world for treatment at our teaching hospitals, these hospitals work closely with their neighbors and local organizations to build healthier neighborhoods and tackle issues such as disparities in care," said John Erwin, COBTH's Executive Director.

The full report can be found at http://www.cobth.org/reports.html

###

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

About COBTH: The Conference of Boston Teaching Hospitals exists to maximize the Boston area teaching hospitals' visibility on the issues that are fundamental to their unique missions of teaching and research. COBTH educates opinion leaders at all levels about the contributions of its members to the area's health and economy. Members include Beth Israel Deaconess Medical Center, Boston Children’s Hospital, Boston Medical Center, Brigham and Women’s Hospital, Cambridge Health Alliance, Carney Hospital, Dana-Farber Cancer Institute, Faulkner Hospital, Lahey Hospital and
Medical Center, Massachusetts Eye and Ear, Massachusetts General Hospital, St. Elizabeth Medical Center, Tufts Medical Center, VA Boston Healthcare System.

BioFlash

Membership Deliverables

MassBio Membership gives you:

Purchasing power-MassBio negotiates a broad-based collection of services on behalf of member companies and passes the savings on to its members. 

Networking and professional development-MassBio organizes and executes numerous conferences, committee meetings, and networking events throughout the year.

MassBio Signature Events-Attend our Investors Forum, Innovator Roundtables, Pharma Days, our Golf Classic Fundraiser, Policy Leadership Breakfast, and many others.

Public policy & Advocacy-As the state's leading advocate for our life science super cluster, we fight for public policy initiatives and tax incentives in Massachusetts and Washington, D.C., that will enable biotechnology companies to do their best work.

Economic development-MassBio provides expert advice and guidance to help companies find suitable locations and resources as they move to and grow in the Bay State. We make Massachusetts a better place for your business.

Visibility/Resources-Members are listed on a searchable directory that includes a profile and link to the company's website. We highlight your company's latest news by posting to our MassBio member news page. In addition, members can post job openings on our website free!

Educational incentives-We promote education, workforce development and lifelong learning through the MassBioEd Foundation. The foundation customizes training programs for companies and educational institutions and promotes science in the classroom through BioTeach. MassBio members receive a discount on courses offered by the foundation.