April 18, 2017
First students at Fort Worth medical school will get free tuition for a year
The inaugural class of 60 students in Fort Worth’s new M.D. program will receive free tuition for their first year of school thanks to a gift from a Fort Worth businessman.
At Monday’s press conference, the economic impact of the new M.D. program was projected to be $1.7 billion by 2030. A new medical school will have base operations of more than $140 million with additional impacts coming from research, clinical care, spin-offs and indirect support, said Paul Umbach,
April 10, 2017
Graduating class could help Indiana’s primary care shortage
The Association of American Medical Colleges says Indiana ranks 38th in the number of primary care physicians on a per-capita basis. A lot of the shortage has hit hardest in rural areas.
A recent study by Pittsburgh-based consulting firm Tripp Umbach says Indiana will need more than 800 additional primary care physicians by 2030.
Source: The Bellingham Herald
April 8, 2017
David S. Wilkes column: NIH funding cuts threaten local and national economic health
Newly released federal budget proposals would cut $1.2 billion from this year’s National Institutes of Health (NIH) budget and almost $6 billion from next year’s NIH budget. If approved, these cuts will not only make it harder to find new cures and provide better patient care, it will make it tougher to create new jobs.
A study conducted by the research firm Tripp Umbach found that in fiscal year 2015, U.Va. School of Medicine’s research generated an economic impact to Virginia of $425.4 million. That economic impact would be greatly diminished if NIH funding were slashed.
Source: Richmond Times-Dispatch
April 8, 2017
Marian medical school’s first graduates could fill primary-care dearth
On a per-capita basis, Indiana ranks 38th in the number of primary care physicians, according to the Association of American Medical Colleges. Much of the shortage is hitting hardest in rural areas, where entire towns are without doctors.
Indiana will need 817 more primary care physicians by 2030, an increase of about 21 percent, says a recent study by consulting firm Tripp Umbach of Pittsburgh.
Source: Indianapolis Business Journal
April 5, 2017
Osteopathic Physicians to Congress: Expand Teaching Health Center Program to Solve Physician Shortage
Each resident in a community-based training program generates $200,000 in annual economic benefit to the community and $1.9 million every year they practice in the area afterward, according to Pittsburgh-based consulting firm Tripp Umbach. In addition, every physician who practices in a medically underserved community results in $3.6 million in annual savings for the health care system.
“Those savings happen because people without doctors put off care and lack continuity of care,” said Paul Umbach, Tripp Umbach president. “Just being able to see a doctor in the community provides an economic lift, because having regular checkups means early diagnosis and treatment, and in turn, dealing with fewer serious illnesses.”
Source: PRN Newswire
April 4, 2017
$118.9 Million Health Care Simulation Center to Change Traditional Way Students in the Health Professions Learn
The University of Nebraska Medical Center is poised to transform health care education, and – as aviation simulation changed the flight industry – propel the training of doctors, nurses and allied health professionals into the next generation with emerging virtual and augmented reality.
One of the major benefits of the new facility would be to generate an annual economic impact in Nebraska of approximately $40 million (Tripp Umbach study).
March 23, 2017
General Electric agrees to deeper cost cuts
General Electric Co. has agreed with a group of its largest shareholders to cut $2 billion in its industrial units’ costs over a two-year period, a move that could affect operations at its Global Research Center in Niskayuna.
A 2015 study by consultants Tripp Umbach found that GE’s Capital Region operations generated $1 of every $11.50 in economic activity, either directly or indirectly, while employing directly or indirectly nearly 4 percent of the region’s workforce.
March 22, 2017
Investment in our future medical care
New agreements between Burrell College of Osteopathic Medicine and local hospitals and health centers to expand medical residencies in Las Cruces. Each residency program generates $200,000 a year in economic benefits during the period when the residency is taking place, with an additional $1.9 million in economic benefits for every year after the residency that the doctor remains in the area to practice medicine, according to the consulting firm Tripp Umbach.
March 19, 2017
Medical residencies increase in Las Cruces
With more than 160 students expected to graduate from Burrell College of Osteopathic Medicine per year, and the goal of keeping these new physicians in New Mexico, local health facilities are stepping up to meet the need for more medical residencies in Las Cruces.
According to a BCOM news release, studies show that 70 percent of medical students remain in the area where they complete a residency training. And as cited in the release, Tripp Umbach, a national consulting firm, “estimates that each resident in a community-based residency program generates $200,000 in annual economic benefits to their community while in the program, and $1.9 million in economic benefits every year they remain in the area to practice medicine after training, plus nine new jobs.”
March 4, 2017
Five Years Later: “Year of Downtown Projects” Continue to Attract Millions to the Heart of the City
According to Scott Adams, Las Vegas deputy city manager, perhaps no single project has greater impact on downtown than the LVMD, now in its infancy but slated to grow exponentially in 2017. The LVMD is expected to have by 2030 an economic impact of $2.42 billion, generate more than 16,000 jobs and create state general fund revenues of more than $121 million, according to Tripp Umbach, a national economic consulting firm.
February 23, 2017
Connecticut must prioritize funding for education – be it k-12 or higher learning – because, quite simply, better, increased education is a sound economic investment.
Source: The Daily Campus
February 21, 2017
Health care forum set for Feb. 23.
The York Daily Record, Family First
Source: The York Daily Record
February 10, 2017
PNWU makes positive impact on area economy
Yakima’s own medical school, Pacific Northwest University of Health Sciences (PNWU), is making a significant contribution to the local and state economy according to a new economic impact report released this week.
Source: NBC Right Now
February 8, 2017
Let’s talk about the health of York city
Through a community health market research study, commissioned by Family First Health and conducted by TrippUmbach, we’re able to see key findings that paint a detailed picture of challenges in York and provide a starting point for the conversations Sean Heisey, York Daily Record
Source: York Daily Record
January 25, 2017
Local officials excited about development of UNLV School of Medicine, medical district
University, health and city officials gathered for a town hall event Tuesday night looking forward to the development of the UNLV School of Medicine and the medical district surrounding it.
Source: Las Vegas Review-Journal