Boston Children’s Hospital
Quantifying the Statewide Economic Impact of a World-Class Pediatric Institution
The Challenge
Boston Children’s Hospital sought an independent economic impact assessment to quantify its broad contributions across Massachusetts and the local communities where it operates. With dozens of clinical departments, multiple satellite locations, and a far-reaching patient footprint, the hospital needed clear data showing how its operations, workforce, and research activity drive economic growth, support jobs, and generate tax revenue throughout the Commonwealth.
How We Helped
Tripp Umbach was engaged by Boston Children’s Hospital to conduct a comprehensive economic impact assessment of its entire enterprise, including satellite locations across the Commonwealth. The analysis quantified economic output, job creation, and tax revenue generated by hospital operations and spending. Tripp Umbach’s modeling also captured indirect and induced effects—reflecting how the hospital’s activity supports local businesses, fuels related industries, and contributes to Massachusetts’ overall fiscal health.
The Impact
Tripp Umbach’s study revealed that Boston Children’s Hospital generates $5.2 billion in annual economic impact across Massachusetts. The institution directly and indirectly supports thousands of jobs while contributing to the vitality of key sectors including real estate, finance, legal services, and hospitality. Beyond economic outcomes, Boston Children’s continues to strengthen communities through medical innovation, education, and compassionate care—ensuring that its impact is felt both within hospital walls and throughout the state’s economy.