Houston Methodist Institute for Technology, Innovation & Education (MITIE)
Advancing Healthcare Training and Economic Growth in Houston
The Challenge
Houston Methodist sought an independent, data-driven evaluation to quantify the full economic and institutional value of MITIE and to guide strategic planning for its continued growth. As MITIE expanded its role in advanced simulation, training, and industry collaboration, leadership needed clear insights into its return on investment, long-term sustainability, and potential integration within the broader Center for Interprofessional & Simulation Education.
How We Helped
Tripp Umbach partnered with Houston Methodist to complete a comprehensive business plan and provide strategic planning guidance for MITIE’s long-term success. The engagement included conference calls, on-site planning sessions with the Academic Institute, and interviews with hospital leadership and the MITIE Steering Committee. Tripp Umbach conducted a detailed economic and return-on-investment analysis to quantify MITIE’s financial and community impact while identifying opportunities for expansion under the Center for Interprofessional & Simulation Education.
The Impact
Tripp Umbach’s analysis determined that MITIE operations and visitation are projected to generate $48 million in annual economic impact by 2026, including $4.9 million in visitor spending within the greater Houston area. Beyond the measurable benefits, MITIE’s integration into the Center for Interprofessional & Simulation Education positions it as a transformative model for healthcare education, research, and collaboration. As a catalyst for innovation and workforce development, MITIE will continue to strengthen Houston’s healthcare economy and global reputation for medical excellence.