Newport Hospital
Newport Hospital

Newport Hospital generates $54 million in annual economic impact in the region, according to a study conducted by business students at Salve Regina University in an Introduction to Econometrics class.

The study, which was commissioned by Crista Durand, the CEO of Newport Hospital, was recently presented to the hospital’s leadership team in a presentation at DiStefano Lecture Hall.

The findings showed that the hospital creates a total of 302 jobs, with a payroll of $37 million, vendor payments of $14.7 million, and capital expenditures of $2.5 million. The hospital also makes PILOT payments of $110,282 to the city and schools and provides $6.5 million in charity care and community benefits.

Newport Hospital, which was founded and funded by local residents in 1873, has grown into a state-of-the-art facility with 129 licensed beds, 863 employees, and 517 affiliated physicians. It offers a wide range of inpatient and outpatient services, including an emergency department, diagnostic and surgical services, a rehabilitation center, and a birthing center.

Read More on Salve Today – Newport Hospital generates $54M annual economic impact in region, Salve Regina study finds

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Ryan Belmore is the Owner and Publisher of What'sUpNewp.  Belmore has been involved with What’sUpNewp since shortly after its launch in 2012, proudly leading it to be named Best Local News Blog in...