UAMS a $3.8 billion economic engine.The University of Arkansas for Medical Sciences The University of Arkansas for Medical Sciences (UAMS) is part of the University of Arkansas System, a state-run university in the U.S. state of Arkansas. The main campus is located in Little Rock. said it had an economic impact of $3.8 billion on the state's economy in fiscal 2003.
"We are proud of our role as one of the state's most important economic enterprises," said UAMS UAMS University of Arkansas for Medical Sciences Chancellor J. Dodd Wilson.
In its fiscal year--July 1, 2002-June 30, 2003--UAMS said it spent $683.9 million on employee salaries, supplies and services, scholarships and grants, and construction.
Together with its affiliates, Arkansas Children's Hospital Arkansas Children's Hospital, an affiliate of the University of Arkansas for Medical Sciences, is the only pediatric medical center in Arkansas and one of the largest in the United States, serving children from birth to age 21. and the Central Arkansas Veterans Healthcare System, where UAMS College of Medicine physicians and faculty provide clinical care, perform research and teach, UAMS' total expenditures were about $1.27 billion.
"When we consider the overall economic impact of UAMS and its affiliates, using economists' customary multiplier multiplier
In economics, a numerical coefficient showing the effect of a change in one economic variable on another. One macroeconomic multiplier, the autonomous expenditures multiplier, relates the impact of a change in total national investment on the nation's total of three to reflect "re-spending" throughout the economy, the annual figure is approximately $3.8 billion," Wilson said.
Only 12 percent of UAMS revenue comes from the state, the news release said. The rest comes from clinical income, research grants and contracts, fund-raising and auxiliary auxiliary
In grammar, a verb that is subordinate to the main lexical verb in a clause. Auxiliaries can convey distinctions of tense, aspect, mood, person, and number. income, and tuition. In fiscal 2003, revenue from patient visits totaled $328.5 million.
With almost 9,000 employees, UAMS is one of the state's largest employers. Those employees paid an estimated $74 million in local and state taxes in fiscal 2003.
Patients came to UAMS from almost every state and several foreign countries in fiscal 2003, paying approximately $93 million for inpatient inpatient /in·pa·tient/ (in´pa-shent) a patient who comes to a hospital or other health care facility for diagnosis or treatment that requires an overnight stay.
n. and outpatient care.
UAMS scientists received $104 million in grants and contracts for research and related activities in fiscal 2003.