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Healthy City: Inside New York City's Hospital Building Boom


New York City's Hospitals: A Vital and Expanding Part of the City


New York City's Hospitals: A Vital and Expanding Part of the City

Healthcare is one of New York City's premier industries, with hospitals leading the way as a major economic force, physical presence, and source of health and wellness for communities throughout the five boroughs.

New York City's healthcare sector contributes $40 billion to a Gross City Product of $700 billion, with hospitals generating nearly half the total output of all healthcare spending. New York City's hospitals accounted for annual earnings exceeding $13 billion for 160,000 workers in 2015, and the market value of all hospital property exceeds $14.4 billion.

New York City is home to more than 40 general medical hospitals, 11 of which are owned and operated by NYC Health + Hospitals, the nation's largest municipal healthcare system, as well as several other specialized institutions.

With nearly 25,000 beds and 35,000 on-call doctors, New York City hospitals handle more than three million emergency room visits, one million admissions, and close to 250,000 inpatient and 500,000 outpatient surgery cases every year. According to The Advisory Board Company, which performs strategic research for the healthcare industry, between 2014 and 2024, inpatient discharges in New York City hospitals are expected to grow by nearly six percent, while the number of outpatient visits could increase by as much as 27 percent.

In the midst of this tremendous activity, hospitals have been building to modernize, grow, and respond to market forces and rapid changes in healthcare delivery. This dynamism is reflected in the industry's responses to the Building Congress survey.

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