From WisPolitics.com/WisBusiness.com …
— UW-Madison’s health sciences division has a $2.4 billion economic impact in the state, according to a new report from the university.
That covers the schools of Medicine and Public Health, Nursing, Pharmacy and Veterinary Medicine. The health sciences impact figure includes $968.9 million in direct operational spending and $1.43 billion in indirect or induced impact.
Its total job impact in Wisconsin is 18,363, including 8,148 direct and 10,215 indirect or induced.
Authors note the university’s health sciences enterprise has a “highly integrated system that is distinctive” among public universities. The schools included in this segment work together through shared research facilities, training and clinical partnerships.
“This coordinated structure accelerates discovery, strengthens team-based education, and expands access to high-quality care across Wisconsin,” they wrote.
The report shows the university, its affiliated organizations and spin-off companies collectively have a $38.9 billion economic impact in the state, with $12.4 billion of that attributed to startups with roots in UW-Madison and $13.3 billion from affiliate groups.
Among those affiliated organizations highlighted in the report, UW Health had the largest economic impact total with $12.9 billion, followed by WARF with $247.2 million, the Wisconsin Foundation and Alumni Association with $111 million, and the Morgridge Institute for Research with $53.2 million.
UW Health alone was linked to $5.8 billion in direct operational spending and $7.1 billion in indirect or induced impact, supporting 92,906 jobs across Wisconsin. That includes 23,394 direct jobs and 69,512 indirect or induced.
See the report and find the release below.
Top Stories
– GOP takes aim at hospital CEOs over affordability crisis
– US Supreme Court backs anti-abortion pregnancy centers in New Jersey case
– Trump’s Medicaid Work Mandate Debuting in Nebraska to Much Dismay
– Could At-Home Brain Stimulation Reduce Psychiatry’s Reliance on S.S.R.I.s?
– US infant formula supply is ‘safe,’ FDA says after looking for potential contaminants
– Trump administration reverses on paying for fentanyl detection strips
Press Releases
– UW-Madison: New study: Reach throughout Wisconsin adds up to $38.9 billion a year
– Marshfield Clinic: Accepting behavioral health grant applications from school districts
