Measuring the Economic Impact of Your Complex Healthcare Organization
TELL YOUR WHOLE STORY Economic impact analyses measure the ripple effect of an organization or event on a state, region, or local economy. These ripples, referred to as direct, indirect, and induced impacts, are typically measured in terms of jobs, earnings, economic output, and taxes. Our studies are tailored to the unique needs of our clients and measure impacts on one or more geographies (state, regional, county, etc.) to inform a wide range of audiences. We measure the impact of not only ongoing operations, but also of recent or planned construction projects. To estimate economic and fiscal impacts, we use IMPLAN (IMpacts for PLANning) regional input-output modeling, which has been one of the most widely used approaches in academia, industry, and SILVERLODE CONSULTING has completed hundreds of economic
government for over 40 years. IMPLAN was
and fiscal impact studies for a wide range of clients throughout
originally developed by the U.S. government
the U.S. We have deep expertise with identifying and measuring
in the 1970s and is used by more than 1,000
the impacts associated with complex health systems. For nearly twenty years, our studies have helped to support our clients’ development and fundraising, government relations, public
universities, health systems, government agencies, and consultants.
relations, and marketing efforts. Our work has helped our clients to secure funding, affect public policy, and strengthen community relationships and awareness. Our analyses utilize well-respected and accepted modeling techniques, are grounded in data, and effectively communicate findings. Our projects are high-profile in nature, require flawless execution, and hold up to rigorous scrutiny. Silverlode Consulting was founded in 2002 by leaders of EY’s and PwC’s consulting practices.
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We place significant emphasis on presenting findings in ways that are understandable by all stakeholders. We help you tell the whole story of your organization’s positive impacts on the communities you serve. We work closely with your team to meet the unique needs of your organization.
Sample pages from our recent impact studies
How Clients Use Our Economic Impact Studies
Government Bodies & Agencies
GOVERNMENT RELATIONS
Elected Officials │
• •
Economic Development Groups
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Individual Donors Corporate Partners │
News Outlets Social Media PUBLIC RELATIONS & MARKETING
Community Outreach Community Benefit Reporting
DEVELOPMENT & FUNDRAISING
Grantmakers Industry PARTNERSHIPS & OTHER CONNECTIONS
Venture Partners Acquisition Candidates Academic Organizations
Employees Leadership │
Directors & Trustees
INTERNAL COMMUNICATIONS
RELEVANT WORK
Hackensack Meridian Health is New Jersey’s largest health network. Silverlode estimated the economic and fiscal impacts of the network’s operations and construction activities on the economy of the State of New Jersey and several regions and counties it serves. Silverlode also estimated the network’s impact on the U.S. economy to help illustrate the significance of the network’s operations, initiatives, and investments during the COVID-19 pandemic.
Baystate Health, the largest health care organization in western Massachusetts, which serves over 800,000 people throughout western New England, has been a Silverlode client since 2009. Our studies help communicate Baystate’s impact to government decision makers, Baystate employees, partners, and other stakeholders.
The University of Kansas Health System Together, The University of Kansas Health System and the University of Kansas Medical Center serve as the only academic medical center in Kansas. Silverlode estimated the fiscal and economic impacts of the organizations in Kansas, Missouri, and several regions and counties where they operate.
Wingspan Care Group is a community-based network of organizations providing treatment, education and prevention programs and services for youth and families. Since 2011, Silverlode has conducted numerous impact analyses which estimate Wingspan’s impact on the economy and community. Wingspan uses Silverlode’s reports to communicate the impact of its member organizations to the community, government entities, and other stakeholders.
EXAMPLES OF OUR WORK IN USE https://my.clevelandclinic.org/about/community/reports/economic-impact-report http://www.uhhospitals.org/about/community-benefit/economic-impact
SILVERLODECONSULTING.COM | 216. 263.9000