The University of Louisville Alumni Magazine: for alumni, faculty, staff, students and anyone that is a UofL Cardinal fan.
Issue link: http://louisville.epubxp.com/i/141236
Economic Impact A healthy impact on Kentucky The Health Sciences Center is making an impact in more ways than one. During 2011–2012, HSC faculty and students were responsible for an economic impact of almost $3.6 million in the western 56 counties of Kentucky that UofL Area Health Education Centers serve. UofL AHEC faculty provided donated services valued at $3.47 million, while their students spent $112,175 in living and travel expenses. The AHEC program works to improve the recruitment, distribution and retention of health care professionals in medically underserved areas throughout the commonwealth. "We believe the economic impact in each county we serve is an extra beneft in the return on the investment into the UofL AHEC program," said V. Faye Jones, UofL AHEC program director. "The primary beneft of the program is found in the services and activities AHEC provides; the corresponding dollar value of these services gives us another way to measure the full scope of the good work AHEC is doing for the people of Kentucky." The U.S. Department of Health and Human Services designates 108 counties across Kentucky as Health Professional Shortage Areas. AHEC helps address this need by providing educational support services to current health profession students and providers; health education programs for communities; and programs that encourage students to pursue health professions as careers. Kentucky AHEC is funded primarily by appropriations from the Kentucky General Assembly. Additional funding comes from the Health Resources Service Administration of HHS, UofL and a variety of national, regional and local organizations. FY 2011–12 Donated Economic Value of Community-Based Faculty From UofL AHEC Centers TOTAL COMMUNITYBASED FACULTY HOURS AVERAGE RATE PER HOUR TOTAL VALUE STUDENTS ROTATION WEEKS COMMUNITYBASED FACULTY HOURS PER WEEK* Medicine 394 1,660 13.2 21,912 $100.00** $2,191,200.00 Dentistry 36 153 13.2 2,020 $106.51*** $215,107.60 DISCIPLINES Dental Hygiene 31 44 13.2 581 $28.81*** $16,732.85 Pharmacy 86 430 13.2 5,676 $55.94*** $317,515.44 Physician Assistant 47 211 13.2 2,785 $48.49*** $135,054.35 Physical Therapy 26 178 13.2 2,350 $106.25*** $249,645.00 Dietician 14 129 13.2 1,703 $16.48*** $28,062.14 Communication Disorder 2 18 13.2 238 $29.58*** $7,028.21 Nursing 161 339 13.2 4,475 $30.10*** $134,691.48 Nurse Practitioner 26 111 13.2 1,465 $38.96*** $57,084.19 Other Allied Health 56 322 13.2 4,250 $29.58*** $125,726.83 879 3,595 Total: 47,454 $3,477,848.09 Source: AHEC Program Ofﬁce *Community-Based Faculty Hours Per Week equals 1/3 of their time teaching students on clinical rotation. **Hourly Rate for Physicians is an estimate based on composite data from the American Academy of Family Physicians (2011); and the Kentucky State Department of Public Health, Primary Care Branch (2012). ***Data from Explorehealthcareers.org UofL: champion of minority-owned business The university strengthened its reputation for supporting minority businesses, being named 2012 Corporation of the Year in the public sector by the Tri-State Minority Supplier Development Council. It's the fourth time since 2000 that UofL has received a council award. UofL held vendor training workshops and revised bid documents to encourage companies to solicit minority contractors in an effort to increase minority participation 18|LOUISVILLE.EDU in its business enterprises from 15 percent to 25 percent for the 2011–12 fscal year. These efforts paid off, achieving a 22 percent minority participation rate and increasing its spending with minority businesses from $1.3 million to $5 million. Minority businesses worked on a wide range of key projects, including the new student recreation center, renovation of the Belknap Campus north entrance and expansion of Jim Patterson Baseball Stadium. Minority, female and local hiring goals also were met on construction of The Nucleus, a new 200,000-sq.-ft. building on the site of the old Louisville Haymarket. According to Vickie Yates Brown, Nucleus CEO, the project included 23 percent minority-owned and 14 percent female-owned businesses, with 78 percent of the workers hailing from the Louisville area.