Healthcare: Fueling New Jersey’s Healthy Economy
Fueled by nationally ranked hospitals and health systems, world-class universities and research institutions and an ecosystem that fosters discovery, New Jersey’s researchers and healthcare providers are pioneering the future of medicine.
Home to more than 21,880 healthcare establishments, New Jersey also is leading the way in state-of- the-art healthcare delivery – from advances in maternal and child health services to the latest in surgical technology to cutting-edge cancer research and treatment.
New Jersey’s healthcare industry plays an important role in the health of our State’s economy. Contributing $37 billion to New Jersey’s economy annually, healthcare employment has increased every year since 1990. Today, nearly 468,800 people are employed in New Jersey’s healthcare industry.
A Network of World-Class Hospitals and Health Systems
Home to a strong network of cutting-edge hospitals and healthcare systems, New Jersey outpaces the nation on several quality measures, according to the latest Hospital Performance Report from the New Jersey Department of Health.
Among the State’s 112 hospitals and 71 acute care hospitals, 4 are nationally ranked and 35 others meet national high performing standards, according to U.S. News & World Report’s 2017-2018 Best Hospitals rankings. Topping the list is Hackensack University Medical Center, which was ranked the #1 hospital in New Jersey and nationally ranked in 3 adult specialties, including neurology and neurosurgery.
New Jersey hospitals also are raising the bar on technology across all medical specialties. These facilities are working to reduce error, streamline processes and improve the patient experience. In 2017, 22 New Jersey hospitals made Hospitals & Health Networks’ Most Wired list, an industry-standard benchmark study designed to measure the level of IT adoption in U.S. hospitals.
Where Discovery Flourishes
A strong alignment of New Jersey’s hospitals, medical schools, academic institutions, and the private sector has helped make the State a hotbed for innovation. As a result, companies located here are on the forefront of bringing innovative treatments and products to market. In 2017, 50% of FDA novel drug approvals came from companies with a footprint in the State. Of the 200 new heart disease and stroke medications currently in development nationwide, 49 are being developed by New Jersey companies.
MEDICINES IN PIPELINE
ACTIVE OR OPEN CLINICAL TRIALS
2017 FDA APPROVALS
Research Institutes to Fuel Innovation
New Jersey’s colleges and universities have made huge contributions to the health of our State: They have devoted more than 1.2 million square feet of facility space to research in the biological and health sciences fields. That work comes primarily from Princeton University and Rutgers, The State University of New Jersey, 2 of the country’s most prestigious research schools. Princeton, Rutgers and a number of other research institutes focus on a wide range of health issues across the State, including:
- Center for Integrative Proteomics Research
- The Human Genetics Institute of New Jersey
- Coriell Institute for Medical Research
A Prime Location for Learning
New Jersey’s 13 teaching hospitals and 5 medical schools, including our newest medical school Hackensack Meridian School of Medicine at Seton Hall University, are training the medical practitioners and researchers of the future:
- New Jersey Medical School at Rutgers (Newark)
- Robert Wood Johnson Medical School at Rutgers (New Brunswick)
- Cooper Medical School of Rowan University (Camden)
- Rowan School of Osteopathic Medicine (Stratford)
- Hackensack Meridian School of Medicine at Seton Hall University (Nutley/Clifton)