A study prepared for Wake Forest Baptist Medical Center bestimates the health system had a $3.8 billion economic impact during the last fiscal year by providing thousands of jobs, state-of-the-art health care, pioneering medical research, commercialization of intellectual property and tax dollars.
The analysis finds that by turning research into new tests and treatments, Wake Forest Baptist is helping create and drive a new technology-based economy in the region. The report says Wake Forest Baptist represents one of North Carolina’s preeminent institutions for participation and growth in the life-science economy and its importance is expanding given the rising status of life sciences as the driver of U.S. economic progress today and in the future.
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