St. Jude's Economic Impact
The type of economic impact that St. Jude has is huge (The Commercial Appeal, 2015). A recent study, conducted by the University of Memphis, showed that St. Jude’s operations created more than $2 billion in economic activity. This activity was powered by 14,710 jobs and brought in more than 70,000 visitors to the city of Memphis. St. Jude and ALSAC employ more than 4,400 people, who contribute to the economy through their residence in Memphis (Park, 2013). In 2015, the hospital revealed a plan that would provide $1.7 billion in capital projects. This includes state-of-the-art patient rooms, a new research building, next generation nuclear magnetic resonance and cryo-electron microscopy instruments. The plan also includes adding 2,000 staffers
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Jude’s global impact is just as huge, if not bigger, as their economy impact. They create more clinical trials for cancer than any other children’s hospital. They freely share research information so that other doctors and scientists can use the information to save even more children around the world (St. Jude, 2017). For example, one of the projects that St. Jude has shared is the Pediatric Cancer Genome Project. This project would lead to the discovering of genetic origins in childhood cancer and the finding of new cures. By sharing such findings, St. Jude is helping other hospitals and institutions worldwide to make advances in curing childhood cancer (St. Jude, 2017). The hospital would also expand their International Outreach Program. They are also funding a global clinical research association. The hospital would set standards for the use of precision medicine to treat childhood cancers and establish a world-class cancer immunotherapy program (Charlier, 2015). In addition, St. Jude would develop an authoritative online site. The site is where cancer patients and their families from all over the world can go and find out where the nearest treatment site is, what is expected after being diagnosis or after treatment, as well as other information. The hospital is also looking for approval to become a degree-granting institution for graduate students who are studying biomedical research (Charlier,
Jude’s global impact is just as huge, if not bigger, as their economy impact. They create more clinical trials for cancer than any other children’s hospital. They freely share research information so that other doctors and scientists can use the information to save even more children around the world (St. Jude, 2017). For example, one of the projects that St. Jude has shared is the Pediatric Cancer Genome Project. This project would lead to the discovering of genetic origins in childhood cancer and the finding of new cures. By sharing such findings, St. Jude is helping other hospitals and institutions worldwide to make advances in curing childhood cancer (St. Jude, 2017). The hospital would also expand their International Outreach Program. They are also funding a global clinical research association. The hospital would set standards for the use of precision medicine to treat childhood cancers and establish a world-class cancer immunotherapy program (Charlier, 2015). In addition, St. Jude would develop an authoritative online site. The site is where cancer patients and their families from all over the world can go and find out where the nearest treatment site is, what is expected after being diagnosis or after treatment, as well as other information. The hospital is also looking for approval to become a degree-granting institution for graduate students who are studying biomedical research (Charlier,