[business plan]
Quotes
"76 Million Americans will retire in the first half of this decade. Thirty percent will experience some limitations in activities of daily living."
- U.S. Census 2000
"Significant savings in health care costs, lost wages and reduced emotional costs could be realized by enhancing research in Rehabilitation Sciences."
- Institute of Medicine 1997
"In Indiana, there are approximately 1 million people with disabilities and in 2001 there were over 33,000 occupational injuries requiring rehabilitation care."
- Denny Armington, Rehabilitation Hospital of Indiana
"380 Indiana-based companies are engaged in the development of products relevant to rehabilitation."
- Wade Lange, Indiana Health Industry Forum
"Federal spending on rehabilitation research exceeds $450 million yearly."
- Mark Sothmann. IU School of Health & Rehabilitation Sciences
We're fortunate to be a mass producer of intellectual property, with research institutions like IU and Purdue and billions of dollars being invested in corporate Research & Development."
-Anne Shane, BioCrossroads
Statistics
The Institute of Medicine estimated that 1994 medical care expenditures (direct costs) for people with disabilities amounted to approximately $160 billion, and indirect costs (lost productivity) amounted to approximately $155 billion annually, or more than 4 percent of the country's gross domestic product.
In 1997, approximately one in five (56 million) Americans manifested some type of disabling musculoskeletal condition and were responsible for medical care expenditures amounting to $240 million or about 2.9 percent of the country's gross domestic product. One-third of that group has a disabling condition so severe that they are unable to carry out the activities of daily living such as attending school or working.
In Indiana there are approximately 1 million people with disabilities, of whom more than 500,000 have a mobility limitation with over 33,000 occupational injuries that require rehabilitative care.
It is estimated that every $1 invested in rehabilitation returns $11 in benefit back to the state through the recapture of lost wages and productivity gains related to an increase in mobility.
Every $1 invested in a research center typically returns $5 in external funding to the state.
There is a $450 million dollar pool of federal money for rehabilitation research of which only approximately $45,000 came to Indiana in 2002.
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