A Florida State Unviersity study showed a rate of return on investment factor of 11:1 for eligible populations in the state program–low-income, elderly and disabled. This calculation was based on a “conservative estimate” that one out of every 100 trips (1%) prevents a one-day stay in a hospital, which results in a total benefit of $1.4 billion (number of trips x .1 x average cost of one day hospital stay in FL).
Author
Citation
Dr. J. Joseph Cronin, Jr., et al., Florida Transportation Disadvantaged Programs Return on Investment Study (Tallahassee: Florida State University, 2008), 2.State
FL
Line of Business or Market
Medicaid