Northeast Georgia Medical Center generated more than $1.75 billion in revenue for the local and state economies in 2016, a recent report said.
According to the report, which was published by the Georgia Hospital Association, the state’s largest hospital trade association, in 2016, NGMC generated $1,751,543,053 in revenue for the economy, provided more than $52 million in uncompensated care and sustained more than 18,000 full-time jobs throughout the region and state, in addition to the more than 8,000 employees directly employed by Northeast Georgia Health System.
The more than $52 million in uncompensated care, which includes indigent and charity care and bad debt, comes in addition to $6.5 million that NGMC provided in community outreach, such as free screenings and health education.
“We at NGHS realize that while our most valuable contributions lie in the vital health care services we provide to patients in our community, our economic benefit extends far beyond patient care,” said Carol Burrell, president and CEO of NGMC’s parent organization, NGHS. “As an economic anchor in our region, we remain committed to managing our resources wisely so we may improve the health of our community in all we do for years to come.”
GHA’s report shows that NGMC had direct expenditures of more than $761 million in 2016 and that when combined with an economic multiplier developed by the United States Department of Commerce’s Bureau of Economic Analysis, the total economic impact of those expenditures was more than $1.75 billion.
The output multiplier considered the “ripple” effect of direct hospital expenditures on other sectors of the economy such as medical supplies, durable medical equipment and pharmaceuticals. Economic multipliers are used to model the impact of a change in one industry on the “circular flow” of spending within an economy as a whole.
GHA’s report is the first that includes NGMC Braselton for a full year, given the Braselton hospital opened in April 2015.
The GHA report also reflects the addition of NGMC Barrow, though the Barrow hospital was not a part of NGMC at the time of the report.
In 2016, Barrow Regional Medical Center (now NGMC Barrow) generated more than $73 million in revenue for the local and state economies, provided more than $2.7 million in uncompensated care and sustained nearly 500 full-time jobs throughout the region and state.
The numbers in the GHA study only reflect the economic impact of hospital expenditures and do not include the impact of other services, such as physician offices and long term care facilities, provided by Northeast Georgia Health System.