Northeast Georgia Medical Center (NGMC) has a positive financial impact on the local community and state, estimated at $3.2 billion according to a recent report by the Georgia Hospital Association (GHA).
The report found that, in 2019, NGMC generated $3,293,684,240 in revenue for the local and state economy; provided more than $59 million in total estimated charity care; and sustained nearly 21,000 full-time jobs throughout the region and state – in addition to nearly 9,000 employees directly employed by Northeast Georgia Health System (NGHS). The more than $59 million in total estimated charity care, which provides financial assistance to people who meet certain criteria and cannot afford to pay all or portions of their medical bills, doesn’t include unpaid bills that are written off and or nearly $11 million NGMC provided in community outreach such as free screenings and health education.
The report revealed that, in 2019, NGMC had direct expenditures of more than $1.3 billion. 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 $3 billion. This output multiplier considers 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.
“NGHS is committed to improving the health and quality of life for our surrounding communities,” said Carol Burrell, president and CEO of NGHS. “We strive to keep a healthy financial position so we can reinvest in renovation, expansion projects and new healthcare technologies for our patients, visitors, physicians and employees. This study is proof that we are growing the greater good.”
The figures 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 NGHS.
ABOUT NORTHEAST GEORGIA HEALTH SYSTEM
Northeast Georgia Health System (NGHS) is a non-profit on a mission of improving the health of our community in all we do. Our team cares for more than 1 million people across the region through four hospitals and a variety of outpatient locations. Northeast Georgia Medical Center (NGMC) campuses in Gainesville, Braselton, Winder and Dahlonega – with a total of more than 700 beds and more than 1,100 medical staff members representing more than 60 specialties. Learn more at www.nghs.com.