Northeast Georgia Medical Center (NGMC) has now surpassed the $1.5 billion mark in local and state economic impact according to a recent report by the Georgia Hospital Association (GHA), the state’s largest hospital trade association.
The report found that, in 2015, NGMC generated $1,567,839,186 in revenue for the local and state economy; provided more than $45 million in uncompensated care; and sustained more than 12,000 full-time jobs throughout the region and state – in addition to the more than 7,000 employees directly employed by Northeast Georgia Health System in 2015. The more than $45 million in uncompensated care, which includes indigent and charity care and bad debt, doesn’t take into account more than $6 million NGMC provided in community outreach such as free screenings and health education.
The report revealed that NGMC had direct expenditures of more than $681 million in 2015. 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 $1.5 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.
This report is the first that includes NGMC Braselton, although only for a partial year since the Braselton campus opened in April 2015.
The GHA report reflects the addition of NGMC Barrow, although the Barrow hospital was not a part of NGMC at the time of the report. In 2015, Barrow Regional Medical Center (now NGMC Barrow) generated $68,721,154 in revenue for the local and state economies; provided more than $5 million in uncompensated care; and sustained 542 full-time jobs throughout the region and state.
“Every day, NGHS consciously makes decisions in order to secure the future of our organization and strive for a better tomorrow,” says Carol Burrell, president and CEO of NGMC’s parent organization, Northeast Georgia Health System. “As always, these numbers consistently remind us of the important economic role we play in our region and state and the large number of people who rely daily on our commitment to responsible stewardship.”
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 Northeast Georgia Health System.
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 800,000 people across the region through three hospitals and a variety of outpatient locations. Northeast Georgia Medical Center (NGMC) has three hospital campuses – NGMC Gainesville, NGMC Braselton and NGMC Barrow – with a total of 713 beds and medical staff members representing more than 50 specialties.