Cartersville Medical Center Generates Over $227 Million for Local and State Economy
May 11, 2016
CARTERSVILLE MEDICAL CENTER GENERATES OVER $227 MILLION FOR LOCAL AND STATE ECONOMY
In 2014, Cartersville Medical Center in Cartersville generated more than $227,465,038 in revenue for the local and state economy, according to a recent report by the Georgia Hospital Association, the state’s largest hospital trade association. The report also found that, during the same time period, Cartersville Medical Center provided over $13 million dollars in uncompensated care (direct cost) while sustaining more than 650 full and part-time jobs in Cartersville and surrounding areas. Additionally, it was determined that, based on the Georgia Employment Multiplier, 1,504 Georgia full-time jobs were created as a result of the impact of Cartersville Medical Center on the state’s economy. This number does not include the number of people directly employed by the hospital.
The report revealed that Cartersville Medical Center had direct expenditures of more than $100 million dollars in 2014. 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 $227 million dollars. 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 resulting impact of a change in one industry on the “circular flow” of spending within an economy as a whole.
“While Cartersville Medical Center is well known for its role in meeting the health care needs of the residents of Cartersville, Bartow County and surrounding areas, it also plays an integral role in protecting our area’s economic health,” said Keith Sandlin, CEO of Cartersville Medical Center. “We are so appreciative of our community’s unwavering support of their local hospital and will continue to work hard to ensure that the residents of this area have access to the best and safest health care services available.”
About Cartersville Medical Center
Cartersville Medical Center is a 112-bed acute care hospital, Chest Pain Center, Certified Primary Stroke Center, Certified Total Joint program and Gold Seal Inpatient Diabetes program accredited by the Joint Commission. The Breast Imaging Center of Excellence at The Women’s Center provides mammography services that are gold seal accredited by the American College of Radiology. The Hope Center, a regional, Commission on Cancer approved cancer treatment facility, is conveniently located on the hospital campus and provides over 4,000 treatments with over 300 new patients per year from a ten county region.
For more information about programs and services offered at Cartersville Medical Center or The Hope Center, call MedLine at (800) 242-5662 or visit www.cartersvillemedical.com.
In 2014, Cartersville Medical Center in Cartersville generated more than $227,465,038 in revenue for the local and state economy, according to a recent report by the Georgia Hospital Association, the state’s largest hospital trade association. The report also found that, during the same time period, Cartersville Medical Center provided over $13 million dollars in uncompensated care (direct cost) while sustaining more than 650 full and part-time jobs in Cartersville and surrounding areas. Additionally, it was determined that, based on the Georgia Employment Multiplier, 1,504 Georgia full-time jobs were created as a result of the impact of Cartersville Medical Center on the state’s economy. This number does not include the number of people directly employed by the hospital.
The report revealed that Cartersville Medical Center had direct expenditures of more than $100 million dollars in 2014. 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 $227 million dollars. 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 resulting impact of a change in one industry on the “circular flow” of spending within an economy as a whole.
“While Cartersville Medical Center is well known for its role in meeting the health care needs of the residents of Cartersville, Bartow County and surrounding areas, it also plays an integral role in protecting our area’s economic health,” said Keith Sandlin, CEO of Cartersville Medical Center. “We are so appreciative of our community’s unwavering support of their local hospital and will continue to work hard to ensure that the residents of this area have access to the best and safest health care services available.”
About Cartersville Medical Center
Cartersville Medical Center is a 112-bed acute care hospital, Chest Pain Center, Certified Primary Stroke Center, Certified Total Joint program and Gold Seal Inpatient Diabetes program accredited by the Joint Commission. The Breast Imaging Center of Excellence at The Women’s Center provides mammography services that are gold seal accredited by the American College of Radiology. The Hope Center, a regional, Commission on Cancer approved cancer treatment facility, is conveniently located on the hospital campus and provides over 4,000 treatments with over 300 new patients per year from a ten county region.
For more information about programs and services offered at Cartersville Medical Center or The Hope Center, call MedLine at (800) 242-5662 or visit www.cartersvillemedical.com.
Contact:
Cartersville Medical Center
800-242-5662
