DeKalb Medical Pumps $860 Million into Georgia Economy
June 15, 2011
Atlanta, GA -- In 2009, DeKalb Medical in DeKalb County, Georgia generated more than $860 million in revenue for the local economy according to a recent report by the Georgia Hospital Association, the state’s largest hospital trade association. During the same time period, DeKalb Medical provided approximately $27 million in uncompensated care while sustaining more than 5,600 full-time jobs throughout metro Atlanta and the rest of the state.
The report revealed that DeKalb Medical had direct expenditures of more than $347 million in 2009. 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 amounted to more than $860 million. 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 calculate the resulting impact of a change in one industry on the “circular flow” of spending within an economy as a whole.
“This new report shows that, even in difficult economic times, DeKalb Medical has an enormous positive impact on our local economy,” said Eric Norwood, FACHE, President and CEO, DeKalb Medical. “We work hard to ensure that the citizens of this community have access to healthcare services that are second to none in quality and affordability.”
While DeKalb Medical remains a major component of the area’s economic engine, the hospital’s leadership, like the rest of the Georgia hospital community, is concerned about a wide array of economic challenges that have made it increasingly difficult to meet the community’s healthcare needs including continued cuts in Medicare and Medicaid payments and a fast-growing uninsured population.
According to Norwood, state lawmakers should work to protect the state’s healthcare system with the same fervor that they do other initiatives like education and public utilities. “Our local healthcare system is indispensable,” said Norwood. “It is the primary guardian of health in our community and impacts everything else in our community including education and economic vitality. Even in tough economic times, our elected officials should preserve access to healthcare for every resident of DeKalb County and the metro Atlanta region.”
About DeKalb Medical
With more than 800 doctors skilled in 55 medical specialties, DeKalb Medical combines cutting-edge technology with compassion to effectively diagnosis and treat nearly half a million patients each year. As the first planned digital hospital to open in Georgia, DeKalb Medical has helped usher in a new era of electronic medical records that puts information at your doctor’s fingertips for improved patient safety and outcomes. Growing with the metro-Atlanta area since 2005, our 100-bed hospital is committed to pushing beyond to excel in patient satisfaction and service. At DeKalb Medical, you won’t have to travel far to feel better with these nearby services: 24-hour emergency services, vascular surgery, breast surgery, uterine fibroid embolism, cardiology, cancer care, orthopedics, rehabilitation, gastroenterology, general surgery, endocrinology, radiology/imaging. For more information visit www.dekalbmedical.org.