DeKalb Medical Generated $806 Million for Georgia Economy in 2010
June 13, 2012
ATLANTA, GA – In 2010, DeKalb Regional Health Systems generated more than $806 million 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, DeKalb Regional Health Systems helped sustain 6,480 full-time jobs throughout Metro Atlanta and the rest of the state.
DeKalb Regional Health Systems includes DeKalb Medical, DeKalb Medical Hillandale and DeKalb Medical at Downtown Decatur.
When combined with the 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 $806 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 model the resulting impact of a change in one industry on the "circular flow" of spending within an economy as a whole.
"We’re thankful for the unwavering support of the DeKalb County and Metro Atlanta communities, and pledge to work hard to provide the best and most affordable health care services to them," DeKalb Medical CEO John Shelton said. "What pleases us most from this report is that we ended up with a net increase in full-time jobs. That’s a positive sign for us and the community because the overall economy and job situation was still in rough shape at that time."
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 health care needs including continued cuts in Medicare and Medicaid payments and a fast-growing uninsured population. Presently, 34 percent of all hospitals in Georgia are operating with negative margins.
"As this report shows, DeKalb Medical is a key pillar in the community and this relationship is important to us," Shelton said. "We are proud to make our region a place to live, work and raise families. We hope that our elected lawmakers will do what is necessary to protect our local health care system and preserve access to care for every resident of DeKalb County and the Metro Atlanta area."
About DeKalb Medical
With more than 800 doctors skilled in 55 medical specialties, DeKalb Medical combines cutting-edge technology with compassion to effectively diagnose and treat our patients. A leader in cancer, heart attack treatment and orthopedics, our non-profit health system and DeKalb Medical Physicians have been growing with metro Atlanta’s medical needs since 1961.
More than just a provider of hospital services, 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. Our 627-bed system includes DeKalb Medical at North Decatur (451 beds), DeKalb Medical Long Term Acute Care at Downtown Decatur (76 beds) and DeKalb Medical at Hillandale (100 beds). Committed to pushing beyond to excel in patient satisfaction and service, our quality is reflected in many clinical excellence awards throughout our three-hospital system including recently ranking in the Top 5% in the Nation for Overall Orthopedic Services by HealthGrades® (2011).
Media Contact: Nick West, email@example.com, 404.501.5259