In 2016, Cartersville Medical Center in Cartersville generated more than $240 million in revenue for the local and state economy, according to a recently released report by the Georgia Hospital Association, the state’s largest hospital trade association. During the same time period, Cartersville Medical Center provided approximately $12.3 million in uncompensated care while sustaining more than 1,300 full-time jobs throughout Cartersville and Georgia.
Cartersville Medical Center also had direct expenditures of more than $104 million in 2016. The total economic impact of those expenditures was more than $240 million when combined with an economic multiplier developed by the United States Department of Commerce’s Bureau of Economic Analysis. 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 helps keep the residents of Bartow County and surrounding communities healthy, we also play an integral role in guarding and enhancing our area’s economic health,” said Chris Mosley, CEO.
According to Mosley, every community needs nearby access to a strong, vibrant health care system that will not only meet the health care needs of its residents, but also attract other industries and businesses to the area.
“Our local health care system is the primary guardian of health in our community and also a major economic engine in this area that is directly responsible for 570 full-time jobs,” said Mosley. “We are thankful for the community’s partnership with our hospital and will continue to work hard to ensure that area residents have access to the best and safest health care services available.”
From WBHF radio