memorial hospital’s economic impact on the community date
TRANSCRIPT
• Health care sector is a growing segment of Wisconsin’s economy
• Wisconsin hospitals employ over 110,000 people and account for over $28 billion in economic activity
2011 Economic Impact Report
Hospitals Among Largest Employers
• 3 of top 6 largest growing industries are related to health care– Ambulatory health care
services anticipated growth of 22,670 jobs between 2008-2018
– Hospitals anticipated growth of about $15,080 between 2008-2018
Hospitals Among Largest Employers
• Hospitals and health systems are among the largest employers in the counties where they are located
High Quality Jobs and Job Growth
• In 2009, the typical worker in WI earned about $44,690 in wages and salary, but for hospitals the average worker earned $58,300
• DWD predicts health care and hospitals will be the single largest source of employment growth
Expenditures Stimulate Economies
• Hospital purchases create revenue and “indirect” jobs for local businesses
• Income from hospital employees go toward local purchases
• Wages paid by hospitals are subject to federal, state and local taxes
Hospitals Support Health and Social Needs of Their Communities
• Educational outreach, health screenings, support groups
• Free clinics, shelters• Charity care programs• Medicaid
www.WiServePoint.org
Memorial Hospital’s Economic Impact
• Use the software at http://www.wha.org/economic-impact to calculate your hospital’s impact on the local economy and add the data here
Memorial Hospital’s Economic Impact
• Include information on the programs/services your hospital provides to the community
• Hospitals are strong contributors to the economy and create a steady source of employment, even in economic downturns:– Good paying jobs across a wide
spectrum of skill levels– Hospital and employee purchases
support community businesses
Summary