A new report released by the Georgia Hospital Association estimates Northeast Georgia Medical Center’s impact on the local community and the state at more than $3.5 billion.
The GHA report found that in 2020, NGMC generated $3,554,257,187 in revenue for the local and state economy; provided over $70 million in total estimated charitable care; and supported more than 22,500 full-time jobs across the region and state – in addition to more than 9,000 people directly employed by the Northeast Georgia Health System (NGHS).
NGHS is the non-profit organization that oversees the operation of NGMC’s four campuses in Gainesville, Braselton, Winder and Dahlonega.
The cost of NGMC Charitable Care includes financial assistance to eligible patients. That does not include unpaid bills that are being written off or nearly $12 million NGMC provided through community outreach, such as free screenings and health education, according to the hospital.
The report revealed that in 2020, NGMC had direct expenses of over $1.5 billion. When combined with an economic multiplier developed by the U.S. Department of Commerce’s Bureau of Economic Analysis, the total economic impact of that spending was more than $3.5 billion, according to a press release. NGMC States.
This output multiplier takes into account the “ripple” effect of direct hospital spending on other sectors of the economy such as medical supplies, durable medical equipment and pharmaceuticals. Economic multipliers are used to model the impact of a change in an industry on the “circular flow” of spending within an economy as a whole.
“The Northeast Georgia Health System is proud to be an economic mainstay in our community and will continue to reinvest in expansion projects, new healthcare technologies and more to better care for our growing community,” said Carol Burrell, President and CEO of NGHS.
Last week, the health system opened a new hospital in Lumpkin County.
Figures from the GHA study only reflect the economic impact of hospital spending and do not include the impact of other services, such as doctors’ offices and long-term care facilities provided by the NGHS.
NGMC Lumpkin inaugurates the future hospital near Dahlonega