Memorial Hospital’s Economic Impact on the Community Date.

Memorial Hospital’sEconomic Impact on the Community

Date

• 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

Total Economic Impact of Hospitals

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

• www.wha.org/economic-impact • Your website

For More Information