The Georgia Hospital Association recently released its 2014 Economic Impact Report, which quantifies the impact of the Archbold health system in the region. Using the U.S. Bureau of Economic Analysis methodology, Archbold Medical Center’s regional economic impact was more than $733 million in revenue for the local and state economy in 2014. The report also found that Archbold’s Brooks County Hospital contributed $27.4 million to the local economy during the same time period.
According to the report, Archbold provided approximately $32 million in uncompensated care for patients in the South Georgia and North Florida region, $2.1 million of which was provided in Quitman by Brooks County Hospital. The Archbold health system sustained more than 5,000 full-time jobs throughout South Georgia and the rest of the state, while BCH was directly responsible for employing 91 people in Quitman, and creating or sustaining 207 jobs in the region and statewide.
The report revealed that Archbold had direct expenditures of more than $321 million in 2014, $12 million of which were tied to BCH. When combined with an 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 $733 million for the entire Archbold health system, and $27.4 million for Brooks County Hospital. 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.
“Since 1925, Archbold has been known for our role in meeting the healthcare needs of patients in South Georgia and North Florida,” said Perry Mustian, Archbold President and CEO. “But we also influence our area’s economic health.”
The regional health system based in Thomasville employs over 2,200 people. Archbold’s Brooks County Hospital employs around 100 people in Quitman. According to the GHA report, for every Archbold employee, there is more than one supporting job created throughout the region and state. In addition the funds the organization spends on goods and services flow from the hospital to businesses, and those funds ripple through the local economy, as well.
“When deciding where to locate, businesses are always very interested in the access their employees will have to quality healthcare facilities,” said LaDon Toole, Archbold’s vice president of system hospitals and long-term care facilities. “Having local access to healthcare helps make Brooks County a realistic potential location for their industry.”