According to the Georgia Hospital Association’s economic impact report, FMC had a $504.6 million impact and Redmond contributed $320.6 million.
According to hospital reports:
FMC sustained more than 5,225 full-time jobs throughout Rome and across the state. That number includes 2,430 full-time and part-time employees at the hospital and its affiliates.
The organization additionally provided approximately $18.76 million in uncompensated care. This care includes $6.87 million written off in bad debt, $10.43 million provided in indigent care and $1.28 million in charity care.
The report also stated that Floyd’s impact includes $218.1 million in direct expenditures, which increases to $504.6 million when combined with an economic multiplier from the U.S. Department of Commerce’s Bureau of Economic Analysis.
Economic multipliers are utilized to estimate an industry’s impact on spending flow within an economy as a whole and considers the ripple effect of direct hospital expenditures on other economic sectors such as medical supplies, durable medical equipment and pharmaceuticals.
The same report shows that Redmond posted $138.6 in total direct expenditures, which with the output multiplier resulted in a total output income generated amount of $320.6 million.
In 2010 Redmond created 2,580 full-time jobs, including 1,200 full-time and part-time jobs.
Under community benefit, Redmond provided $11.9 million in uncompensated care. This includes $4.3 million in indigent care, $749,277 in charity care and $3.3 million in bad debt.
The report also detailed Cartersville Medical Center’s impact in 2010. The organization generated more than $183 million in revenue for the local and state economy.
The center provided approximately $10 million in uncompensated care while sustaining more than 650 full-time jobs in Cartersville and the rest of the state.
Both the Cartersville Hospital and Redmond are operated by HCA.
Polk Medical Center in Cedartown, managed by FMC, sustained 232 full-time jobs throughout Cedartown, Rockmart, Aragon and across the state, including 108 full and part-time employees at Polk Medical Center.
Also, the organization provided about $3.89 million in uncompensated care. The hospital impacted the economy with $13.6 million in direct expenditures in 2010, which with the output multiplier rises to $31.48 million as a total impact.
Click here to see Polk Medical Center's report
Click here to see Floyd Medical Center's report