Navicent Health Generates $1.6 Billion for Local and State Economy
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Health System Supports More than 12,000 Jobs Statewide
In 2016, Atrium Health Navicent hospitals in central Georgia generated $1,599,457,541in revenue for the local and state economy, according to a recently released report by the Georgia Hospital Association, the state's largest hospital trade association. During the same time period, Atrium Health Navicent provided $69,980, 089 in uncompensated care while sustaining more than 12,000 full-time jobs throughout central Georgia and the state.
Atrium Health Navicent also had direct expenditures of more than $695 million in 2016. The total economic impact of those expenditures was more than $1,599,457,541.00 when combined with an economic multiplier developed by the United States Department of Commerce's Bureau of Economic Analysis. 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.
"At Atrium Health Navicent, we are not only committed to the health and wellness of the residents in the communities we serve, but we also play an integral role in guarding and enhancing our region's economic health. We are thankful for central Georgia's partnership with our health system and will continue to work to ensure area residents have access to the highest quality, affordable and equitable healthcare services available, close to home," said Dr. Ninfa M. Saunders, FACHE, President and CEO of Atrium Health Navicent.
Atrium Health Navicent is a major component of the area's economic strength. However, the hospital's leadership, like the rest of the Georgia hospital community, is concerned about economic challenges that affect the health system's ability to deliver timely and efficient care. A fast-growing uninsured population and inadequate payments from government insurance programs like Medicare and Medicaid have made it increasingly difficult to meet the community's healthcare needs. In 2016, 40 percent of all hospitals in Georgia operated with negative total margins.
"We are extremely concerned about the current operating environment for hospitals," said Dr. Saunders. "We have made a commitment to all citizens of this region to be available 24 hours a day, 365 days a year, providing high quality care when needed, and providing that care close to home. A hospital's ability to provide that care is compromised when an increasing number of patients are either uninsured or severely underinsured," said Dr. Saunders.
According to Dr. Saunders, every community needs nearby access to a strong, vibrant healthcare system that will not only meet the healthcare needs of its residents, but also attract other industries and businesses to the area.
"Our local healthcare system is not only the primary guardian of health in our community, but also a major economic engine in this area that is directly responsible for the creation of 12,069 jobs according to GHA's latest report," said Dr. Saunders. "We are most appreciative of the elected officials who continue to pursue and support our efforts to protect our healthcare system and preserve access to healthcare for every resident of central Georgia."
About Atrium Health Navicent
Atrium Health Navicent was incorporated on November 17, 1994, as a nonprofit corporation whose primary purpose is to coordinate The Medical Center, Navicent Health and other affiliated entities in their mission of providing a comprehensive continuum of high quality, reasonably priced healthcare services to the region. Atrium Health Navicent has 970 beds for medical, surgical, rehabilitation and hospice purposes. The health system includes The Medical Center, Navicent Health, a nationally recognized tertiary teaching hospital; Atrium Health Navicent Beverly Knight Olson Children's Hospital, the region's only dedicated pediatric hospital; Atrium Health Navicent Baldwin and Medical Center of Peach County, Atrium Health Navicent, both rural hospitals; Rehabilitation Hospital, Atrium Health Navicent, the region's oldest and most experienced rehabilitation provider; Pine Pointe, Atrium Health Navicent, which provides palliative and hospice care in homes and in its facility; Carlyle Place, Atrium Health Navicent, the area's first continuing care retirement community; Navicent Health Foundation, the philanthropic arm of Atrium Health Navicent; as well as diagnostic and home care services. For more information, please visit www.navicenthealth.org.