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2012 Economic Impact

Elbert Memorial Hospital generates approximately $26 million for local and state economy

In 2012, Elbert Memorial Hospital generated an estimated $25,970,275 in revenue for the local and state economy, according to a recent report by the Georgia Hospital Association, the state's largest hospital trade association. The report also found that during the same year, EMH provided approximately $1,425,279 in uncompensated care while sustaining more than 295 full-time jobs throughout Elbert County and Georgia.

The report revealed that EMH had direct expenditures of $11,367,537 in 2012. When combined with an economic multiplier developed by the U.S. Chamber of Commerce's Bureau of Economic Analysis, the total economic impact of those expenditures was $25,970,275. The 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.

"This new report shows that, as the state's economy continued its slow rebound from years of economic downturn, Elbert Memorial Hospital maintained an enormous positive impact on our local economy," said Jim Yarborough, CEO of Elbert Memorial Hospital. "We are so appreciative for the Elbert County community's unwavering support of our local hospital and will continue to work hard to ensure that the residents of this area have access to the best and safest health care services available."

While EMH remains a major component of the area's economic engine, the hospital's leadership, like the rest of the Georgia hospital community, is concerned about a wide array of economic challenges that have made it increasingly difficult to meet the community's health care needs, including continued cuts in Medicare and Medicaid payments and a fast-growing uninsured population. Presently, 42 percent of all hospitals in Georgia are operating with negative margins,"

"We're extremely concerned about the current operating environment for hospitals," said Yarborough. "We've made a commitment to every citizen of this community to be available for them 24 hours a day, 365 days a year. However, our ability to do so is being compromised when a growing number of our patients are either uninsured or severely underinsured."

According to Yarborough, state lawmakers must work to protect the state's health care system with the same fervor that they do other initiatives like education, law enforcement and public utilities.

"Our local health care system is indispensable," Yarborough said. "It is not only the primary guardian of health in our community, but it is a major economic engine in this area that is responsible for 295 jobs. It is our hope that our elected lawmakers will do whatever is necessary to protect our local health care system and preserve access to health care for every resident of Elbert County and throughout the state of Georgia."

© Copyright 2009 Elberton Memorial Hospital. Joint Commission Information.