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Piedmont Newnan Hospital generates $220 million for local, state economy | Business

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Piedmont Newnan Hospital generates $220 million for local, state economy
Business, Health, News
Piedmont Newnan Hospital generates $220 million for local, state economy

NEWNAN, Ga. – In 2012, Piedmont Newnan Hospital generated nearly $220 million 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 period, Piedmont Newnan Hospital provided approximately $10 million in uncompensated care while sustaining 1,754 full-time jobs throughout Newnan and the rest of the state.

The report revealed that Piedmont Newnan Hospital had direct expenditures of more than $96 million in 2012. When combined with the economic multiplier developed by the United States Department of Commerce’s Bureau of Economic Analysis, the total economic impact of those expenditures was nearly $220 million. This output multiplier considers the “rippled” 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, Piedmont Newnan Hospital maintained an enormous positive impact in our local economy,” said Mike Robertson, CEO of Piedmont Newnan Hospital. “We are so appreciative for the Coweta County community’s growing support of their 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 Piedmont Newnan Hospital 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 such as cuts in Medicare and Medicaid payments and a fast-growing uninsured population.

“We’re extremely concerned about the current operating environment for hospitals. However, we’ve made a commitment to every citizen of this community to be on call for them 24 hours a day, 365 days a year.” said Robertson. “Our local health care system is indispensable. 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 more than 1,700 jobs.”

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