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2/16/2016

HSHS St. Mary's Hospital Economic Impact


HSHS ST. MARY’S HOSPITAL GENERATES $295,057,002 
ANNUAL IMPACT ON LOCAL AND STATE ECONOMIES

(DECATUR, IL)—HSHS St. Mary’s Hospital is a critical contributor to the local and state economies, providing steady job growth while improving the health of the residents and communities we serve. According to a new report, St. Mary’s Hospital employs 1,026 people and 795 full-time equivalent (FTEs) positions, creating an additional 1,147 jobs for the local and state economy. The hospital also generates a total annual impact of $295,057,002 on the local and state economy.

The report, HSHS St. Mary’s Hospital: Our Impact on the Economy, was developed in conjunction with the Illinois Health and Hospital Association and its statewide economic impact report, Illinois Hospitals and Health Systems $88.8 Billion State Economic Impact.

“HSHS St. Mary’s Hospital plays a vital role in supporting and strengthening the economy of our community and the state, contributing to the vitality of economic growth,” said Dan Perryman, President and CEO. “By employing highly skilled health care professionals and spurring more economic activity through our spending on goods, services and capital improvements, St. Mary’s Hospital is a key cornerstone of the local and state economies.”

“To continue to retain and create jobs, attract businesses to our community and provide access to high-quality healthcare services, it is critical that Illinois’ hospitals have the funding support they need to remain fiscally healthy,” said Perryman.

Among the report’s key findings:
  • HSHS St. Mary’s Hospital employs 795 FTEs, expending $50,706,870 a year on payroll, creating an additional 1,147 jobs for the local economy and generating approximately $122,142,710 in economic activity in the community.
  • HSHS St. Mary’s Hospital spends $66,846,390 on goods and services resulting in $161,019,591 in economic activity in the local and state economies.
  • HSHS St. Mary’s Hospital invests $4,938,020 in capital improvements to enhance and update facilities and major medical equipment, generating $11,894,700 in economic activity for the local and state economies.
  • HSHS St. Mary’s Hospital has a total annual economic impact of $295,057,002.
In addition, the report noted key economic impacts of Illinois hospitals statewide:
  • Illinois has a total impact of $88.8 billion annually on the state’s economy.
  • Healthcare employment has grown by 26 percent (127,600 jobs) between 2000 and 2015.
In contrast, overall Illinois employment declined 1.5 percent (89,900 jobs).
  • For every hospital job in Illinois, nearly 1.5 jobs are created in other sectors.
  • For every dollar hospitals and health systems spend, an additional $1.41 is generated in state and local economies.
“Every day, our hospitals and health systems provide care to improve the health Illinois residents and community,” says IHA President & CEO A.J. Wilhelmi. “They also play a critical role in sustaining a healthy state economy and the local economies in the communities they serve.”

“To continue this important work, our hospitals and health systems need the support of elected officials at the state and federal level. Illinois residents deserve to have quality healthcare and to live in economically thriving communities. For hospitals to continue to achieve these goals, they cannot sustain further cuts at the state and federal levels,” Wilhelmi added. 

IHA’s statewide report is available on IHA’s website, www.ihatoday.org.


Media Contacts

Andrew Dilbeck
Marketing Specialist
217-464-5610
Andrew.Dilbeck@hshs.org

Marketing & Communications Department
217-464-2510