HSHS Holy Family Hospital is a key 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, HSHS Holy Family Hospital employs 228 full-time equivalent (FTE) health care professionals, resulting in 300 additional jobs for the community, and generates a total annual impact of $75,880,839 on the local and state economies.
The report, HSHS Holy Family Hospital: Our Impact on the Economy, was developed in conjunction with the Illinois Health and Hospital Association (IHA) and its statewide economic impact report, Illinois Hospitals and Health Systems $95.3 Billion State Economic Impact.
“We are proud to serve our community by both providing essential health care services and strengthening our local economy and the state economy,” said Brian Nall, President and CEO of HSHS Holy Family Hospital. “Holy Family plays a critical role in the local and state economies by employing highly skilled health care professionals and spurring more economic activity through our spending on goods, services and capital improvements, such as updating the hospital’s fire protection system as well as the plumbing, HVAC and electrical systems.”
“As we navigate through changes in healthcare and a shortage in workforce, it is important that Illinois hospitals have the funding support needed to remain fiscally sound to continue to retain and create jobs, attract businesses to our community, and provide access to high-quality health care services,” said Nall
Among the report’s key findings:
HSHS Holy Family Hospital employs 228 FTE health care professionals, expending $14,242,549 a year on payroll, creating an additional 300 jobs for the local economy and generating approximately $34,095,238 in economic activity in the community.
HSHS Holy Family Hospital spends $15,506,654 on goods and services, resulting in $37,121,379 in economic activity in the local and state economies.
HSHS Holy Family Hospital invests $1,948,378 in capital improvements to enhance and update facilities and major medical equipment, generating $4,664,222 in economic activity for the local and state economies.
HSHS Holy Family Hospital has a total annual economic impact of $75,880,839.
HSHS Holy Family Hospital continually takes steps to boost the local economy and advance health care services offered to the residents of this region. For example, we expanded our partnership over the past year with Prairie Heart Institute of Illinois. This expansion allows people with cardiovascular issues to continue seeing a local cardiologist while having the support of advanced cardiac care through Prairie Heart Institute.
In addition, the report identifies the economic impacts of Illinois hospitals statewide:
Illinois hospitals and health systems have a total impact of $95.3 billion annually on the state’s economy.
Health care employment has grown by 30 percent between 2000 and 2017 while overall Illinois employment has remained relatively flat.
For every hospital job in Illinois, 1.3 jobs are created in other sectors.
For every dollar hospitals and health systems spend, an additional $1.40 is generated in state and local economies.
Besides the positive impact HSHS Holy Family Hospital has on the local economies, the hospital provides enormous benefits to the community which increases access to care for the underserved, enhances health and wellness in the community, and advances medical education and knowledge. During the last fiscal year (July 1, 2016-June 30, 2017), HSHS Holy Family Hospital provided over $1.8 million in Community Support through benefits to those who are uninsured/underinsured and for community health services. Included in this amount was $280,000 provided for Charity Care at cost and $914,800 for unreimbursed care provided under the Medicaid program and other public programs. The remaining amount of Community Benefit funds were invested in areas such as research, education for health professionals, and other community health services.
“Illinois hospitals and health systems serve their communities in so many ways. They provide needed health care around the clock, they strengthen local economies and employ local residents, and they lead and fund initiatives to improve individual and population health,” said IHA President and CEO A.J. Wilhelmi. “Their role is vital and truly irreplaceable in communities across the state.”
“Illinois hospitals and health systems count on the support of elected officials at the state and federal levels. 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, “Illinois Hospitals and Health Systems $95.3 billion State Economic Impact” is available on IHA’s web site, team-iha.org. For more information about HSHS Holy Family Hospital, download the HSHS Southern Illinois Division Annual Report/Community Benefit Report by visiting the hospital’s web site at hshsholyfamily.org and clicking on “Publications and Forms” at the bottom of the home page HSHS Holy Family Hospital is part of the Southern Illinois Division of Hospital Sisters Health System, which also includes HSHS St. Elizabeth’s Hospital in O’Fallon, HSHS St. Anthony’s Memorial Hospital in Effingham, HSHS St. Joseph’s Hospital in Breese, and HSHS St. Joseph’s Hospital in Highland.