(O’FALLON, IL) – HSHS St. Elizabeth’s 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, St. Elizabeth’s employs 1059 full-time equivalent (FTE) health care professionals, resulting in 1391 additional jobs for the community, and generates a total annual impact of $451,740,636 on the local and state economies.
The report, HSHS St. Elizabeth’s 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 Patti Fischer, Interim President and CEO of St. Elizabeth’s Hospital. “By employing highly skilled health care professionals and spurring more economic activity through our spending on goods, services and capital improvements such as the construction of our new $300 million facility and health center, St. Elizabeth’s has a critical role in the local and state economies.”
“To continue to retain and create jobs, attract businesses to our community, and provide access to high-quality health care services, Illinois hospitals must have the funding support they need to remain fiscally sound,” said Fischer.
Among the report’s key findings:
St. Elizabeth’s employs 1059 FTE health care professionals, expending $73,898,397 a year on payroll, creating an additional 1391 jobs for the local economy and generating approximately $176,905,373 in economic activity in the community.
St. Elizabeth’s Hospital spends $95,167,040 on goods and services, resulting in $227,820,377 in economic activity in the local and state economies.
St. Elizabeth’s also invests $19,639,453 in capital improvements to enhance and update facilities and major medical equipment, generating $47,014,887 in economic activity for the local and state economies.
St. Elizabeth’s Hospital has a total annual economic impact of $451,740,636.
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 St. Elizabeth’s 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), St. Elizabeth’s provided over $23 million in Community Support through benefits to those who are uninsured/underinsured and for community health services. Included in this amount was $3.4 million provided for Charity Care at cost and $17.8 million 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. To check out an example of how St. Elizabeth’s has supported the local community by providing expectant mothers in need with baby supplies through the annual Bundles For Babies Community Baby Shower event, check out https://www.team-iha.org/finance/community-benefits/hospital-stories#tabs-horizontal2.
“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 St. Elizabeth’s, download the HSHS Southern Illinois Division Annual Report/Community Benefit Report by visiting the hospital’s Web site at steliz.org and clicking on “Publications and Forms” at the bottom of the home page. HSHS St. Elizabeth’s Hospital is part of the Southern Illinois Division of Hospital Sisters Health System, which also includes HSHS St. Anthonoy’s Memorial Hospital in O’Fallon, HSHS St. Joseph’s Hospital in Breese, HSHS Holy Family Hospital in Greenville, and HSHS St. Joseph’s Hospital in Highland.
The Illinois Health and Hospital Association, with offices in Chicago, Naperville, Springfield and Washington, D.C., advocates for Illinois’ more than 200 hospitals and nearly 50 health systems as they serve their patients and communities. IHA members provide a broad range of services—not just within their walls, but across the continuum of healthcare and in their communities. Reflecting the diversity of the state, IHA members consist of nonprofit, investor-owned and public hospitals in the following categories: community, safety net, rural, critical access, specialty and teaching hospitals, including academic medical centers. For more information, see team-iha.org. Like IHA on Facebook. Follow IHA on Twitter.