It’s Hospital Week – a must read for anyone in the GVMH Service Area

It’s Hospital Week so let’s look at the value a hospital provides to its community.  Any community with a hospital is better off than a community that doesn’t have one.  Local access to health care helps all of us sleep better at night.  Beyond the benefit of health care let’s look at the economic benefit of a hospital to a local community.

Let’s look at GVMH’s fiscal contribution to our community.  GVMH employs around 640 people and has an annual payroll of around $27 million which means GVMH feeds, houses and clothes a significant portion of the local population.  A high percentage of the salary paid to GVMH staff is spent with local businesses and on local services.  Take $27 million out of circulation in Clinton and the surrounding area and the economy is very different.  GVMH also provides health, dental and life insurance to almost 3,000 citizens in our community. 

With some help from the Missouri Hospital Association I was able to put together the following figures on GVMH’s Community Impact.

GVMH’s employment impact on the area is 915 jobs.  Every hospital job creates an additional 0.43 jobs in the local community. 

GVMH’s value added economic productivity from construction and capital investment to the local area in 2011 was $7,105,369.  For every dollar spent on construction and capital equipment an additional $0.68 in added value is contributed to the community.

The value of saving and improving lives in our community is a contribution that can’t be measured in dollars and sense.  So take a second this week to be thankful for our local hospital.

Take a second to be thankful for the contribution GVMH makes to our community in terms of providing “exceptional health and wellness services” and in dollars and cents!

Mission: To provide exceptional health and wellness services with friendliness and compassion.

Vision: To make a positive difference in the health and wellness of each life we touch.

About Craig Thompson

I am a young professional with two great sons, and I work in the healthcare setting. I am employed in hospital administration and serve as Chief Operating Officer at Golden Valley Memorial Healthcare in Clinton, Missouri. These are challenging and exciting times in healthcare and my blog will focus on healthcare, raising boys or being raised by boys, and living in mid America.
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