March 18, 2016
In 2014, Eastside Medical Center in Snellville generated more than $371.5 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 time period, Eastside provided approximately $18.5 million in uncompensated care while sustaining more than 2,734 full-time jobs throughout Snellville and the rest of the state.
The report revealed that Eastside had direct expenditures of more than $162.6 million in 2014. When combined with an economic multiplier developed by the United States Department of Commerce’s Bureau of Economic Analysis, the total economic impact of those expenditures was more than $371.5 million. This output multiplier considers the “ripple” 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.
“While Eastside Medical Center is well known for its role in meeting the healthcare needs of the residents of Snellville and surrounding communities, it also plays an integral role in protecting our area’s economic health,” said Trent Lind, CEO of Eastside. “We are so appreciative of Gwinnett County’s unwavering 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 healthcare services available.”
Learn more about career opportunities and services provided at Eastside Medical Center by visiting EastsideMedical.com.