UHCS generates nearly $1 billion for state, local economy

AUGUSTA, GA, April 17, 2017 – University Health Care System generated more than $955 million in revenue for the local and state economy in 2015, according to a recent report by the Georgia Hospital Association, the state’s largest hospital trade association. The report also noted that University Health Care System provided nearly $34 million in uncompensated care while sustaining more than 6,000 fulltime jobs throughout Augusta and the rest of the state.

The GHA report noted that University Health Care System, which includes University Hospital and University Hospital McDuffie, had direct expenditures of more than $415 million in 2015. Combined with an economic multiplier developed by the US Department of Commerce’s Bureau of Economic Analysis, the total economic impact of those expenditures was more than $955 million. The multiplier considers the “ripple” effect of the hospital’s 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.

“University Health Care System is proud to be an economic force in our community,” said James Davis, president and CEO of University Health Care System. “More importantly, we are proud to be a mission driven health system dedicated to providing high quality care to improve the health of those we serve.  University also understands the high cost of care, and we work very hard to keep our costs as low as possible to help make care affordable in our region.”

University Health Care System has invested millions of dollars in the past three years to open new Primary Care and Prompt Care access points in Evans, North Augusta and Aiken, Mr. Davis explained. “As Augusta's only locally owned not-for-profit hospital, University reinvests all revenue in excess of expenses back into the hospital and satellite facilities to ensure all residents have access to the latest technology. We are easily one of the best equipped health systems in the state.”

University Hospital recently initiated a $30 million, three-year reconstruction project to expand and renovate its Emergency Department, a facility initially designed to care for 50,000 patients a year, yet hit a record high of 85,000 patients in 2016.

“We have been named the Consumer's Choice Hospital for Overall Quality and Image for 18 consecutive years, so the community recognizes our dedication,” Mr. Davis said. “That's all the motivation we need to give it our all every day. I am proud to be a part of a mission-driven organization like University that has provided care to this community for almost 200 years.”