First, we are proud of the high quality, efficient health care we provide to our community. Our hospital stands ready to care for you with open doors 24 hours a day, seven days a week, 365 days a year. Every year, we serve thousands of individuals and endeavor to keep our community healthy, strong, and vibrant. This record of service is, and will always be, our most valuable contribution to the community.
Less often recognized is the hospital's contribution to the local economy, such as the people it employs and the impact of it's spending. Franciscan Physicians Hosiptal plays a vital role in the economic vitality of the community. It is a major source of employment and purchaser of goods and services, while providing health care that allows people to be productive citizens.
Franciscan Physicians Hospital:
- Provides well-paying consistent employment
- Stimulates the local economy with the purchases of goods and services
- Improves infrastructure with capital expenditures and physical improvements
- Pays real estate taxes
- Makes donations to local charities
- Contributes over $6 million annually in Social Accountability and Outreach Programs
- Works with neighborhood civic and cultural groups
- Ensures safety during an emergency or disaster
- Attracts visitors to the area, including vendors, patients, physicians, and students who utilize services in the community
We think it is important to recognize the role our hospital plays in supporting the local and state economies. Our resolution for the approaching year is to continue growing, keep families healthy, improve quality of life, and continue to be a stable economic anchor working hand in hand with our community.
Franciscan Physicians Hospital's Economic Benefits (2009) are determined by the Indiana Hospital Association. They are:
Jobs provided: 240
Economic Impact:
Supply Purchases: $23,975,000
Capital Spending: $2,456.000
Total Impact: $44,860,000
Employment: 169
Total Payroll: $11,048,000
Money spent by employees on groceries, clothing, mortgage, rent, and other expenses: $18,429,000
FPH annual spending: $14,373,000
In 2009, FPH spent $1,472,000 on buildings and equipment
Capital spending at FPH generates approximately $2,456,000 for the local economy.
In 2009, FPH spent $241,971 on renovation and landscaping, all contracted locally.
2009 Hospital Stats:
Inpatients: 895
Outpatients: 7,276
(All numbers based on 2009 estimates by the Indiana Hospital Association).
As you can see, hospitals provide much more economic vitality to the local community than meets the eye. Franciscan Physicians Hospital offers these figures to provide awareness of how much they influence the community and surrounding areas. For more information and our complete online health library, visit: http://www.franciscanphysicians.org/Index.aspx?tabindex=0&tabid=1.
