Elbert Memorial Hospital generates a substantial amount of revenue for the local and state economy.
According to a report by the Georgia Hospital Association, the state’s largest hospital trade association, Elbert Memorial generated $27.9 million in revenue for the Elbert County and Georgia economies for Fiscal Year 2011.
Elbert Memorial CEO Jim Yarborough explains some of the economic impact.
“If you really think about it we’re a larger employer, we’re probably the 3rd or 4th largest employer in the county. Everybody that works, most of us live in the area, shop in the area, we use local services, businesses, hardware some of the other contractor groups and so forth” says Yarborough.
The report also found out that, during the same year, Elbert Memorial provided nearly $1.3 million in uncompensated care, while sustaining an estimated 295 jobs in Elbert County and the rest of the state.
Yarborough mentions that the hospital can have other economic implications throughout the county.
“Hospital services are very critical, but also become very critical when it comes time to attract new businesses and industry. Often times an industry that’s looking to relocate a company they want to know about he school systems, they want to know about the quality of life is in the community, they also want to know what there source of healthcare is, how close they are to hospitals, what kind of doctors you have in the community, those are all important parts” says Yarborough.
He says one thing that has stuck with him is the tremendous show of support for Elbert Memorial from the local community.
“There is a lot to be proud to be part of the community. We really appreciate all the support that we get from all the community as you know in the past the citizens of Elbert County have stepped up and supported our hospital and we’re doing everything we can do to try to show the gratitude that we have for their support” says Yarborough.
According to a press release from the hospital, more than a third of all hospitals in Georgia are operating with negative margins, but Yarborough says despite that statistic that Elbert Memorial will continue to work hard to ensure that the community has access to health care services that are second to none.