HSHS St. Joseph’s Hospital in Highland (SJH) generates a total annual impact of $187,522,593 on the local and state economy, according to a report developed by the SJH in conjunction with the Illinois Health and Hospital Association (IHA).
According to a the report, which is titled, “HSHS St. Joseph’s Hospital: Our Impact on the Economy,” St. Joseph’s employs 270 people, resulting in 296 additional jobs for the community.
The report also says Illinois hospitals and health systems contribute $88.8 billion state of economic impact to the state’s overall economy.
“St. Joseph’s Hospital plays a vital role in supporting and strengthening the economy of our community and the state, contributing to the vitality of economic growth,” said Elizabeth Govero, interim president and CEO of St. Joseph’s Highland. “By employing highly skilled healthcare professionals and spurring more economic activity through our spending on goods, services and capital improvements, St. Joseph’s Hospital is a key cornerstone of the local and state economies.
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“To continue to retain and create jobs, attract businesses to our community, and provide access to high-quality healthcare services, it is critical that Illinois’ hospitals have the funding support they need to remain fiscally healthy.”
According to the report, healthcare employment has grown by 26 percent (127,600 jobs) between 2000 and 2015. In contrast, overall Illinois employment declined 1.5 percent (89,900 jobs). For every hospital job in Illinois, nearly 1.5 jobs are created in other sectors. For every dollar hospitals and health systems spend, an additional $1.41 is generated in state and local economies.
“Every day, our hospitals and health systems provide care to improve the health Illinois residents and community,” said IHA president and CEO A.J. Wilhelmi. “They also play a critical role in sustaining a healthy state economy and the local economies in the communities they serve.
“To continue this important work, our hospitals and health systems need the support of elected officials at the state and federal level. Illinois residents deserve to have quality healthcare and to live in economically thriving communities. For hospitals to continue to achieve these goals, they cannot sustain further cuts at the state and federal levels.”
A similar report was developed for St. Joseph’s Hospital in Breese. It stated that St. Joesph’s-Breese employs 312 (full-time equivalent employees (FTEs), resulting in 450 additional jobs for the community, and generates a total annual impact of $104,291,585 the local and state economy.
IHA’s statewide report is available on IHA’s website, www.ihatoday.org.
Report’s other key findings
▪ St. Joseph’s Highland employs 270 people, expending $17,254,791 a year on payroll, creating an additional 296 jobs for the local economy, and generating approximately $31,557,340 in economic activity in the community.
▪ St. Joseph’s Highland spends $16,186,920 on goods and services, resulting in $38,991,050 in economic activity in the local and state economies.
▪ St. Joseph’s Highland invests $48,573,650 in capital improvements to enhance and update facilities and major medical equipment, generating $117,004,210 in economic activity for the local and state economies.