An economic impact statement describes the value of a hospital (or any organization) to the community. It tells, in part, the story of how wages and benefits the hospital pays its employees - as well as money it pays to vendors for services and products -- gets translated into purchases by employees and vendors,when they buy gasoline, groceries, homes, and other products and services from shops and stores in the larger community. Those shops and stores make purchases, pay taxes, and hire employees. This helps the economy of the community. If a hospital cuts employees or closes, the community will suffer economically. The greater the economic impact, the greater the value of the hospital in the eyes of the community.
Metromark has been doing surveys, strategic analysis, and economic impact statements for hospitals and businesses since 1979. The result of community surveys, keeping in touch with your customers, is improvement in support from the community. Improved usage of hospital services by insured patients. Improved support for hospital foundations.
For more information on how Metromark can help improve your hospital, email us or call 803-256-8694