CARTERSVILLE, GA; August 21, 2013 – In 2011 Cartersville Medical Center in Cartersville generated more than $201.7 million in revenue for the local and state economy according to a recent report by the Georgia Hospital Association, the state’s largest hospital trade association. The report also found that, during the same time period, Cartersville Medical Center provided approximately $10.5 million in uncompensated care while sustaining more than 1,200 full-time jobs throughout Bartow County and the rest of the state.
The report revealed that Cartersville Medical Center had direct expenditures of more than $88 million in 2011. When combined with the an economic multiplier developed by the United States Department of Commerce’s Bureau of Economic Analysis, the total economic impact of those expenditures was more than $201 million. This output multiplier considers the “ripple” effect of direct hospital 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.