Calculating the economic impact of healthcare facilities on communities.
A methodology has been developed to calculate the direct, indirect, and induced spending effects of a healthcare facility on the community it serves. This methodology may be used by financial managers to produce data that demonstrate the effect of facilities on local economies. The data may be used by administrators to increase awareness of the pivotal economic role healthcare facilities play in communities among business and government leaders, economic development organizations, medical staff members, facility employees, trustees, and patients.
McDermott
R E
RE
Weber State University, Bountiful, UT.
Parsons
R J
RJ
Cornia
G
G
D000066:Accounting / Q000379:methods*; D002201:Capital Expenditures / Q000706:statistics & numerical data; D003159:Community-Institutional Relations / Q000191:economics*; D005069:Evaluation Studies as Topic; D005377:Financial Management, Hospital / Q000379:methods*; D005568:Forms and Records Control; D007182:Income / Q000706:statistics & numerical data; D012456:Salaries and Fringe Benefits / Q000706:statistics & numerical data; D014481:United States