Columbus Community Hospital has Positive Impact on City’s Fiscal HealthNov 13, 2021 08:32AM ● By Med Magazine
Columbus Community Hospital (CCH) does more than provide health care services in Columbus — it also has a positive economic impact on the community’s overall fiscal health. Through a combination of traditional health care services, fitness and wellness programs, telehealth technology and community partnerships, CCH’s commitment to health extends far beyond the hospital walls.
A recent analysis by the Heartland Health Alliance breaks down CCH’s economic impact through its:
· Direct Impact: The direct impact CCH has on the state of Nebraska through its services, including the jobs and taxes it generates and its net revenue.
· Indirect Impact: The impact CCH has on jobs and wages created in other (downstream) industries that support CCH’s operations, such as contractors, linen services, hotels, etc.
· Induced Impact: The impact CCH’s direct and downstream employees have in the community based on their spending at local restaurants, in real estate and insurance, etc.
The analysis found that in the area of direct impact, CCH provided approximately 684 jobs and generated more than $115 million in revenue, which resulted in more than $2.1 million in state and local taxes in 2021.
In the area of indirect impact, the hospital also provided more than 315 jobs and created more than $53 million in downstream business, such as contractors, linen services and visitor spending at restaurants and hotels.
In the area of induced impact, CCH proved more than 389 jobs and created more than $58 million in revenue, which resulted in more than $3 million in state and local taxes.
All three of the impact areas are combined to create the hospital’s total impact, which includes providing more than 1,390 jobs, creating approximately $228 million in revenue and generating more than $6.8 million in state and local taxes.
For more information on how CCH helps the community, visit columbushosp.org.