Baptist Memorial Health Care is an award-winning network dedicated to providing compassionate, high-quality care for patients.
Baptist Memorial Health Care operates 14 hospitals in West Tennessee, North Mississippi, and Northeast Arkansas. With more than 2,600 licensed beds, Baptist employs in excess of 12,000 full-time equivalent employees. While serving the medical needs of its catchment area is Baptist’s primary duty, Baptist also plays a significant role in local economies.
The impact of over 100 years of service to Memphis, Tennessee, and the surrounding communities places Baptist Memorial Health Care among the largest and most important organizations in the history of the Mid-South.
Memphis and other Mid-South communities could not have grown and prospered without the health care services provided by Baptist. Likewise, Baptist would not be a successful organization without the economic and demographic growth of the communities it serves. Baptist Memorial hospitals are an important part of the economic and social structure of every community they serve.
According to the Sparks Bureau of Business and Economic Research at the University of Memphis, the fiscal year 2012 (FY2012) combined economic impact of Baptist was estimated at a total production of goods and services (output) value of more than $2.6 billion; total salaries, wages, and benefits of $1.1 billion in labor income; 21,263 full- and part-time jobs both in the hospital and local communities; and state and local taxes as result of annual operations of $89.0 million.
The economic impact of Baptist extends beyond hospital campuses. The hospital industry is the industry that benefited the most, but other industries also benefited from Baptist’s day-to-day operations in FY2012. This occurred as Baptist, contractors, and employees bought supplies and spent their earnings throughout the local area as a result of the hospital’s day-to-day operations.
According to the Sparks Bureau of Business and Economic Research at the University of Memphis, the fiscal year 2012 (FY2012) combined economic impact of BMHCH was estimated at a total production of goods and services (output) value of more than $2.6 billion; total salaries, wages, and benefits of $1.1 billion; 21,263 full- and part-time jobs; and state and local taxes of $89.0 million.
The combined economic impact of BMHCC was estimated at a total production of goods and services (output) value for the fiscal year 2012.
generated in state and local taxes
The economic impact of Baptist extends beyond hospital campuses. Obviously, the hospital industry is the industry that benefited the most, but other industries also benefited from Baptist’s normal operations in FY2012. This occurred as Baptist, contractors, and employees bought supplies and spent their earnings throughout the local area as a result of the hospital’s day-to-day operations.
Each hospital affiliated with the Baptist system impacted its local and regional economies in various ways. The output impact is the value of goods and services produced, resulting in each facilities' normal operations in FY2012. The labor income impact is the total of salaries, wages, and benefits from each hospital employee and the business garnered by hospital employees. The employment impact accounts for full- and part-time workers. The tax revenue impact is the total of taxes and government revenues generated by the earning of businesses supplying Baptist, employee income, and employee expenditures of both hospital suppliers and the hospital as well. Click on the map to see each hospital’s impact.
The report was prepared by Sparks Bureau of Business and Economic Research Center for Manpower Studies Fogelman at the College of Business & Economics at The University of Memphis
The economic impacts described in this report were derived from Baptist's total net revenues from direct operations during fiscal year 2012 (FY2012) using the IMPLAN© statistical model. In the course of normal operations, Baptist spends these revenues on a wide variety of goods and services, including medical supplies, wages and benefits, contract labor, repairs and maintenance, food services, and non-medical supplies and services. Subsequently, both Baptist employees and employees and owners of Baptist suppliers spend incomes derived via business or employment with Baptist across all spectrums of the local economy.
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