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Geisinger annual economic impact increases to $7.4 billion

DANVILLE, Pa. – Geisinger Health System annually contributes more than $7.4 billion to the local, regional and state economy, according to a new report by The Hospital and Healthsystem Association of Pennsylvania (HAP). As a major employer of more than 21,000 people and through the ripple effect utilization of Pennsylvania suppliers and other businesses, Geisinger Health System also supports more than 36,664 jobs in the Commonwealth.

“Geisinger plays a significant role in elevating the health, economic and social well-being of the communities we serve,” said Geisinger Health System Executive Vice President and Chief Operating Officer Frank J. Trembulak. “This new report by the Hospital and Healthsystem Association is evidence of Geisinger’s position as a major employer and economic driver.”

During 2012, Pennsylvania hospitals and health systems supported nearly 592,000 jobs (approximately one out of every ten jobs) and had a total economic impact of nearly $104 billion, approximately $6 billion more than during 2011.

“We remain focused on improving the quality of life for the people of central and northeast Pennsylvania and providing healthcare services close to where our patients and members live and work,” said Trembulak. “Our growth leads to increased economic impact, which is good news for everyone in the region.”

“Pennsylvania’s hospitals and health systems are going through significant transitions as they redesign care delivery to focus on enhancing patient quality and satisfaction, community health, and reduce per capita cost,” said HAP President and CEO Andy Carter. “Pennsylvania’s hospitals are absorbing an additional $1.4 billion in Medicare cuts as a result of the federal sequestration cuts. They can’t make the delivery system changes that are needed and remain viable economic drivers if their payments are cut again and again.”

About Geisinger

Geisinger Health System is an integrated health services organization widely recognized for its innovative use of the electronic health record, and the development of innovative care models such as ProvenHealth Navigator® and ProvenCare®. As one of the nation’s largest rural health services organizations, Geisinger serves more than 2.6 million residents throughout 44 counties in central and northeastern Pennsylvania. The physician-led system is comprised of more than 21,000 employees, including a 1,100-member multi-specialty group practice, eight hospital campuses, two research centers and a 467,000-member health plan, all of which leverage an estimated $7.4 billion positive impact on the Pennsylvania economy. The health system and the health plan have repeatedly garnered national accolades for integration, quality and service. In addition to fulfilling its patient care mission, Geisinger has a long-standing commitment to medical education, research and community service. For more information, visit www.geisinger.org, or follow the latest Geisinger news and more on Twitter and Facebook. 

About HAP

HAP is a statewide membership services organization that advocates for nearly 240 Pennsylvania acute and specialty care, primary care, subacute care, long-term care, home health, and hospice providers, as well as the patients and communities they serve. Additional information about HAP is available online at www.haponline.org.