Report shows economic impact of Munster hospital
A local, for-profit hospital contributed 240 jobs and a total economic impact of more than $44.8 million in 2009, according to an economic vitality report released Tuesday.
Franciscan Physicians Hospital, 701 Superior Ave., is a 63-bed facility partially owned by physicians and partially owned by the Franciscan Alliance Northern Indiana Region, formerly known as the Sisters of St. Francis Health Services. The report released by the hospital Tuesday was created by the Indiana Hospital Association, said hospital spokesman Andrew Mullins.
“Being in such a competitive area, we wanted to show, aside from our medical services, what our impact is,” he said.
According to the report, the hospital employs 169 health care professionals, who earn $11 million. Its total payroll is $18.4 million. Spending by hospital employees supported an additional 111 jobs in the community, according to the report.
The hospital paid $588,429 in real estate taxes in 2009 and spent $1.4 million on buildings and equipment, the report said.
Mullins said it’s important for the impact of the hospital to be disclosed because funding is an important piece of the health care puzzle. The report urges state legislators, members of Congress and community leaders to see the role the hospital plays in community for the continued investment in state health care dollars. He said if hospitals don’t follow the guidelines of health care reform legislation, they won’t be reimbursed, and reimbursement affects the work the hospital does.