A new report shows Magnolia Regional Medical Center as an
economic leader for Columbia County, directly and indirectly employing 243 people and generating $31,946,000 annually
in economic activity, which percolates throughout communities and the entire
area.
According
to a new study, WHAT’S AT STAKE, released
today by Magnolia Regional Medical Center and the Arkansas Hospital Association, the clout comes not just from the
hospital’s role as an employer and major purchaser, but also from the “ripple”
effect of related dollars as they move through local cities, towns and
communities.
Magnolia Regional Medical Center directly employs 243 healthcare professionals, technicians and support workers in the area. They
contributed payrolls in 2010 totaling $22,232,000. Those payrolls then served as an
important economic catalyst, indirectly supporting another 230 jobs – and $22,232,000 in earnings – through hospital employees’ personal purchases
of groceries, clothing, cars, appliances, houses and many other goods and
services by hospital employees.
The hospital also spent about $9,714,000 in 2010 (the latest year for which this
figure is available) on the supplies and services needed for the
day-to-day necessities to provide healthcare—for example, liability and
healthcare insurance, electricity for buildings, and bandages, food and other
supplies for patients.
