|[January 02, 2013]
Bingham Memorial Hospital Announces Results of Economic Impact Study
BLACKFOOT, Idaho --(Business Wire)--
Bingham Memorial Hospital today announced the results of an independent
study, commissioned by Bingham Memorial Hospital in 2012 to determine
the economic impact of the hospital on the surrounding area. Conducted
by Richard Gardner, Ph.D. of Boot Strap Solutions and Thomas Harris,
Ph.D. from the University of Nevada - Reno, the study measured the
economic impact of Bingham Memorial Hospital on Bingham, Bonneville, and
Bannock counties. Among other things, the study concluded Bingham
Memorial Hospital's total economic impact for the region was
$557,850,000 million during the years 1999-2011.
"We are proud of the services and employment Bingham Memorial Hospital
is able to offer the residents of east Idaho," said Louis Kraml, chief
executive officer, Bingham Memorial Hospital. "Our world class
physicians, state of the art facilities and devoted team at Bingham
allow us to deliver outstanding healthcare and services. I am grateful
the hospital is a strong economic driver providing benefits to our local
counties during these tough economic times."
Study highlights include:
In 2011, BMH's economic impact for the region accounted for:
$64.1 million in labor income
$89.4 million in total economic impact
BMH is the 5th largest employer in Bingham County
BMH's average payroll count has grown from 274 employees in 2001 to
621 in 2011.
BMH employs over 30 physicians and partners with a medical staff of
over 150 providers.
BMH has contributed close to $3 million dollars to Bingham County
since converting to a 501(c)3 organization in 2007.
Lee Kniffen, Chairman of the Board of Directors for Bingham Memorial
Hospital said, "This study is evidence of the partnership Bingham
Memorial has built with the community. We work to provide the best
healthcare for our residents and in doing so, we are able to be part of
a team that includes community members, business leaders and government
leaders to drive the best employment and more economic growth within the
The study concluded that because Bingham Memorial Hospital is locally
owned and revenues are reinvested into the facility and the community
rather than being sent out of state, Bingham Memorial Hospital has a
larger-than-expected footprint on the regional economy. Other major
contributors include the hospital's integrated business model and local
purchasing preference, which drives a consistent pattern of steady
growth in the community.
"Bingham Memorial Hospital's impact on the County budget helps us reduce
the amount we have to charge the residents to cover our indigent care,"
said Cleone Jolley, Bingham County Commissioner. "The amount of money
that is given by the hospital in charity write offs of $1,274,755.00 and
the uncollected debt of $5.5 Million in 2010 is significant. If the
County had to cover these costs because people couldn't pay them, the
impact it would have on our residents would be substantial. This is only
looking at what is affecting the county budget. If you look at the rest
of the picture you can see Bingham Memorial is a major contributor to
For more information about Bingham Memorial Hospital please visit: http://www.binghammemorial.org/.
About Bingham Memorial Hospital
Bingham Memorial Hospital is a 501(c)3 non-profit critical access
hospital located in Blackfoot, Idaho. Bingham Memorial Hospital is
committed to the pursuit of excellence in our endeavor to provide a
continuum of quality, compassionate, healthcare services for residents
and visitors to east Idaho, in the most efficient and cost effective
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