AtlantiCare at a Glance • Medical Center founded in 1898; Health System founded in 1993 • 2 Hospitals / 600-beds / Unique.
Download ReportTranscript AtlantiCare at a Glance • Medical Center founded in 1898; Health System founded in 1993 • 2 Hospitals / 600-beds / Unique.
Slide 1
AtlantiCare at a Glance
• Medical Center founded in 1898; Health System founded in 1993
• 2 Hospitals / 600-beds / Unique Regional Services
• Over 60 additional healthcare facilities in Atlantic, Cape May, and
southern Ocean Counties
• 5,300 employees and 600 physicians
• $50 million in charity care provided in 2010
• A 2009 Malcolm Baldrige National Quality Award Recipient
Slide 2
Slide 3
Slide 4
Annual Economic Contributions of Hospitals
Atlantic County Hospitals
•
Total expenditures: $767.3 million
•
Total full time equivalent jobs: 4,465
•
Total employee payroll: $290.0 million
•
Estimated state income taxes paid by employees: $16.0 million
•
Purchased Services: $84.4 million
•
Uninsured patients treated at Atlantic County hospitals:
approximately 97,000 occasions-of-service
Source: New Jersey Hospital Association
Slide 5
Health Care and Employment Growth
•
Latest U.S. Bureau of Labor Statistics Change in Employees
Statistics (September)
– Total non-farm employee growth August-September: 103,000
– Health Care Segment: 44,000
• Greater than 50% of job growth in the Ambulatory Care area
•
Latest U.S. Bureau of Labor Statistics Unemployment Rate by
Industry (September)
– Education and Health Services ranked 2nd behind Financial Activities
as having the lowest, private sector unemployment rates at 5.7%
Slide 6
Health Care and Employment Growth
(continued)
•
New Jersey Department of Labor Market and Demographic
Research Reports
– 3 of every 5 jobs created over the last twenty years has been in the
healthcare industry
– Similar to national trends, out-of-hospital employment growth has lead
the sector
– There continues to be strong short and long-term demand for nurses
• Over the next 10 years there will be an additional 10,000 RNs projected
• However, Home Health Aids are projected to grow by 40,000 over this
period
Slide 7
Recent Healthcare Facility Investment
Examples
AtlantiCare
•
•
•
ARMC City Campus Harmony Pavilion (Atlantic City): $130M; 200,000 sf, 2007
ARMC Ambulatory Campus (Hammonton): $20M; 40,000 sf, 2011
ARMC Mainland Campus Project (Pomona): $150M; 200,000 sf, Planned
Shore Medical Center
•
Hospital expansion for surgical services (Somers Point): $125M; 138,000 sf, 2011
Southern Ocean Medical Center
•
Emergency Department Expansion (Manahawkin): $20M
Virtua
•
•
Hospital relocation and expansion (Voorhees): $600M; 680,000 sf, 2011
Ambulatory Care Campus Development (Moorestown): $96M; 200,000 sf, 2013
Slide 8
Future Healthcare Investment
•
Creating the Integrated Network of Facilities for Population Health
– Ambulatory and Physician Practice vs. Inpatient Hospital focused
• This is where the greatest job growth is projected over the next 10 years
• AtlantiCare Special Care Center in Galloway: 15,000 sf
• AtlantiCare Urgent Care Center / Physician Complex in Somers Point:
15,000 sf
• AtlantiCare Physician Group Specialty Center in EHT: 15,000 sf
•
Partnering with Primary Care and Specialty Providers around the New
Model of Healthcare
•
Partnering with Employers, Commercial, and Government Payers around
the New Model of Healthcare
•
Substantial Information Technology Investments to facilitate the integration
required for success in the New Model of Healthcare
Slide 9
Conclusion
•
Healthcare will continue to be a major source of economic activity
and growth in this region
•
Facility Investment emphasis will shift from Inpatient to
Ambulatory and Physician Network Development
•
Employment growth will continue to focus on clinical areas
required to support the New Health Care Model
•
The percentage of Investment will start to shift from Bricks and
Mortar to People and Technology
•
There is still a great deal of uncertainty for us to plan for
AtlantiCare at a Glance
• Medical Center founded in 1898; Health System founded in 1993
• 2 Hospitals / 600-beds / Unique Regional Services
• Over 60 additional healthcare facilities in Atlantic, Cape May, and
southern Ocean Counties
• 5,300 employees and 600 physicians
• $50 million in charity care provided in 2010
• A 2009 Malcolm Baldrige National Quality Award Recipient
Slide 2
Slide 3
Slide 4
Annual Economic Contributions of Hospitals
Atlantic County Hospitals
•
Total expenditures: $767.3 million
•
Total full time equivalent jobs: 4,465
•
Total employee payroll: $290.0 million
•
Estimated state income taxes paid by employees: $16.0 million
•
Purchased Services: $84.4 million
•
Uninsured patients treated at Atlantic County hospitals:
approximately 97,000 occasions-of-service
Source: New Jersey Hospital Association
Slide 5
Health Care and Employment Growth
•
Latest U.S. Bureau of Labor Statistics Change in Employees
Statistics (September)
– Total non-farm employee growth August-September: 103,000
– Health Care Segment: 44,000
• Greater than 50% of job growth in the Ambulatory Care area
•
Latest U.S. Bureau of Labor Statistics Unemployment Rate by
Industry (September)
– Education and Health Services ranked 2nd behind Financial Activities
as having the lowest, private sector unemployment rates at 5.7%
Slide 6
Health Care and Employment Growth
(continued)
•
New Jersey Department of Labor Market and Demographic
Research Reports
– 3 of every 5 jobs created over the last twenty years has been in the
healthcare industry
– Similar to national trends, out-of-hospital employment growth has lead
the sector
– There continues to be strong short and long-term demand for nurses
• Over the next 10 years there will be an additional 10,000 RNs projected
• However, Home Health Aids are projected to grow by 40,000 over this
period
Slide 7
Recent Healthcare Facility Investment
Examples
AtlantiCare
•
•
•
ARMC City Campus Harmony Pavilion (Atlantic City): $130M; 200,000 sf, 2007
ARMC Ambulatory Campus (Hammonton): $20M; 40,000 sf, 2011
ARMC Mainland Campus Project (Pomona): $150M; 200,000 sf, Planned
Shore Medical Center
•
Hospital expansion for surgical services (Somers Point): $125M; 138,000 sf, 2011
Southern Ocean Medical Center
•
Emergency Department Expansion (Manahawkin): $20M
Virtua
•
•
Hospital relocation and expansion (Voorhees): $600M; 680,000 sf, 2011
Ambulatory Care Campus Development (Moorestown): $96M; 200,000 sf, 2013
Slide 8
Future Healthcare Investment
•
Creating the Integrated Network of Facilities for Population Health
– Ambulatory and Physician Practice vs. Inpatient Hospital focused
• This is where the greatest job growth is projected over the next 10 years
• AtlantiCare Special Care Center in Galloway: 15,000 sf
• AtlantiCare Urgent Care Center / Physician Complex in Somers Point:
15,000 sf
• AtlantiCare Physician Group Specialty Center in EHT: 15,000 sf
•
Partnering with Primary Care and Specialty Providers around the New
Model of Healthcare
•
Partnering with Employers, Commercial, and Government Payers around
the New Model of Healthcare
•
Substantial Information Technology Investments to facilitate the integration
required for success in the New Model of Healthcare
Slide 9
Conclusion
•
Healthcare will continue to be a major source of economic activity
and growth in this region
•
Facility Investment emphasis will shift from Inpatient to
Ambulatory and Physician Network Development
•
Employment growth will continue to focus on clinical areas
required to support the New Health Care Model
•
The percentage of Investment will start to shift from Bricks and
Mortar to People and Technology
•
There is still a great deal of uncertainty for us to plan for