Baptist Health makes sizeable impact on region’s economy
People who didn’t even use services at Baptist Health Paducah in 2013 still benefitted from the organization’s economic impact on the region and charitable contributions.
The numbers speak for themselves:
- 1,750 employees make Baptist Health Paducah one of the region’s largest employers.
- $75 million annual payroll represents about 5 percent of all wages and salaries in McCracken County.
- Hospital purchases and those made by employees generate approximately $73 million in local economic activity.
- $359,000 in community donations from the hospital and staff includes $100,000 to the local nursing school.
- Approximately 115 volunteers provide more than 30,000 hours’ service.
According to the Kentucky Hospital Association, these dollars have a “ripple effect” in the larger economy, supporting other businesses and jobs in the community and generating tax revenue to fund state programs.
“We take seriously our mission to exemplify our Christian heritage to enhance the health of the people and communities we are privileged to serve,” said William A. Brown, hospital president. “These numbers show the far reach of the impact we have through our neighbor businesses, schools, charitable organizations and individuals.”
Baptist treats patients, regardless of whether they have insurance or can afford to pay. In 2013, Baptist Health Paducah’s treatment for uninsured patients (whose income was below the federal poverty level) topped $7.7 million in costs not reimbursed; and those patients are not billed. That amount does not include additional charity care provided by the hospital to uninsured people with higher income, uncollectible bad debt or the full cost of caring for people on Medicare and Medicaid.
Baptist Health Paducah is part of Baptist Health Kentucky which, as a system, spent nearly $995 million on salaries and purchases. Headquartered in Louisville, it is the state’s largest not-for-profit healthcare system with more than 2,300 beds and 17,000 employees at seven owned hospitals (Corbin, La Grange, Lexington, Louisville, Madisonville, Paducah and Richmond) and two managed hospitals (Elizabethtown and Russell Springs).