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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
Annual Economic Contributions of HospitalsAtlantic 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
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%
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
Recent Healthcare Facility InvestmentExamples
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
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
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