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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.

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Presentation on theme: "AtlantiCare at a Glance Medical Center founded in 1898; Health System founded in 1993 2 Hospitals / 600-beds / Unique Regional Services Over 60 additional."— Presentation transcript:

1 AtlantiCare at a Glance Medical Center founded in 1898; Health System founded in 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

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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

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 2 nd behind Financial Activities as having the lowest, private sector unemployment rates at 5.7%

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

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

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

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


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