McMinnville, OR (June 9, 2015) – Oregon community hospitals accounted for $18.9 billion in economic output in Oregon in 2013, according to a new study by ECONorthwest released today by the Oregon Association of Hospitals and Health Systems (OAHHS). Willamette Valley Medical Center (WVMC) is proud to be a contributing factor to such output.
Reported by ECONorthwest, WVMC is having a substantial economic impact on Yamhill County.
The study reported that WVMC generated $65.3 million gross state product for Oregon’s economy in 2013 and contributed $3.8 million in tax revenue. “Today’s report shows the importance of Willamette Valley Medical Center to both the health of our community’s citizens and the health of our economy,” said Peter Hofstetter, Chief Executive Officer, WVMC.
“Hospitals are at the center of the economic life of the communities they serve. As some of the largest employers in the state, we know that many communities depend on their hospital. With family-wage jobs, hospitals drive much of the economic engine that fuels other parts of county economies,” said Andy Van Pelt, executive vice president of OAHHS. The report found that rural hospitals play an outsize role in their communities. They are one of the steadiest sources of jobs and have relatively high job totals as a percent of the total employment in those counties. In 2013, WVMC created 926 jobs, which accounted for more than 58% of jobs in Yamhill County dependent on hospitals. “We are proud to be one of the top 5 employers in McMinnville. Our staff makes us who we are. It is our mission to provide Amazing care every time and we do that because of our quality staff”, Peter Hofstetter, CEO said.
The economic impact study-commissioned by OAHHS- conducted by ECONorthwest using state-specific data from American Hospital Association and using the IMPLAN economic modeling tool.
About Willamette Valley Medical Center
Located in McMinnville, Oregon, Willamette Valley Medical Center (WVMC) is an 88-bed acute-care, full-service facility, fully accredited by The Joint Commission. The hospital employs more than 400 people at its current modern facility, which was built in 1996. Nationally recognized for its quality of care, WVMC is one of only 147 hospitals in the nation to be named a Top Performer on Key Quality Measures for four consecutive years by The Joint Commission. WVMC features a 24-hour Emergency Department with round-the-clock imaging and laboratory services, the Joint Replacement Institute, a Critical Care Unit and a Senior Behavioral Health Services unit. WVMC also provides a host of other services including a full spectrum of inpatient and outpatient Surgical Services, a Family Birthing Center, Endoscopy, Cardiac Catheterization Lab, Cardio Pulmonary Services, Breast Center, and Therapy Services. In addition, the hospital offers specialty services in the H. R. Hoover, MD, Cancer Center and the Wound Care and Hyperbaric Medicine Center. For more information, visit www.WVMCweb.com
About Capella Healthcare
Capella Healthcare partners with communities to build strong local healthcare systems that are known for quality patient care. Based in Franklin, Tenn., Capella owns and/or operates 13 acute care and specialty hospital facilities in six states. With the philosophy that all healthcare is local, Capella collaborates with each hospital’s medical staff, board and community leadership to take care to the next level. The company has access to significant leadership and financial resources, investing in its family of hospitals to strengthen and expand services and facilities. For more information, visit the website at www.CapellaHealthcare.com.
About OAHHS
Founded in 1934, OAHHS is a statewide, nonprofit trade association that works closely with local and national government leaders, business and citizen coalitions, and other professional health care organizations to enhance and promote community health and to continue improving Oregon’s innovative health care delivery system.
Overall Economic Impact of Willamette Valley Medical Center
Willamette Valley Medical Center – Economic Impact Report
