AUSTIN, Texas, Jan. 14 /PRNewswire/ -- "The Economic Impact of Physician-Owned Hospitals in Eight States" concluded that Texas physician hospitals, which employee over 22,000 Texans, have a net economic effect of nearly $2.3 billion on the Texas economy. In addition, the study estimated that Texas physician hospitals will pay approximately $86 million in taxes (property, payroll and income taxes) in 2009.
"The study confirms that each one of the approximately 50 Texas physician hospitals serves as a leader in its community. Not only are they revolutionizing the way that health care is delivered, physician hospitals are paying critical taxes that are re-invested in their communities, employing a significant number of Texans and many are providing charity and uncompensated care as well," TPHAC Executive Director Bobby Hillert said.
"Texas physician hospitals come in a variety of forms: children's hospitals, traditional general hospitals, hospitals specializing and excelling in certain specialties and joint ventures that partner with traditional non-profit hospitals. All of these physician hospitals have one thing in common: They are using innovative delivery models that focus on safety and quality," Hillert said.
The January 12, 2009 study by the Health Economics Study Group, LLC determined the direct economic effect by calculating the sum of the payroll and capital expenditures for each physician hospital. It calculated the total effect by multiplying the direct effect by the multiplier. A copy of the study will be posted on TPHAC's Web site: www.tphac.org.
The Texas Physician Hospital Advocacy Center's membership is made up of hospitals throughout the state of Texas. TPHAC provides support and advocacy services to Texas physician hospitals.
|SOURCE The Texas Physician Hospital Advocacy Center|
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