795 Middle Street, Fall River, MA 02721 508-674-5600
FALL RIVER, MA, January 27, 2014 — Saint Anne’s Hospital, a part of the Steward Health Care System LLC (Steward), today released an economic impact report for 2010-2012, produced by the Health Business Group, an independent consulting firm in Boston. The report reveals that from 2010 through 2012, Steward invested $45.2 million in construction and technology improvements at Saint Anne’s Hospital, provided $13.4 million in chronic disease management and wellness programs in surrounding communities and delivered $2 million in tax revenues to the City of Fall River.
“Steward acquired community hospitals facing significant financial headwinds,” explained David Williams, president of Health Business Group. “Our analysis shows that significant investments made by Steward had a positive economic impact on the surrounding communities. Meanwhile, quality of care measures have improved.”
The $45.2 million capital investment at Saint Anne’s Hospital in 2010-2012 included emergency department expansion, surgical services expansion, construction of a new medical office building, and the acquisition of Southern New England Surgery Center. The 13,000 square foot emergency room provides all private treatment rooms, a trauma and cardiac suite, separate walk-in and ambulance entrances. The facility has allowed the hospital to expand upon the number of patients they can treat and the efficiency with which they treat patients. The expansion of the hospital’s surgical services area included large new operating rooms sized to handle the added technology and equipment needed for orthopedic and other sophisticated surgeries .The Southern New England Surgery Center is a state-of-the-art outpatient surgical center that is designed, equipped, and staffed to provide the highest quality surgical care.
In addition to construction and capital improvements, the hospital provided $13.4 million in community benefit investments, which include programs focused on addressing the social determinants of health, access to care, chronic disease management, behavioral health, substance abuse and other health issues.
In 2011 and 2012, the hospital contributed $2 million in local property taxes, making it the second largest contributor of property taxes in Fall River. It is also one of the largest employers in Fall River, which generates additional economic benefits to the community. Steward pays more than typical employers in Massachusetts (the median full-time Steward job pays $47,071 in wages compared with $43,420 for Massachusetts as a whole).
As a system, Steward has committed $600 million in new capital that directly and indirectly supported approximately 33,000 jobs, generated nearly $35 million in local real estate taxes and was responsible for $8.4 billion of economic impact in 2011 and 2012. In addition to direct impacts, Steward creates secondary benefits as employee and supplier spending ripples through the economy to local businesses such as grocery stores, auto dealers, dry cleaners and others.
“We are proud of our new construction and expansion and we will continue to make investments at Saint Anne’s Hospital to meet the evolving needs of our patients in this area,” explained Saint Anne’s Hospital President Craig Jesiolowski.
Steward’s integrated community care model closely coordinates patient care among primary care physicians, specialists and other related healthcare providers in the system. Steward’s network includes over 3,000 physicians, 11 acute care hospitals, home care, an imaging operation, and a number of other post acute services. Patients are able to see their primary care doctors close to where they live and they are referred to specialists within the Steward system when needed. For patients, this means that their medical records are shared, their doctors are talking to each other, unnecessary duplication of tests can be avoided, and all levels of care are seamlessly integrated to meet personal needs.
In 2013, all Steward acute care hospitals earned an “A” grade from The Leapfrog Group, a quality and safety rating that shows how well hospitals protect patients from accidents, errors, injuries and infections. This was the fourth consecutive “A” Hospital Safety Score for Saint Anne’s Hospital. As the report notes, “quality is a significant contributor to economic impact because patients who receive high-quality care are able to live healthier, more productive lives and contribute to the economic performance of their employers and families.”
This economic impact report was submitted to the Office of the Attorney General of Massachusetts, which has oversight authority of the Steward Health Care System.
To read the full report, please visit: www.steward.org/economicimpact.
About Saint Anne’s Hospital – Saint Anne’s Hospital is a community hospital with comprehensive inpatient, outpatient, and emergency care services, serving adults and children from southeastern Massachusetts and nearby Rhode Island at its main campus in Fall River and its community satellites. Founded in 1906 by the Dominican Sisters of the Presentation, Saint Anne's Hospital is a member of Steward Health Care, the largest fully integrated community care organization in New England. Saint Anne’s has been recognized time and again for quality, safety and service by such organizations as The Joint Commission, Healthgrades, The Leapfrog Group, and Blue Cross Blue Shield. Additional information is available at www.steward.org.