Welcome to Fremont-Rideout Health Group
Theresa Hamilton, CEO, Fremont-Rideout Health Group |
I recently had the privilege of addressing Yuba County's annual economic outlook meeting, Perspectives, to give business leaders in attendance a preview of the Rideout Regional Medical Center and some thoughts on Fremont-Rideout's impact on the Yuba-Sutter region. I'd like share a bit of that information with all of you.
Our current construction program further expands our footprint in historic Marysville and will transform the hospital into the Rideout Regional Medical Center, delivering a variety of quality specialty care rarely found in a community of this size. That's important for several reasons.
First, it means residents can receive quality specialty medical care for virtually any emergency or health problem , right here at home, surrounded by friends and family.
Second, along with taxes, zoning and public safety, the availability of emergency and specialty medical care is an important factor for companies looking to relocate or expand their businesses. In the 2010 Corporate Survey, conducted annually by Area Development Magazine, site selection executives delineated the Top 9 Quality-of-Life Factors critical to locations they would consider. Healthcare remained the second most important QOL factor, topped only by low crime rates. Business incentives offered by Sutter and Yuba Counties help make this a great place to work. Fremont-Rideout's spectrum of quality healthcare services helps make this a great place to live.
And third, healthcare is a powerful economic engine, a creator of jobs and commercial activity. In 2011, nationwide, healthcare accounted for one in every five new jobs created. In a study released just last week, the Hospital Council of Northern and Central California looked at the six counties that comprise the greater Sacramento area -- Sacramento, Yolo, El Dorado, Placer, Sutter and Yuba counties -- to determine the economic impact of hospitals -- just hospitals and hospital-related spending, not all healthcare -- in our region. They found that the hospitals in this region generate more than $ 11.7 billion in annual spending and more than 84,000 direct or indirect jobs. According to the State of California's projections, while non-healthcare employment is projected to grow about 10% over the decade from 2008 to 2018, hospital jobs will increase by more than 21% and all healthcare jobs by 26%.
As you may know, Fremont-Rideout is already the largest non-government employer in both Sutter and Yuba counties. We currently employ -- and this does not include physicians -- nearly 1,800 staff, about 80% of whom also reside in these two counties, contributing to the local tax base.
And, those 1,800 jobs generate, directly or indirectly, even more jobs. According to The Center for Strategic Economic Research, which studies the Sacramento region, there is a so-called 'multiplier effect' by which each actual hospital-related job creates a total of 1.8 to 2.2 jobs. So Fremont-Rideout's 1,800 employees represent a total of between 3,240 and 3,960 jobs for our community. Those include many now at work on the expansion projects now underway for the cancer center, hospital and emergency department.
Cal State Chico's Center for Economic Development calculates that more than $105 million in total wages are driven by those 1,800 Fremont-Rideout jobs, along with more than $49 million in revenue generated for other businesses and organizations.
There is also a human impact. That new report from the Hospital Council included the latest data on charity and unreimbursed costs of medical care provided by hospitals in the six Sacramento-area counties. For 2011, Fremont-Rideout provided $ 49.8 million in free or reduced rate medical care.
The current construction is being funded in part by a new $110 million bond issue, with the remaining millions coming from literally thousands of donors in our community. On behalf of our organization and the patients we serve, I thank you most sincerely, and invite you to follow the links below to learn more about our expansion and current fundraising efforts.
Click here to view photos from the March 8 groundbreaking celebration.
Click here to view the details of how our regional medical center will look when completed.
Click here to make a donation to the Foundation.