Spring Hill, Florida (December 11, 2015) – The Tampa Bay Regional Planning Council (TBRPC) has recently released a report on the projected impact of the $20 million obstetrical expansion to the Oak Hill Hospital campus. The Council’s report, which was requested by the Hernando County Office of Business Development, concludes that upon completion the expansion will create an additional 54 employees. The direct ongoing employment of 54 new employees in the healthcare industry generates indirect and induced effects of 32 additional jobs in Hernando County, 52 throughout the Tampa Bay region, and 68 throughout Florida. These combined jobs generate $7 million annually in personal income throughout Florida.
Total new employment for this particular project will contribute $4.9 million to the Hernando Gross County Product each year. The Gross County Product (GCP) is a concept analogous to the National Gross Domestic Product. As such, the GCP is equal to output excluding the immediate inputs, and represents compensation and profits.
In addition, the one-time event of the construction yielded 174 jobs, $4.9 million in personal income and $20.8 million in Gross County Product.
The Tampa Bay Regional Planning Council utilized its REMI Policy Insight model to generate the employment forecast.
Upon receiving this report Len Sossamon, County Administrator and Director of Hernando County Office of Business Development, said, “The Oak Hill Hospital expansion project is significant to our economy both during the construction period and providing long-range job benefits to the community. Oak Hill Hospital once again demonstrates that it is an important business neighbor as well as a major healthcare facility. Oak Hill Hospital generates solid continued growth to our economy as well as impacting our citizens with high quality healthcare services.”
Oak Hill Hospital is available for comment. To arrange for interviews, contact Rich Linkul at 352-597-6383.
Visit the Oak Hill Hospital newsroom for recent releases: www.OakHillHospital.com/About/Newsroom/
About Oak Hill Hospital:
Oak Hill Hospital has been serving the Nature Coast since 1984. It is the largest medical facility in Hernando and Citrus Counties (262 acute care beds), is the area’s largest private employer, and offers Hernando County’s only comprehensive cardiovascular program, including open heart surgery. Over 300 physicians, 1,200 associates, and approximately 250 volunteers comprise Oak Hill Hospital’s healthcare delivery team.
It is located at 11375 Cortez Boulevard, Brooksville, 1.9 miles east of US 19 on State Road 50. For more information about this release, please contact Richard W. Linkul, Director of Marketing, at 352-597-6383 or Richard.Linkul@HCAHealthcare.com. In Citrus call 352-628-6441. For more information about Oak Hill Hospital, visit our website at OakHillHospital.com, or like us on Facebook.
Oak Hill Hospital has demonstrated its healthcare leadership by achieving distinction on many levels. Please visit our website for a comprehensive listing of all Oak Hill Hospital accreditations, awards, and distinctions.