A look at Palmetto Health’s economic impact in the Midlands and the state of South Carolina as of September 30, 2016.


Total team members

  • 15,682

Team members by county of residence*

  • Richland – 6,669

  • Lexington – 2,993

  • Sumter – 1,560

  • Kershaw – 584

  • Fairfield – 117

  • Newberry – 115

  • Other SC Counties – 781

  • Non SC Counties – 134

*Baptist Easley, leased team members and volunteers are not included in county data.


Salaries and benefits

  • $868 million

Goods and services purchased

  • $612.7 million

Revenue (after expenses)

  • $43 million

Charity care provided*

  • $221 million


Non-payment for services (bad debt)**

  • 2016 – $293 million

Community programs and services

  • 2015 (most recent data available) – $49 million

Palmetto Health Foundation

  • Donations – $5.6 million

  • Donors – 13,229

The Tuomey Foundation

  • Donations – $725,000

  • Donors – 934


Palmetto Health generally defines uninsured care as care provided for which no payment was received from patients and/or insurers. It is a sum of the “bad debt” and charity care the system provides. Uninsured care excludes other unfunded costs of care, such as underpayment from Medicaid and Medicare.

*Charity care consists of services for which Palmetto Health neither received nor expected to receive payment, because it was determined the patient was financially unable to pay a bill. The amount of charity care provided by Palmetto Health in FY2016 was nearly seven times greater than it was in FY2001, increasing from $33.5 million to nearly $221 million — an average annual increase of 10 percent.

**Bad debt consists of services for which Palmetto Health expected to receive payment but did not because the patient was unable or unwilling to pay a bill. Bad debt often is generated by uninsured patients, making it reasonable to consider bad debt as one component of Palmetto Health’s total cost of providing care to such patients. The amount of bad debt written off by Palmetto Health has grown more than seven times since 2001, increasing from $44.7 million in FY2001 to more than $293 million in FY2016 — an average annual increase of 14 percent. A small percentage of bad debt is caused by insured patients who fail to pay their deductibles or co-payments, but the vast majority of bad debt is attributable to uninsured patients.

 

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