Executive Summary

The purpose of this study was to estimate the economic impacts of the Munroe Regional Medical Center (MRMC) in Marion County, Florida. MRMC is a 421 bed acute-care facility located near downtown Ocala, with additional outpatient facilities located nearby. For F.Y. 2009, MRMC reported revenues totaling $261.5 million (M) and employment of 2,479 people. It is the largest private employer in the County, representing about 1.7 percent of the workforce. The economic impacts of MRMC were estimated by applying its financial and employment data to an input-output model of the Marion County economy constructed with the IMPLAN ® economic impact modeling system (MIG). For this analysis 97.8 percent of MRMC’s revenues were treated as non-local or “new ” dollars entering the Marion County economy, including Medicare, Medicaid, BlueCross/BlueShield, and for-profit insurance reimbursements. When new dollars flow into a region, additional economic activity is generated through spill-over or multiplier effects, including supply-chain purchases of goods and services from local suppliers (indirect effects), and employee household spending (induced effects). The economic impacts of Munroe Regional Medical Center are summarized in Figure ES1 an