The Greenville Hospital System University Medical Center (GHS) continues to improve the economic health of the Upstate. Its board of trustees Tuesday approved a $1.4 billion total operating revenue budget for fiscal year 2011.
This is a 5.8 percent over 2010’s $1.3 billion projection. According to hospital officials, this budget will not raise room rates. It does set up a three percent price increase affecting ancillary services such as pharmacy, laboratory, radiology and operating room services.
GHS plans to add 221 employees under the new budget, which begins Oct. 1, adding more physicians or physician support staff. GHS is one of Greenville County’s largest employers. According to hospital reports, GHS will contribute approximately $593 million to the area economy in total payroll in 2010.
GHS President and CEO Michael Riordan, said in a statement released Tuesday, “Healthcare systems nationwide have been significantly affected by the economic downturn; by being proactive and tightly managing costs, we’ve been able to minimize effects on the community and preserve and even grow jobs in very challenging times.”
GHS is also partnering with the University of South Carolina School of Medicine to expand USC’s existing medical program in Greenville.
The system is also banking on Healthcare Information Technology Incentive Funds under the American Recovery and Reinvestment Act starting in FY 2012.