Iowa Specialty Hospital

Iowa Specialty Hospitals & Clinics Creates $32,858,699 Impact on Local Economy

March 20, 2015

In all, Iowa’s Health Care Sector Provides 293,758 Jobs across State

Belmond & Clarion (March 20, 2015) – Iowa Specialty Hospitals & Clinics provides 646 jobs that add $32,858,699 to Wright County’s economy, according to the latest study by the Iowa Hospital Association.  In addition, Iowa Specialty Hospital and Clinics’ employees spend $4,530,131 on retail sales and contribute $271,808 in state sales tax revenue.

“It’s a privilege to be able to directly employ 498 people and create another 148 jobs that have such an amazing impact on the local economy.  It shows how our communities and hospitals are intertwined.  The communities’ support benefits us.  In turn, we’re able to give back to the community by serving its healthcare needs and volunteering.  In addition, our employees contribute through the local spending of their incomes,” said Steve Simonin, Iowa Specialty Hospitals & Clinics CEO & President.

The IHA study examined the jobs, income, retail sales and sales tax produced by hospitals and the rest of the state’s health care sector.  The study was compiled from hospital-submitted data on the American Hospital Association’s Annual Survey of Hospitals and with software that other industries have used to determine their economic impact.

The study found that Iowa hospitals directly employ 71,324 people and create another 50,131 jobs outside the hospital sector.  As an income source, hospitals provide $4.2 billion in salaries and benefits and generate another $1.8 billion through other jobs that depend on hospitals.

In all, the health care sector, which includes offices of physicians, dentists and other health practitioners, nursing home and residential care, other medical and health services and pharmacies, contributes $14.3 billion to Iowa’s economy while directly and indirectly providing 293,758 jobs, or about one-fifth of the state’s total non-farm employment.

 

« Back

© 2021 Iowa Specialty Hospital. All rights reserved.