Great River Medical Center Creates $141 Million Impact on Local Economy; Study Shows One in Five Iowa Jobs Linked to Health Care
March 15, 2010 –
Great River Medical Center generates 2,689 jobs that add $104,778,689 to Des Moines County's economy, according to the latest study by the Iowa Hospital Association (IHA). In addition, Great River Medical Center employees spend $36,817,603 on retail sales and contribute $2,209,056 in state sales-tax revenue.
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 information 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 74,027 people and create another 73,953 jobs outside the hospital sector. As an income source, hospitals provide $3.65 billion in salaries and benefits, and generate another $2.5 billion through other jobs that depend on hospitals.
IHA information shows Iowa hospitals added 4,611 employees and more than $747 million to their payrolls (including benefits) between 2004 and 2008, the year for which the latest hospital information is available.
In all, Iowa's health-care sector, which includes employed clinicians, long-term-care services and assisted-living centers, pharmacies and other medical and health services, provides 354,907 Iowa jobs, or more than one-fifth of the state's employment.
"Iowa enjoys the economic security that comes with having one of the finest health-care systems in the nation," said Kirk Norris, IHA president and CEO. "Iowa hospitals are at the foundation of Iowa's economy, and remain major employers and business partners in all parts of the state. Just as no one provides the services and community benefits found at our hospitals, there is also no substitute for the jobs hospitals provide and create."