Great River Medical Center makes $108.6 million economic impact in Des Moines County
June 25, 2012 –
Great River Medical Center generates more than 2,500 jobs that add $108,663,979 to Des Moines County’s economy, according to the latest study by the Iowa Hospital Association. In addition, health system employees by themselves spend $37.2 million on retail sales and contribute $2.2 million in state sales tax revenue.
“Hospitals obviously make a tremendous economic impact in every community they serve,” said Great River Health Systems President and CEO Mark Richardson. “As southeast Iowa’s largest employer, our reach extends far beyond providing quality health-care services with a significant positive impact on area retailers, hotels, suppliers and contractors. We take this leadership role very seriously and look forward to partnering with area communities to ensure future growth and economic stability.”
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.
“People are often unaware of the contributions that hospitals make to their local economies, including the number of people they employ, the significance of hospital purchases with local businesses and the impact of their employees’ spending for the entire region,” said Kirk Norris, IHA president and CEO. “Just as no one provides the services and community benefits found at our hospitals, there is also no substitute for the jobs and business hospitals provide and create.”
The study found that Iowa hospitals directly employ 70,363 people and create another 65,783 jobs outside the hospital sector. As an income source, hospitals provide $3.9 billion in salaries and benefits and generate another $2.3 billion through other jobs that depend on hospitals.
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, directly and indirectly provides 333,554 Iowa jobs, or more than one-fifth of the state’s total employment.