Henry County Health Center creates $20.3 million impact on local economyWritten by Theresa Rose on March 12, 2018
Henry County Health Center generates 531 jobs that add $20,317,984 to Henry County’s economy, according to the latest study by the Iowa Hospital Association. In addition, Henry County Health Center associates by themselves spend $4,942,529 on retail sales and contribute $296,552 in state sales tax revenue.
“This Iowa Hospital Association study is evidence of how Henry County Health Center positively impacts our county’s economy. HCHC serves the healthcare needs of our communities and keeps our economy moving forward. We employ a significant number of area residents and purchase goods and services from local businesses, both of which contribute to the strength of our economy,” explained HCHC CEO Robb Gardner. “In addition, the quality healthcare services that HCHC provides brings individuals to Mt. Pleasant from other communities who purchase from local businesses while in town. Another benefit of a vibrant health center is the instrumental role HCHC plays in attracting new business, industry and residents to our area.”
The IHA study examined the jobs, income, retail sales and sales tax produced by hospitals and the rest of the state’s healthcare 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 74,691 people and create another 57,586 jobs outside the hospital sector. As an income source, hospitals provide $4.8 billion in salaries and benefits and generate another $2.3 billion through other jobs that depend on hospitals.
In all, Iowa’s healthcare sector, which includes offices of physicians, dentists and other health practitioners, nursing home and residential care, other medical and health services and pharmacies, contributes $17 billion to the state economy while directly and indirectly providing 330,308 jobs, or about 20 percent of the state’s total non-farm employment.
“Hospitals and health care are vital to the economy in all parts of the state, both urban and rural,” said IHA president and CEO Kirk Norris. “With more than 330,000 jobs, health care is one of Iowa’s largest employers, and hospitals remain, by far, the biggest contributor to that enormous impact.
“In Iowa cities and counties, hospitals are uniformly among the largest employers. Those jobs bring income to Main Street businesses and support local government services and infrastructure through taxes.”
As possible cuts to Medicaid and Medicare are contemplated, hospital services and jobs are put at risk – and with them a large swath of the Iowa economy.
“These facts need to be front-of-mind among our political leaders in Washington, DC and Des Moines. They need to understand that when legislation and regulations financially impact hospitals and health care, they also impact jobs and business in every part of the state.”