Henry County Health Center creates $19.3 million impact on local economyWritten by Theresa Rose on March 19, 2015
In all, Iowa’s health care sector provides 293,758 jobs across state
MT. PLEASANT– Henry County Health Center generates 394 jobs that add $19,347,307 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 $4,194,463 on retail sales and contribute $251,668 in state sales tax revenue.
“Henry County Health Center positively impacts our county’s economy in several ways. The strength of our economy relies in part upon area residents spending their money locally. HCHC contributes to this as we employ a large number of area residents, and our associates and the health center purchase goods and services from local businesses which directly supports our economy. HCHC also provides area residents with high quality healthcare close to home, and the services we provide attract individuals from outside communities who also visit other local businesses while they are in town. This also benefits the county’s economy. In addition, the health center is instrumental in attracting new business, industry and residents to our area. It is essential that we are able to provide high quality healthcare services to our area communities to keep our economy moving forward and to work toward our organizational mission,” explained HCHC CEO Robb Gardner.
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.
“Hospitals positively influence their local economies not only with how many people they employ and the salaries of those employees, but also through hospital purchases from local businesses as well as the impact of employee spending and tax support,” said Kirk Norris, IHA president/CEO. “Whether at the local level or statewide, there are few Iowa employers that generate economic activity comparable to hospitals.”
The Iowa Hospital Association is a voluntary membership organization representing hospital and health system interests to business, government and consumer audiences. All of Iowa’s 118 community hospitals are IHA members.