In all, Iowa’s Health Care Sector Provides 293,758 Jobs Across State
UnityPoint Health – Sioux City creates an economic benefit to the region by generating 1,420 jobs, which adds over $110.3 million to Siouxland’s economy. In addition, St. Luke’s employees by themselves spend over $45.4 million on retail sales and contribute over $2.7 million in state sales tax revenue.
“As a health care organization and community partner, our mission is not only to provide the best outcome for every patient every time but also to improve life for those in Siouxland,” says Peter Thoreen, President and CEO of UnityPoint Health – St. Luke’s. “We understand the impact of our hospital extends beyond health care and we remain committed to bringing positive growth and development to the community.”
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.”