Great River Medical Center adds millions to local economy

Great River Medical Center boosts the local economy through employment and spending. The hospital generates 2,371 jobs that add more than $109.7 million to Southeast Iowa. Hospital employees spend $31.1 million on retail sales and contribute nearly $1.9 million in state sales tax revenue.

The information is from the Iowa Hospital Association’s (IHA) recent Iowa hospital economic impact report. The study examined the jobs, income, retail sales and sales tax produced by hospitals and the rest of the state’s health care sector. It did not distinguish the total impact of Great River Health Systems.

The study found that Iowa’s 118 hospitals directly employ 71,348 people and create another 44,935 jobs outside the hospital sector. As an income source, hospitals provide $4.3 billion in salaries and benefits, and generate another $1.8 billion through other jobs that depend on hospitals.

In all, the Iowa 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 $15.5 billion to Iowa’s economy while directly and indirectly providing 312,821 jobs, or about one-fifth of the state’s total non-farm employment.

“With more than 300,000 jobs, health care is one of Iowa’s largest employers, and hospitals are by far the biggest contributor to that number,” said Kirk Norris, IHA president and CEO. “That impact carries through to local communities, where hospitals are often among the largest employers in Iowa cities and counties.”

Great River Health is the largest employer in Southeast Iowa.