Lake City hospital creates impact
LAKE CITY – Stewart Memorial Community Hospital generates 257 jobs that add $18,000,945 to Calhoun County’s economy, according to the latest study by the Iowa Hospital Association.
In addition, Stewart Memorial Community Hospital employees by themselves spend $1,828,771 on retail sales and contribute $109,726 in state sales tax revenue.
“A strong connection exists between Stewart Memorial Community Hospital’s success and the viability of our local communities,” said Heather Cain, chief executive officer. “We are grateful for our talented employees who have dedicated their careers to providing quality health care here in our hospital, clinics and pharmacies. The data provided here shows our employees and their families impact our economy in a very real way. Our organization is well positioned to continue to be successful in the new health care environment by delivering value to those we serve by providing the right services at the right time to achieve the best possible results.”
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 Iowa hospitals directly employ 71,437 people and create another 57,792 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, 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 307,402 Iowa jobs, or about one-fifth of the state’s total non-farm employment.