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GCMH creates $12 million impact on local economy

March 29, 2015
Reinbeck Courier

A hospital is an asset to any community or region. Area residents are provided convenient access to a wide range of essential health care services and hospitals offer health education and screenings to the public. Hospitals are also essential in another way as economic engines that are among the largest employers in their counties and for the entire state of Iowa.

According to the most recent figures from the Iowa Hospital Association (IHA), Grundy County Memorial Hospital provides 200 jobs that add $12,282,894 to Grundy County's economy. "Hospitals positively influence their local economies not only with how many people they employ and the payroll that is provided in Iowa's communities, but also through hospital purchases from local businesses and the impact of employee spending and tax support," said Kirk Norris, IHA president/CEO.

The Grundy County Memorial Hospital employs residents from more than 25 area communities, including 21 employees who live in Reinbeck and 8 who live in Gladbrook.

The Iowa Hospital Association study examined the jobs, income, and retail sales produced by hospitals and the rest of the state's health care sector. 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, 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.

Grundy County Memorial Hospital is a 25-bed critical access hospital affiliated with UnityPoint Health Waterloo. For more information on hospital services, visit www.grundycountyhospital.org.

 
 

 

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