KNOXVILLE – Knoxville Hospital & Clinics (KHC) generates over 300 jobs that adds over $19 million to the Marion county economy, according to the latest study by the Iowa Hospital Association. In addition, KHC employees spend nearly $4 million on retail sales and contribute over $235,000 in state sales tax revenue.
“The figures released by the Iowa Hospital Association indicate the level of economic impact that our health care facility has on the Knoxville community,” said Kevin Kincaid, Knoxville Hospital & Clinics CEO. “As a community partner, we understand the impact of our hospital extends beyond health care. We take pride in being an important component of our local economy by providing jobs and keeping our community productive and healthy.”
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 74,691 people and create another 57,586 jobs outside the hospital sector. As an income source, hospitals provide $4.8 billion in salaries and benefits and generate another $2.3 billion through other jobs that depend on hospitals.
In all, Iowa’s 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 $17 billion to the state economy while directly and indirectly providing 330,308 jobs, or about 20 percent of the state’s total non-farm employment.
“Hospitals and health care are vital to the economy in all parts of the state, both urban and rural,” said IHA president and CEO Kirk Norris. “With more than 330,000 jobs, health care is one of Iowa’s largest employers, and hospitals remain, by far, the biggest contributor to that enormous impact.
“In Iowa cities and counties, hospitals are uniformly among the largest employers. Those jobs bring income to Main Street businesses and support local government services and infrastructure through taxes.”
Knoxville Hospital & Clinics, a Critical Access Hospital serving Marion County and the surrounding area, is dedicated to providing personal, progressive quality health care with compassion. For more information regarding this release and other happenings at Knoxville Hospital & Clinics, call the Public Relations office at (641) 842-1418.