KNOXVILLE – Knoxville Hospital & Clinics generates 320 jobs that add $19.3 million to Knoxville’s economy, according to the latest study by the Iowa Hospital Association. In addition, Knoxville Hospital & Clinics’ employees earn $13.8 million in salaries, contribute $4.2 million in retail sales and $250,000 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 72,000 people and provide $4.4 billion in salaries and benefits. 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 $16.5 billion to Iowa’s economy while directly and indirectly providing 204,000 jobs.
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.