Knoxville Hospital & Clinics generates 192 jobs that add $13,619,384 to Knoxville’s economy, according to the latest study by the Iowa Hospital Association. In addition, KHC employees by themselves spend $3,241,635 on retail sales and contribute $194,498 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 Ann Helwig, CEO at Knoxville Hospital & Clinics. “Every employee at Knoxville Hospital & Clinics takes their role and responsibility of delivering quality health care very seriously and this affects our community’s quality of life in a positive way.”
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 72,220 people and create another 76,876 jobs outside the hospital sector. As an income source, hospitals provide $3.3 billion in salaries and benefits and generate almost another $2.4 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 366,072 Iowa jobs, or more than one-fifth of the state’s total employment.
“Even in these difficult economic times, Iowa hospitals remain major employers and business partners throughout the state,” said Kirk Norris, IHA president/CEO. “In addition to providing essential health care and community services, hospitals are at the foundation of Iowa’s economic infrastructure. The state’s economic security is clearly linked to maintaining the high-quality health care system we now enjoy.”
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.