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CCMH Creates $16.5 Million Impact on Local Economy

02/18/14

In Iowa, Hospitals Generate $6 Billion and 71,000 Jobs

(Des Moines, IA) – Crawford County Memorial Hospital in Denison generates 287 jobs that add $16,511,231 to the local economy, according to the latest study by the Iowa Hospital Association. In addition, CCMH employees by themselves spend $2,590,412 on retail sales and contribute $155,425 in state sales tax revenue.

“We are grateful to be one of many key contributors in our community. In so many ways our community supports our hospital, this is one in which we can give back at a local level,” said Bill Bruce, CCMH President and CEO. “As we continue to meet the increasing local demand for services, we would expect those numbers to continue to grow. The Board, Medical Staff and Employees continue to deserve our credit and acknowledgement for their dedication to high quality care at CCMH.”

Evan Blakley, executive director of the Chamber & Development Council, commented, “As one of the largest employers in Crawford County, CCMH demonstrates how continuing investment in technology and services can have a tremendous impact in our local economy.”

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 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.

“People are often unaware of the contributions that hospitals make to their local economies, including the number of people they employ, the significance of hospital purchases with local businesses and the impact of their employees’ spending and tax support for an entire region,” said Kirk Norris, IHA president/CEO. “Just as no one provides the services and community benefits found at community hospitals, there is also no substitute for the jobs and business hospitals provide and create.”

The Iowa Hospital Association is a voluntary membership organization representing hospital and health system interests to business, government and consumer audiences. All of Iowa’s 118 community hospitals are IHA members.