Grinnell, IA - UnityPoint Health® – Grinnell Regional Medical Center (GRMC) generates 529 jobs, direct and indirect, that add $32,018,935 to the region’s economy, according to the latest study by the Iowa Hospital Association (IHA). In addition, GRMC employees by themselves spend more than $6.5 million on retail sales and contribute $395,179 in state sales tax revenue.
“The health care sector is a crucial component in the stability of the local economy,” says Doris Rindels, GRMC’s interim CEO. “On a daily basis, the medical center supports dental practices, pharmacies, durable medical equipment companies and retirement and long-term care facilities. Having a strong hospital is vital to the development and business sectors in our region. ”
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 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.