The Iowa Hospital Association recently released a study of the economic impact hospitals have in their communities. The study examined the areas of jobs, income, retail sales and sales tax produced by hospitals and the rest of the state’s health care sector.
The study found that the Knoxville Hospital & Clinics (KHC) generates over 290 jobs that adds $21,185,000 to the Marion county economy. In addition, KHC employees spend over $4.3 million on retail sales and contribute over $259,000 in state sales tax revenue.
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. Tune in tomorrow as we look into how Pella Regional Hospital has also contributed to the Marion County economy.