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News by Departmental Specialty |
UI Health Care News: Week of March 20, 2006
UI Hospitals and Clinics Helps Fuel
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University of Iowa Hospitals and Clinics is a leading force for economic development in Johnson County and the state with a total economic impact of more than $450 million. Statewide, Iowa's community hospitals generate nearly 149,000 jobs that add more than $5 billion to the state's economy, according to a comprehensive study by the Iowa Hospital Association (IHA). 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 with software that other industries have used to determine their economic impact. In Johnson County, UI Hospitals and Clinics employs 7,158 health care professionals and pays salaries totaling $338,299,036. Those health care jobs further fuel the local economy by creating 12,404 total health-care related jobs and generating $165,995,804 in taxable retail sales. The recently released study found that Iowa hospitals directly employ 69,416 people and create another 79,316 jobs outside the health care sector. As an income source, hospitals provide $2.9 billion in salaries and benefits and generate nearly another $2.2 billion through other jobs that depend on hospitals. In addition, Iowa hospital employees by themselves spend $1.8 billion on retail sales and contribute more than $88 million in state sales tax revenue. 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 355,374 Iowa jobs, equal to one-fifth of the state's total employment. The Iowa Hospital Association is a voluntary membership organization representing hospital and health system interests to business, government, and consumer audiences. |
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Last modification date:
Fri Mar 6 12:24:26 2009
URL: http://www.uihealthcare.com
/news/news/2006/03/20economicimpact.html