Friday, February 17, 2012

Staying Steady

Did you know that the healthcare industry supports 1,326 jobs in Poweshiek County, Iowa? Overall, those positions contribute more than $57.6 million in payroll and income to the county and area economy, according to the latest study by the Iowa Hospital Association.
Grinnell Regional Medical Center generates 410 jobs that add $32.5 million to the local economy. In addition, GRMC employees by themselves spend $6.67 million on retail sales and contribute $400,360 in state sales tax revenue. Long term and residential care facilities employ 495 individuals. Physicians, dentists, pharmacists, and other health practitioners and their offices support 341 jobs. Add to that another 600 jobs that are indrectly related to healthcare and that makes a significant impact. In total, the healthcare industry spends $57,604,960 in payroll income that generates an economic impact of $77,881,091 in our area.
So why is this important? The contributions by long term care facilities, physicians, dentists, optometrists, pharmacists, and other medical services make a significant impact on the local economy, This includes the number of people they employ, their purchases with local businesses, and employees' spending. It all affects schools, housing, service and retail businesses as well.
But there is more to this story. The healthcare sector provides vital community services for the health and wellbeing of all its residents. Whether the service needed is provided through emergency medical technicians and an ambulance, a routine dental exam, or using a local pharmacy for medications, healthcare plays an important part in all our lives.
Our area has a strong healthcare industry that supports current healthcare needs. It also contributes to the quality of life that makes our area more attractive to new families moving in, industries looking to expand, students attending our area colleges, or retirees wanting to settle in a community of care.
Even though GRMC has reduced payroll and the number of employees over the past two years, the healthcare industry in Poweshiek County has maintained its level of healthcare jobs and economic impact. Through these tough economic times, healthcare remains an important economic and quality-of-life factor in Poweshiek County and beyond.

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