Study: Skiff creates $25 million impact on local economy
Skiff Medical Center generates 361 jobs that contributed more than $25 million to Jasper County’s economy, according to the latest study by the Iowa Hospital Association. In addition, Skiff employees by themselves spend almost $7 million on retail sales and contribute about $400,000 in state sales tax revenue.
“Skiff Medical Center is one of the major employees not only in Newton, but in all of Jasper County,” CEO Steve Long said. “Our vision is to be a ‘treasured community asset’ and our many caregivers work hard every day to live up to this ideal. It is satisfying to know that we are able to impact the community not only in the excellent care we provide for our patients but in the significant direct and indirect investment we make economically, as well.”
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 71,169 people and create another 62,198 jobs outside the hospital sector. As an income source, hospitals provide more than $4 billion in salaries and benefits and generate another $2.2 billion through other jobs that depend on hospitals.
“In most Iowa counties, hospitals are among the three or four largest employers, but it’s more than just providing jobs,” IHA president and CEO Kirk Norris said. “People are often unaware of the broader contribution that hospitals make to their local economies, the significance of hospital purchases with local businesses and the impact of their employees’ spending for the entire region.”
Iowa community hospitals generate more than 133,000 jobs that add nearly $6.2 billion to the state’s economy, according to IHA’s latest Iowa hospital economic impact report. In addition, Iowa hospital employees by themselves spend $1.8 billion on retail sales and contribute nearly $106 million in state sales tax revenue.