DICKINSON COUNTY MEMORIAL HOSPITAL MAINTAINS …



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LAKES REGIONAL HEALTHCARE CREATES $18.4 MILLION IMPACT ON LOCAL ECONOMY

In all, Iowa’s Health Care Sector Provides 312,821 Jobs Across State

Spirit Lake, IA (March 7, 2016) - Lakes Regional Healthcare (LRH) generates 420 jobs that add $18.4 million to Dickinson County’s economy, according to the latest study by the Iowa Hospital Association. In addition, LRH employees by themselves spend $6.3 million on retail sales and contribute nearly $380,000 in state sales tax revenue.

“The timing of this report is particularly significant as we remind our congressional delegates as they consider health care reimbursement cuts. “We can’t minimize the importance of health care organizations in the state and the positive impacts they have in their respective communities,” said LRH President and CEO Jason Harrington. “It also provides an opportunity to point out that of the 42 county hospitals in Iowa, LRH has the second lowest tax levy of the 42 hospitals and is the 36th out of 42 in total tax dollars received, which almost entirely is utilized to fund the ambulance service. LRH is committed to being a good steward of the limited tax resources it receives in comparison to similar healthcare organizations in the state.”

The study found that Iowa hospitals directly employ 71,348 people and create another 44,935 jobs outside the hospital sector. As an income source, hospitals provide $4.3 billion in salaries and benefits and generate another $1.8 billion through other jobs that depend on hospitals.

In all, the Iowa 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 $15.5 billion to Iowa’s economy while directly and indirectly providing 312,821 jobs, or about one-fifth of the state’s total non-farm employment.

“With more than 300,000 jobs, health care is one of Iowa’s largest employers, and hospitals are by far the biggest contributor to that number,” said Kirk Norris, IHA President/CEO. “That impact carries through to local communities, where hospitals are often among the largest employers in Iowa cities and counties.”

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NEWS RELEASE

FOR MORE INFORMATION CONTACT:

JENNIFER GUSTAFSON

(712) 336-8799 (W)

(712) 339-5754 (C)

JENNIFER.GUSTAFSON@

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