Regional Medical Center Generates $33 Million for Local Economy

Posted 4/10/2018 in Regional Medical Center

In all, Iowa’s Health Care Sector Provides More Than 330,000 Jobs Across State

Regional Medical Center (RMC) generates 450+ jobs that add $33,089,109 to the area economy, according to the latest study by the Iowa Hospital Association (IHA). In addition, RMC employees spend $5,984,570 on retail sales and contribute $359,074 in state sales tax revenue.

“Healthcare is vital to the economy in rural and urban areas,” said Charlie Button, MBA, Chief Executive Office. “RMC is Delaware County’s largest employer and therefore the largest contributor to our local economy. So we need community support as much as the community needs healthcare, close to home.”

As possible cuts to Medicaid and Medicare are contemplated, hospital services and jobs are put at risk – and with them a large part of the economy. Political leaders need to consider that when legislation and regulations financially impact hospitals and healthcare, they also impact jobs and business.

The IHA conducted a study that examined the jobs, income, retail sales, and sales tax produced by hospitals and healthcare sectors. The study found that Iowa hospitals employ 74,691 people and create another 57,586 jobs outside the hospital sector. As an income source, hospitals provide $4.8 billion in salaries and benefits and generate another $2.3 billion through other jobs that depend on hospitals.