HANCOCK COUNTY – Hancock County Health System generates 245 jobs that add $10.6 million to the county's economy, according to the latest study by the Iowa Hospital Association.
In addition HCHS employees by themselves spend $1.7 million on retail sales and contribute $103,800 in state sales tax revenue.
"Hancock County Health System not only takes care of the medical needs of area residents, but it also helps create an economically healthy community as well," said Laura Zwiefel, CEO/CNO, HCHS.
"There is no doubt that Hancock County Health System, with the hospital, its services, community health, and the clinics, has a positive economic impact on the area while at the same time has an equally important role of providing vital health services to the residents," said Jill Kramer, Executive Director, Hancock County Economic Development Director. "Having HCHS right here is also a benefit when recruiting businesses to our area."
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.