IHA Study Determines Wheaton Franciscan Healthcare-Iowa

posted 3/3/2017 in News

Wheaton Franciscan Healthcare-Iowa (Wheaton Iowa) has a more than $240 million impact on the local county economy, according to a 2017 economic report from the Iowa Hospital Association (IHA). The amount not only includes income for hospital associates, but business and household needs of hospital employees create a multiplier effect that also supports additional jobs in the area.

Specifically, the IHA determined Covenant Medical Center accounts for a $210 million impact on Black Hawk County, and Sartori Memorial Hospital contributes more than $19 million. Mercy Hospital of Franciscan Sisters makes an $8.9 million dollar impact on the Fayette County economy.

“Because of the hard work of our associates, health care providers, volunteers and friends, we are able to advance the Wheaton Franciscan Healthcare Mission,” said Jack Dusenbery, president and CEO of Wheaton Iowa. “We are committed to offering services and programs that improve the health of the communities we serve.”

Statewide, the IHA study determines Iowa hospitals provide more than 72,000 jobs that pay more than $4.5 billion in salaries and benefits statewide. In total, more than 116,000 additional jobs are tied to Iowa hospitals, creating an overall impact that is worth nearly $6.8 billion to Iowa's economy.

The IHA study also examined the economic impact of other sectors in the state's health care industry, including nursing homes and residential care, pharmacies, ambulatory health care services, home health care services, and physicians, dentists and other health practitioners.

You can read the findings of the Iowa Hospital Association’s county-by-county analysis here.