IROQUOIS MEMORIAL HOSPITAL: IMH Economic Impact on the Area Significant
Iroquois Memorial Hospital issued the following announcement on July 13.
Iroquois Memorial Hospital and Resident Home’s total impact on the area’s local economy in 2016 was $83,146,299 and produced 736 jobs according to a study completed by the Illinois Hospital Association.
“The study reveals the importance of IMH to the local community in both quality healthcare and the ripple effect of the dollars we bring to the community and the jobs we help create,” said Tim Smith, IMH President/CEO. A breakdown of the IHA study shows IMH directly created 316 jobs while indirectly created another 418 jobs. The 736 jobs generated $48,849,366 in payroll.
Illinois healthcare in 2016 created 466,000 direct and indirect jobs with an economic impact of over $95.3 billion. While total Illinois employment has risen by.5% over the last fifteen years, healthcare employment has risen over 30% during that same period. The IHA also projects a growth of Illinois jobs in healthcare and social assistance to top 12.4% by 2024.
“IMH and hospitals throughout Illinois play a critical and irreplaceable role in building healthy communities and a strong economy. Lives and the economy depend on us. It is imperative that state and federal officials ensure funding to strengthen these efforts. IMH is committed to continually improving the health of those in our service area, increase access, and reduce costs.” added Smith.
Original source can be found here.