News & Events
St. Anthony Regional Hospital Creates $34 Million Impact on Local Economy

Monday, 26 January 2009

According to Gary Riedmann, St. Anthony Regional Hospital’s President, “St. Anthony’s mission is to provide healing and care for members of our community. This care is provided without regard to patients’ ability to pay.” St. Anthony continues to provide healthcare services in modern facilities with highly trained healthcare professionals to ensure healthier children and families, earlier detection of disease and safer environments.

 

St. Anthony provides mental health services and emergency room services at a financial loss to benefit the community. The hospital provides free perinatal and breast feeding classes which are an important commitment we have made to the community, along with education and support groups for people with heart disease, cancer, stroke, Alzheimer’s disease and lung conditions. Some of the benefits St. Anthony also provides to the greater Carroll area include community education programs, health screening programs, disaster planning, support groups and continuing medical education.

 

Included in the $34 million dollars of economic impact are over $1,512,301 to people who could not pay for all or part of their hospital care, as well as $1,079,910 in benefits to the community. In addition, losses to Medicare and Medicaid also figure into the community benefit equation because neither of these government programs fully cover the cost of care provided by St. Anthony. In 2008, Medicare payments fell $27 million dollars short of the amount St. Anthony billed the federal government to care for Medicare recipients while payments from Medicaid fell $3 million short.

 

St. Anthony, as a private, not-for-profit hospital, does not receive local property tax funds to support their healthcare services. As a major employer in the Carroll area, St. Anthony contributes over 600 jobs to the local economy with a payroll and benefits exceeding $25 million. St. Anthony’s employees positively impact the area’s economic sectors as they purchase goods, pay income and sales tax and participate in community activities.

 

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.

 

The study found that Iowa hospitals directly employ 72,220 people and create another 76,876 jobs outside the hospital sector.  As an income source, hospitals provide $3.3 billion in salaries and benefits and generate almost another $2.4 billion through other jobs that depend on hospitals.

 

In all, Iowa’s health care sector, which includes employed clinicians, long-term care services and assisted living centers, pharmacies and other medical and health services, directly and indirectly provides 366,072 Iowa jobs, or more than one-fifth of the state’s total employment.

 

“Even in these difficult economic times, Iowa hospitals remain major employers and business partners throughout the state,” said Kirk Norris, IHA president/CEO.  “In addition to providing essential health care and community services, hospitals are at the foundation of Iowa’s economic infrastructure.  The state’s economic security is clearly linked to maintaining the high-quality health care system we now enjoy.”

 


St. Anthony Regional Hospital & Nursing Home
311 S. Clark
Carroll, IA 51401