Site icon Carroll Broadcasting Company

Stewart Memorial Generated $66.2 Million In Economic Activity In 2024

stewart-memorial-hospital-and-clinics-smhc

Stewart Memorial Hospital and Clinics generated more $66.2 million in economic activity for the state in 2024. According to the Iowa Hospital Association’s (IHA) latest economic impact survey, Stewart Memorial’s expenditures totaled $37.29 million, and just under 60 percent of that figure goes to maintaining its 247-person workforce. The data shows $22.05 million was paid out in wages and benefits in 2024, which are then spent in and around the area at local businesses. An estimated 16 percent of wages paid in Calhoun County come from Stewart Memorial, and the hospital accounts for approximately 8.7 percent of the county’s gross domestic product (GDP). In addition to the direct economic impact, Stewart Memorial also delivered $1.9 million in community benefits via charitable care or uncollectible debt for medical services. A link to view the full dataset for Stewart Memorial is included with this story on our website. Statewide, Iowa hospitals generated $22.9 billion in economic activity and employ nearly one in 10 Iowans. Carroll Broadcasting will bring you more from the region’s other hospitals in upcoming newscasts.