Sioux Falls, SD — One of the healthcare systems serving northwest Iowa has released some numbers about their financial impact to the region, and the news is good.
Sanford Health officials tell us the system boosted the economies of South Dakota, North Dakota, Minnesota, and Iowa by a total of $11.9 billion in 2020, according to a new study conducted by an external firm.
Bill Gassen, president and CEO of Sanford Health says that making their communities stronger and healthier is at the core of everything they do at Sanford Health. He says their economic activity supports families, neighborhoods, and communities for generations to come, and their growing workforce re-invests in the many areas they proudly call home.
Sanford Health officials tell us the system is the largest employer in South Dakota and one of the largest employers in North Dakota. In 2020, the study found that more than 73,000 jobs generating $4.7 billion in wages and earnings were directly and indirectly attributed to Sanford Health.
They say that in every community with a Sanford clinic, employee salaries are contributing significantly to the local economy. Households supported by Sanford Health spent $6.3 billion on goods and services in 2020.
Sanford Health contributed $4.5 billion to economic activity in South Dakota and $4.3 billion in North Dakota in 2020. Minnesota saw a $2.6 billion economic impact from Sanford Health, while Iowa benefited from $361.9 million in economic activity from Sanford.
The study was conducted by an external firm utilizing IMPLAN, a nationally recognized economic impact modeling system based on 2019 data to calculate the 2020 impact from Sanford operations in North Dakota, South Dakota, Minnesota, and Iowa. The methodology estimates economic relationships among industries, households, and government. This analysis includes both the Sanford Health Enterprise and Good Samaritan Society operations in these four states.
To view at the full impact report, visit sanfordhealth.org/communityimpact.
