Kossuth Regional Health Center in Algona, IA

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KRHC Created $69.5 Million Impact On Local Economy In 2023

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A study by the Iowa Hospital Association found that in 2023, Kossuth Regional Health Center provided more than $1.1 million in total community benefits and served more than 41,700 people through community service programs.

Last year, KRHC generated 485 jobs that added $28.9 million in total wages. That is 8.9 percent of all wages in Kossuth County and 7.3 percent of all jobs in the county.

“Our team at KRHC is continuously striving to improve access to services for our patients,” said Collete McConnell, Chief Financial Officer at Kossuth Regional Health Center. “We remain a top employer in Kossuth County because of our team’s commitment to the health, wellness, and quality of life of those in our community.

She highlights the importance of a hospital in our rural community.

“I firmly believe that our hospital is not just a healthcare provider but a cornerstone of our local economy. By providing essential services and creating jobs, we are proud to contribute significantly to the economic vitality of our community,” said McConnell.

The study was compiled from hospital-submitted data to the American Hospital Association’s annual survey of hospitals. The study found that Iowa hospitals employed 137,841 people in 2023. As an income source, hospitals provided over $9 billion in wages. Hospital expenses accounted for over $21.3 billion of the state’s gross domestic product.

“Iowa’s hospitals and health systems implemented the programs and services accounted for in this study in response to their communities’ needs,” IHA President and CEO Chris Mitchell said. “Many of these programs and services wouldn’t exist without hospital support and leadership. With IHA’s advocacy, these efforts help ensure the financial stability of hospitals, making it possible for them to provide the services and programs most needed by the people they serve.”

The Iowa Hospital Association is a voluntary membership organization representing the interests of hospitals and health systems to business, government, and consumer audiences.

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