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Dallas-Ft. Worth-Arlington, TX

Dallas-Fort Worth-Arlington, TX
Q1 2010 - Market Summary

The demand for health care workers in the Dallas-Fort Worth-Arlington metropolitan area cooled in the 1st quarter of 2010, but the market remains strong and the number of workers required to meet announced expansion plans remains inadequate.

Of note during the quarter, Methodist McKinney Hospital opened for business with six fully-equipped operating rooms, comprehensive diagnostic imaging including CT and MRI services, and 15 private patient rooms. Texas Christian University also announced that it would be partnering with Texas Health Resources this fall on a clinical nurse leader (CNL) program.

On a comparative basis, the DFW health care labor market is still strong compared to much of the rest of the country. Its Q1 2010 LMPI score of 48.1 is inline with the national composite of 49.9, despite a 33% drop from the prior quarter.



Q1 Workforce Announcements

Methodist to open McKinney hospital. February 1, 2010
Methodist McKinney Hospital will officially open for business. It will feature six fully-equipped operating rooms, comprehensive diagnostic imaging including CT and MRI services, and 15 private patient rooms.
http://dallas.bizjournals.com/dallas/stories/2010/02/01/daily41.html

Texas Health Resources and TCU to launch nursing program. January 15, 2010
Texas Christian University will be partnering with Texas Health Resources this fall to bring a new brand of health care professional to North Texas hospitals - the clinical nurse leader. The clinical nurse leader master’s degree program at TCU’s Harris College of Nursing & Health Sciences in Fort Worth will usher in 20 students this fall.
http://dallas.bizjournals.com/dallas/stories/2010/01/18/story10.html

Previous market news


Hospitals and Health Systems

Source: US News & World Report


Education Program Expansion and Closures

No notable education program expansions and closures announced during Q1 2010.


Education Programs

Source: The Integrated Postsecondary Education Data System


Health of the Local Economy

Declining home prices may cause healthcare employees to seek additional hours from current employers, delay retirement plans and be more willing to relocate for a better job opportunities. Below is the Case-Shiller Home Price Index for the overall Dallas-Fort Worth-Arlington, TX market.

Source: http://www2.standardandpoors.com accessed 3/31/2010

Lower home ownership rates reduce the impact of home price fluctuations and increase the willingness of healthcare employees to relocate for better job opportunities. Below are home ownership rates for the overall Dallas-Fort Worth-Arlington, TX market.

Source: www.census.gov accessed 3/18/2010

The recent rising unemployment rates create new demands for health services. Higher unemployment shifts the mix away from higher margin procedures to more primary care in the emergency room and critical care for conditions that should have been treated early at a primary care physician. In general, rising unemployment also reduces turnover and engagement of employed workers, while low unemployment tends to increase intra market churn. Below are unemployment rates for the overall Dallas-Fort Worth-Arlington, TX market.

Source: www.bls.gov accessed 3/18/2010

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 6,300,006 #4 largest market
  • U.S. Census Bureau Population #304 oldest market
  • U.S. Census Bureau Population Growth 22.1%, #32 fastest growing market


   

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