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Phoenix-Mesa-Scottsdale, AZ

Phoenix-Mesa-Scottsdale, AZ
Q1 2010 - Market Summary

The near-term demand for health care workers in the Phoenix metropolitan area continued to strengthen during the first quarter of 2010 and the number of workers required to meet announced expansion plans will likely exceed the number of announced positions eliminated or deferred.

Of note during the quarter, construction began on the new 80-bed, 104,000-square-foot Arizona State Forensic Hospital, to be completed in September 2011. It was also announced that Chandler Regional Medical Center will begin on the first of two major expansions this year that will add more than 200 jobs to the hospital’s staff.

On a comparative basis, the Phoenix health care labor market remains strong relative to the rest of the country. Its HWS LMPI score of 58.2 for Q1 2010, up 15% from last quarter, was above the national composite of 49.9 for the quarter.


Q1 Workforce Announcements

Construction begins on $23M forensic hospital. March 9, 2010
Crews have begun construction on the Arizona State Forensic Hospital. The $23 million facility is scheduled to completed in September 2011. The 104,000-square-foot hospital will provide about 80 patient beds.
http://phoenix.bizjournals.com/phoenix/stories/2010/03/08/...

Chandler Regional set to expand, add jobs. February 13, 2010
Construction is expected to begin this year on the first of two major expansions at Chandler Regional Medical Center. A five-story tower will add 100 beds to the 225 beds the hospital now has, an almost 50 percent increase. The hospital also will enlarge its cardiac-catheterization labs. The two projects will add more than 200 jobs to the hospital’s staff.
http://www.azcentral.com/arizonarepublic/business/articles/2010...

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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,281,899, #12 largest market
  • U.S. Census Bureau Population #275 oldest market
  • U.S. Census Bureau Population Growth 31.7%, #11 fastest growing market


   

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