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Sacramento-Arden-Arcade-Roseville, CA

Sacramento-Arden-Arcade-Roseville, CA
Q1 2010 - Market Summary

After outperforming much of the rest of the country last quarter, the near-term demand for health care workers in the Sacramento area was significantly impacted by the announcement of 185 jobs lost at Fremont-Rideout Health Group. Also of note during the quarter, Crestwood Behavioral announced that it had received approval to open 12 acute-care psychiatric beds at its Carmichael facility.

Comparatively, the Sacramento area health care labor market had a tough quarter relative to much of the rest of the country, particularly after a stellar Q4 in 2009. Its LMPI score of 17.5, was down 79% from the prior quarter, and compared negatively to the national composite of 49.9, down only 8% from the prior quarter.


Q1 Workforce Announcements

Fremont-Rideout to cut 185 jobs in consolidation. March 2, 2010
Fremont-Rideout Health Group will lay off 185 non-nursing employees and move most services out of Fremont Medical Center by May 1, with officials saying a combination of lower patient volume and severe downturns in reimbursements for care are to blame.
http://behavioralhealthcentral.com/index.php/20100302212029/Business-News/fremont-rideout-to-cut-185-jobs-in-consolidation-appeal-democrat-marysville-calif.html

County puts up $1M for a dozen mental health beds. February 5, 2010
Crestwood Behavioral Health Inc. got the go-ahead Tuesday to open 12 acute-care psychiatric beds at its Carmichael facility to Sacramento County patients. Crestwood hires 34 people to staff the new psychiatric unit.
http://sacramento.bizjournals.com/sacramento/stories/2010/...

Capital healthcare industry is booming. January 30, 2010
Mercy San Juan’s new tower was cited in a recent report ranking Sacramento as the nation’s fastest growing market for health care jobs. The six-story project added 110 beds and nearly 200 new jobs to the hospital. Despite some delays in construction projects, and even some layoffs, the health care industry has been a solid anchor for the region in a sea of job losses and sinking fortunes.
http://www.sacbee.com/2010/01/30/2500982/capital-health-care-industry-is.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report


Education Program Expansions 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

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 Sacramento-Arden-Arcade-Roseville, CA 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 Sacramento-Arden-Arcade-Roseville, CA market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,109,832, #25 largest market
  • U.S. Census Bureau Population #191 oldest market
  • U.S. Census Bureau Population Growth 17.4%, #53 fastest growing market


   

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