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Baltimore-Towson, MD


Baltimore-Towson, MD
Q1 2011 – Market Summary

The near term demand for health care workers in the Baltimore metro area improved more than any other major metro in Q1. Of note, were 4,500 jobs open in Baltimore’s health systems. Also, Anne Arundel and Johns Hopkins are working to build a new community health center near Odenton. CareFirst is looking to hire as many as 200 nurses in a new primary care medical home program, and Kennedy Krieger is hiring for 50 positions. Finally, the Maryland Health Care Commission approved Holy Cross Hospital’s plan for a 93-bed hospital in Montgomery County.

On a comparative basis, the Baltimore health care labor market improved notably in Q1, registering a Q1 LMPI score of 72.5, up 40% from the prior quarter and favorably compared to the national composite of 51.5.



Q1 Workforce Announcements

Hopkins, Anne Arundel Health to build $14M center in Odenton. March 23, 2011
 The latest affiliation of health systems includes Baltimore’s Johns Hopkins Medicine and Anne Arundel Health System, who have teamed up to build a new $14 million, 60,000-square-foot community health center near Odenton. The project, part of the larger Odenton Gateway development, will include primary and specialty care services and could open by the end of 2012 or early 2013,
http://www.bizjournals.com/baltimore/news/2011/03/23/hopkins-anne-arundel-health-to-build.html

Baltimore health systems hiring 4,500. March 18, 2011
There are more than 4,500 jobs at Greater Baltimore’s health systems, which were dug up while researching lists of the largest health systems and busiest hospitals in the Baltimore area.
http://www.bizjournals.com/baltimore/blog/2011/03/baltimore-health-systems-hiring-4500.html

CareFirst scouts for up to 200 nurses as part of rewards program. March 2, 2011
To help build its new primary care medical home program, CareFirst BlueCross BlueShield expects to contract with as many as 200 nurses to help doctors coordinate patients’ care. The goal of the medical home initiative is to lower the cost of medical care by reducing hospital admissions and costly ER visits while identifying and treating illnesses more effectively.
http://www.bizjournals.com/baltimore/blog/2011/03/carefirst-scouts-for-up-to-200-nurses.html

Holy Cross Hospital plan for Montgomery County hospital approved. January 20, 2011
The Maryland Health Care Commission approved Holy Cross Hospital’s planned 93-bed new hospital in Germantown on Thursday, choosing the Silver Spring-based provider over a rival proposal from Adventist HealthCare.
http://www.bizjournals.com/baltimore/news/2011/01/20/holy-cross-hospital-plan-for.html

Kennedy Krieger hiring dozens in Baltimore. January 4, 2011
Kennedy Krieger Institute, one of the region’s most recognized names in youth health, is hiring for 50 positions across Greater Baltimore for a variety of openings.
http://www.bizjournals.com/baltimore/blog/2011/01/kennedy-krieger-hiring-dozens-in.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 2011.

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 Baltimore-Towson, MD market.

Source: www.census.gov accessed 3/29/2011

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 Baltimore-Towson, MD market.

Source: www.bls.gov accessed 3/29/2011

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,667,117, #20 largest market
  • U.S. Census Bureau Population #121 oldest market
  • U.S. Census Bureau Population Growth 4.5%, #235 fastest growing market
   

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