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Atlanta-Sandy Springs-Marietta, GA


Atlanta-Sandy Springs-Marietta, GA
Q2 2010 – Market Summary

The near term demand for health care workers in the Atlanta metropolitan area improved considerably during the 2nd quarter of 2010. Of particular note, WellStar Health System announced plans for an outpatient campus that would employ more than 300 and expand the provider’s footprint in east Cobb County, and Childrens Healthcare also announced plans for an outpatient medical center in Cumming, the first phase of a 28-acre medical campus that could include a new 100-bed hospital. Northside Hospital Health System also announced plans to develop a multi-specialty outpatient surgery center in Alpharetta, a project that will create 150 jobs.

On a comparative basis, the Atlanta health care labor market outperformed much of the rest of the country during Q2, registering an LMPI score of 77.0, up 69% from the prior quarter and comparing favorably to the national composite index of 58.6.



Q2 Workforce Announcements

Children’s expands up Ga. 400. June 18, 2010
 Children’s Healthcare of Atlanta is planning an outpatient medical center in Cumming - the first phase of a 28-acre medical campus that could include a new 100-bed hospital. The Atlanta health system’s suburban expansion is a reaction to the growth of the northern suburbs.
http://atlanta.bizjournals.com/atlanta/stories/2010/06/21/story5.html

Northside plans Alpharetta surgery center. May 28, 2010
Northside Hospital health system plans to develop a multi-specialty outpatient surgery center in Alpharetta. The project comes as Northside seeks regulatory approval for a more than $50 million expansion and renovation of its Forsyth satellite hospital - a project that will create about 150 jobs.
http://atlanta.bizjournals.com/atlanta/stories/2010/05/31/story5.html

WellStar Kennestone building outpatient center. May 14, 2010
A roughly $35 million outpatient center is being built at WellStar Kennestone Hospital. The center will focus on women’s services and include OB/GYN and perinatal physician groups and will be connected to the WellStar Women’s Center.
http://atlanta.bizjournals.com/atlanta/stories/2010/05/17/newscolumn4.html

WellStar plans campus in East Cobb. May 14, 2010
WellStar Health System Inc. is mapping plans for an outpatient campus that would employ more than 300 and expand the provider’s footprint in booming east Cobb County. Outpatient services are a critical component of WellStar’s strategic plan, helping decongest crowded hospital campuses and bringing care closer to where patients live.
http://atlanta.bizjournals.com/atlanta/stories/2010/05/17/story2.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 Q2 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 Atlanta-Sandy Springs-Marietta, GA market.


Source: http://www2.standardandpoors.com accessed 6/28/2010

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 Atlanta-Sandy Springs-Marietta, GA market.

Source: www.census.gov accessed 6/28/2010

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 Atlanta-Sandy Springs-Marietta, GA market.


Source: www.bls.gov accessed 6/28/2010

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 5,376,285, #8 largest market
  • U.S Census Bureau Population 286th oldest market
  • U.S. Census Bureau Population Growth 26.6%, #20 fastest growing market
   

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