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Orlando-Kissimmee, FL

Orlando-Kissimmee, FL
Q2 2010 - Market Summary

The near-term demand for health care workers in the Orlando metropolitan area showed significant improvement during the second quarter of 2010. After a slight weakening during the first quarter, the index shows the Orlando area to be one of the strongest.

Of note during the quarter, HCA is opening a 60-bed sister hospital to Osceola Regional Hospital by 2013. Orlando Health is expanding its pediatric clinic network to add a 4th site for rotating physician specialists. The Florida Hospital Cancer Institute is opening its 6th medical and radiation oncology services center in Kissimmee. Also, the Ohme Inpatient Rehabilitation Center is expanding by 7 beds, and the Florida Hospital for Children is adding neonatal ICU rooms. Most significantly, the Orlando VA Medical Center project is estimated to add 1000 new healthcare related jobs upon completion.

On a comparative basis, the Orlando health care labor market is now the strongest of the other major metropolitan areas across the country registering an LMPI score of 119.23 for Q2 2010, compared to the national composite index of 58.6, and up 142% from the prior quarter.



Q2 Workforce Announcements

HCA buys 10 acres for 60-bed hospital, medical office complex. June 18, 2010
 The land will be used for a medical office building of up to 60,000 square feet and a $120 million, 60-bed hospital that will be a sister facility to HCA’s Osceola Regional Hospital in Kissimmee that should be up and running by 2013.
http://orlando.bizjournals.com/orlando/stories/2010/06/21/story7.html

Orlando Health expands pediatric clinic network. May 28, 2010
Orlando Health is expanding its network of Arnold Palmer Hospital for Children’s pediatric specialist clinics, adding its fourth site. The new 3,000-square-foot clinic will have three to five permanent staff, plus 31 physician specialists who rotate between the four clinics.
http://orlando.bizjournals.com/orlando/stories/2010/05/31/story11.html

Florida Hospital Cancer Institute opens 6th center. May 19, 2010
The Florida Hospital Cancer Institute has opened its newest center at Florida Hospital Kissimmee. The center also offers medical and radiation oncology services including chemotherapy, clinical trials and access to sub-specialty services.
http://orlando.bizjournals.com/orlando/stories/2010/05/17/daily18.html

Grace Medical Home opening. May 11, 2010
Grace Medical Home, a new primary care nonprofit practice serving uninsured Central Florida residents.
http://orlando.bizjournals.com/orlando/stories/2010/05/10/daily11.html

Leesburg rehab center expands. May 3, 2010
The Ohme Inpatient Rehabilitation Center in Leesburg has added seven beds.
http://orlando.bizjournals.com/orlando/stories/2010/05/03/daily3.html

VA bidding out $250M-$300M hospital project. April 16, 2010
The Department of Veterans Affairs is seeking bids for the next piece of its $665 million Orlando VA Medical Center project - a much-anticipated $250 million-$300 million hospital. The project will create an estimated 1,000 new permanent health care-related jobs.
http://orlando.bizjournals.com/orlando/stories/2010/04/19/story4.html

Florida Hospital expanding neonatal unit. April 2, 2010
Florida Hospital for Children is adding 20 private neonatal intensive care unit rooms, bringing the total number of beds to 81.
http://orlando.bizjournals.com/orlando/stories/2010/03/29/daily34.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

New nursing degree programs on tap. April 16, 2010
Two area colleges will launch new bachelor’s degree programs in nursing this fall as hospitals clamor to hire more highly educated nurses. The Florida Hospital College of Health Sciences will offer a bachelor’s degree in nursing. Valencia Community College is partnering with the University of Central Florida on a nursing program that will let students get a bachelor’s degree faster.
http://orlando.bizjournals.com/orlando/stories/2010/04/19/story9.html

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 Orlando-Kissimmee, FL 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 Orlando-Kissimmee, FL market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,054,574, #27 largest market
  • U.S. Census Bureau Population #177 oldest market
  • U.S. Census Bureau Population Growth 24.9%, #26 fastest growing market
   

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