Portland-Vancouver-Beaverton, OR-WA
Portland-Vancouver-Beaverton, OR
Q2 2010 - Market Summary
The demand for health care workers in the Portland metropolitan area remained fairly steady, although up slightly for the 2nd quarter of 2010. Of particular note during the quarter, Multnomah County approved a 16-bed mental health outpatient center. Also, OHSU is now employing a record 13,000 people and is stabilizing its finances. Finally, Kaiser Permanente Hillsboro and Adventist Medical Center are finishing expansions, which are likely some of the last for the region for the moment.
On a comparative basis, the strength of the Portland health care labor market held steady for Q2. Its LMPI score of 49.7 for Q2 2010, up 8% from the prior quarter, compares to the national composite index of 58.6, up 18% from the prior quarter.
Q2 Workforce Announcements
County OKs new mental health center. June 17, 2010
Multnomah County commissioners joined their Portland city colleagues in approving funding for a new area mental health center. The idea for the 16-bed center emerged from concerns from mental health advocates that the region lacks treatment facilities for those who can’t manage their symptoms on their own and do not need to stay in the hospital.
http://portland.bizjournals.com/portland/stories/2010/06/14/daily43.html
OHSU stabilizes finances, adds workers. April 23, 2010
The university now employs a record 13,000 people, up 500 from late 2008.
http://portland.bizjournals.com/portland/stories/2010/04/26/story3.html
Hospital building boom nears end. April 9, 2010
It’s likely Kaiser Permanente’s $359 million Hillsboro hospital will be the last the metro area will see for years. Oregon hospitals, which have spent more than $1.5 billion on construction and expansion over the past half decade, are scaling back on ambitious projects to instead build networks of much smaller clinics.
http://portland.bizjournals.com/portland/stories/2010/04/12/story4.html
Adventist Medical Center Completes Emergency Department Expansion. April 6, 2010
Adventist Medical Center has completed its third and final phase of its emergency department expansion. With this expansion, the hospital now has 32 beds in its emergency department, making it one of the largest in Portland.
http://www.earthtimes.org/articles/press/adventist-medical-center-completes-emergency-department-expansion,1236213.html
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansion and Closures
No notable education program expansion or contraction announcements 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 Portland-Vancouver-Beaverton, OR-WA 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 Portland-Vancouver-Beaverton, OR-WA 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 Portland-Vancouver-Beaverton, OR-WA market.
Source: www.bls.gov accessed 6/28/2010
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 2,207,462, #23 largest market
- U.S. Census Bureau Population #206 oldest market
- U.S. Census Bureau Population Growth 14.5%, #79 fastest growing market
- Executive Summary
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