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Riverside-San Bernardino-Ontario, CA

Riverside-San Bernardino-Ontario, CA
Q2 2010 - Market Summary

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

Of note during the quarter, Loma Linda University announced its new 24-bed rehabilitation hospital for patients with amputations or serious brain and spinal cord injuries. Also, St. Bernardine Medical Center and Riverside Medical Clinic announced that they have partnered with March Healthcare Development to build a 150-bed hospital on former March Air Force Base property.

On a comparative basis, the Riverside-SB health care market is now stronger than most of the other major metropolitan areas across the country registering an LMPI score of 111.4 for Q2 2010, compared to the national composite index of 54.4, and up 143% from the prior quarter.



Q2 Workforce Announcements

Parkview misses deadline, sale possible. June 10, 2010
 Parkview Community Hospital Medical Center in Riverside missed its latest deadline to pay its estimated $27 million debt, opening the door for its possible sale next month.
http://www.pe.com/localnews/healthcare/stories/PE_News...

March medical project lines up hospital deal. June 2, 2010
St. Bernardine Medical Center and Riverside Medical Clinic announced that they have partnered with March Healthcare Development to build a 150-bed, 3.5 million-square-foot, $384.5 million hospital and care facility on a 150-acre former March Air Force Base property.
http://www.californiahealthline.org/articles/2010/6/4/…
http://www.pe.com/localnews/stories/PE_News_Local_...

Rehab hospital unveiled at Loma Linda University. May 26, 2010
Loma Linda University unveiled its new 24-bed, $32 million rehabilitation hospital for patients with amputations or serious brain and spinal cord injuries.
http://www.californiahealthline.org/articles/2010/5/28/...
http://www.pe.com/localnews/sbcounty/stories/PE_News...

Expansion project at San Gorgonio Memorial Hospital continues. May 23, 2010
The work to expand the Banning hospital is being financed by a $108 million local bond measure that passed in March 2006. A helipad, new road, cooling tower and oxygen farm have been built and underground utilities have been put in place.
http://www.pe.com/localnews/healthcare/stories/PE_News...

San Bernardino pediatric cancer clinic to open Tuesday. April 24, 2010
Loma Linda University Children’s Hospital will open its new pediatric cancer clinic in San Bernardino on Tuesday. It is expected to serve about 800 children a year for doctor visits, laboratory work and medication infusions.
http://www.pe.com/localnews/sbcounty/stories/PE_News...

Inland Empire Grapples With Shortage of Hospital Beds. April 12, 2010
After undergoing staggering population growth during the housing boom, southwest Riverside County is now grappling with a serious shortage of hospital beds. Steps are being taken to expand existing facilities and construct new hospitals, but a number of recent events have hindered several projects, further delaying the addition of much needed beds.
Two of the three Southwest Healthcare Systems expansion projects have become mired in regulatory problems in recent months and have yet to open.
Loma Linda University Medical Center is on track to open a $211 million, full-service hospital in Murrieta in the first quarter of 2011. The hospital will have 106 beds.
Financial difficulties will likely prevent any expansion in the near future at Menifee Valley Medical Center in Sun City, the third existing health care facility serving the area. The facility has 84 beds.
http://www.californiahealthline.org/features/2010/inland-...

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansions and Closures

No notable education announcements during Q2 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 Riverside-San Bernardino-Ontario, CA 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 Riverside-San Bernardino-Ontario, CA market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,115,871, #14 largest market
  • U.S. Census Bureau Population #319 oldest market
  • U.S. Census Bureau Population Growth 26.5%, #22 fastest growing market
   

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