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St. Louis, MO-IL

St. Louis, MO-IL
Q2 2010 - Market Summary

The near-term demand for health care workers in the St. Louis metropolitan area improved during the second quarter of 2010. The St. Louis index returned to its steady rate after a downturn in the first quarter this year.

Of note during this quarter, Metropolitan St. Louis Psychiatric Center is closing its short-term acute psychiatric unit and laying off 31 employees. Also, Select Medical is laying off 66 workers at its Manchester business office. However, it was also announced that several healthcare construction projects are resuming after previously being delayed because of the recession.

Overall, the St. Louis health care labor market strengthened compared to much of the rest of the country during Q2, registering an LMPI score of 47.3, a 30% improvement from the prior quarter vs. the national composite of 58.6, up 18% from Q1.



Q2 Workforce Announcements

Select Medical to close Manchester office, lay off 66. June 11, 2010
 Select Medical Corp. plans to close a Manchester, Mo., billing office for its outpatient rehabilitation business and lay off 66 workers.
http://stlouis.bizjournals.com/stlouis/stories/2010/06/07/daily56.html

SSM St. Joseph renovates ER, nursery. May 28, 2010
SSM St. Joseph Health Center is working on an $8.2 million project to double the capacity of its emergency department. The newly expanded department will have 24 private rooms and four trauma bays.
http://stlouis.bizjournals.com/stlouis/stories/2010/05/31/focus5.html

Health-care construction bouncing back from lull. April 30, 2010
Workers broke ground on the $237 million Good Samaritan Regional Health Center, a 359,000-square-foot replacement hospital. The project had been delayed for more than a year because of the recession.
Another delayed project announced plans to ramp up pre-construction work after a year of being on hold: Shriners Hospital for Children, including 40 inpatient beds, four surgical suites and 30 clinic examination rooms.
SSM St. Clare Health Center in Fenton is also moving forward with a $4.8 million expansion to add a 20-bed inpatient unit.
Missouri Baptist Medical Center is spending $130 million on a new 227,000-square-foot, six-story patient tower and parking garage.
St. Mary’s Health Center in Jefferson City, a $200 million replacement hospital that will include 167 all-private patient rooms.
http://stlouis.bizjournals.com/stlouis/stories/2010/05/03/focus12.html
http://www.bizjournals.com/stlouis/stories/2010/04/12/daily30.html

Missouri closing unit at St. Louis psychiatric center. April 15, 2010
The state of Missouri is closing the short-term acute care psychiatric unit at Metropolitan St. Louis Psychiatric Center and will lay off 31 employees at the center’s emergency room.
http://stlouis.bizjournals.com/stlouis/stories/2010/04/12/daily43.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansions and Closures

No notable education program expansions or closures in 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 St. Louis, MO-IL 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 St. Louis, MO-IL market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,816,710, #18 largest market
  • U.S. Census Bureau Population #130 oldest market
  • U.S. Census Bureau Population Growth 4.4%, #239 fastest growing market
   

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