Philadelphia-Camden-Wilmington, PA, NJ, DE, MD
Philadelphia-Camden-Wilmington, PA, NJ, DE, MD
Q2 2011 - Market Summary
The near-term demand for health care workers in the Tri-state area slipped during Q2. Of note during the quarter, DE-based Christiana Care Health System announced plans for an ambulatory-care center in Western Delaware County and the Rutgers Board of Governors approved the creation of a comprehensive Rutgers School of Nursing at its Camden campus.
On a comparative basis, the strength of the Philadelphia metro health care labor market fell by 13% as measured by its Q2 LMPI score of 45.9, slightly lower than the national composite of 49.9.
Q2 Workforce Announcements
Christiana Care expanding into Pa., to open Delco center. June 24, 2011
Christiana Care Health System, Delaware’s largest health-care provider, is making a push into the suburban Philadelphia market with plans for an ambulatory-care center in western Delaware County.
http://www.bizjournals.com/philadelphia/print-edition/2011/06/24/christiana-care-expanding-into-pa-to.html
Hospitals and Health Systems
Source: US News & World Report
Education Programs Expansions and Closures
Rutgers-Camden to get School of Nursing. June 14, 2011
The Rutgers Board of Governors approved the creation of a comprehensive Rutgers School of Nursing at its Camden campus. The school will transform the existing department of nursing within the Rutgers-Camden College of Arts and Sciences into an academic unit that will develop master’s and doctoral programs.
http://www.bizjournals.com/philadelphia/news/2011/06/14/rutgers-camden-to-get-school-of-nursing.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 Philadelphia-Camden-Wilmington, PA, NJ, DE, MD market.
Source: www.census.gov accessed 7/7/2011
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 Philadelphia-Camden-Wilmington, PA, NJ, DE, MD market.
Source: www.bls.gov accessed 7/7/2011
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 5,838,471, 5th largest market
- U.S. Census Bureau Population #110 oldest market
- U.S. Census Bureau Population Growth 2.7%, 270th fastest growing market
- Executive Summary
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