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Phoenix-Mesa-Scottsdale, AZ

Phoenix-Mesa-Scottsdale, AZ
Q2 2011 - Market Summary

The near-term demand for health care workers in the Phoenix metro area rebounded notably during Q2. Of particular note, Abrazo Health announced plans to hire nearly 500 people to help support its growth, Phoenix Children’s plans to fill 200 positions this year, Scottsdale Healthcare needs to hire 2,000 people to replace retirees and others leaving the hospital (it has already hired 1,000 this year), and Banner Health, the state’s largest health system, plans to fill 1,100 jobs by the end of this year.

On a comparative basis, the Phoenix health care labor market was stronger than any other market during the quarter registering a Q2 LMP score of 84.1, up 59% from the prior quarter, and compared to the national composite of 49.9.





Q2 Workforce Announcements

Help wanted: Phoenix-area hospitals looking to hire 4,000. June 17, 2011
Valley hospitals have jobs aplenty, with about 4,000 openings currently available for qualified candidates:
Abrazo Health Care, which operates five local hospitals, is gearing up to hire nearly 500 people this year to support its growth. The hospital system hired more than 200 people in May and now is looking to fill about 150 nursing positions.
Phoenix Children’s Hospital plans to fill 200 positions this year to support growth. That’s in addition to the 300 staff members who came from St. Joseph’s Hospital and Medical Center when that hospital transferred its pediatric services to PCH.
Scottsdale Healthcare needs to hire 2,000 people to replace retirees and others leaving the hospital. It’s already hired 1,000 employees this year.
Banner Health, the state’s largest health system, plans to fill 1,100 jobs by the end of this year.
The Orthopedic and Spine Inpatient Surgical Hospital in Phoenix opened this week with 110 new employees, and officials there expect to hire 40 more as the facility ramps up this year. In addition, 250 jobs will be created when the Peoria Regional Medical Center opens next summer.
http://www.bizjournals.com/phoenix/print-edition/2011/06/17/help-wanted-phoenix-area-hospitals.html?page=all

St. Luke’s Medical Center to open burn center, hire 40. May 4, 2011
St. Luke’s Medical Center is opening a new burn center only a few miles from the world-renowned burn center at Maricopa Medical Center. The new center will create about 40 new jobs, including nurses, therapists and psychologists.
http://www.bizjournals.com/phoenix/news/2011/05/04/st-lukes-medical-center-to-open-burn.html


Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

No notable education program expansions and closures announced during Q2 2011.

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 Phoenix-Mesa-Scottsdale market.


Source: http://www2.standardandpoors.com accessed 7/7/2011

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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale market.

Source: www.bls.gov accessed 7/7/2011

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,281,899, #12 largest market
  • U.S. Census Bureau Population #275 oldest market
  • U.S. Census Bureau Population Growth 31.7%, #11 fastest growing market


   

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