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Atlanta-Sandy Springs-Marietta, GA


Atlanta-Sandy Springs-Marietta, GA
Q3 2010 – Market Summary

Despite new growth announcements, the near-term demand for health care workers in the Atlanta metropolitan area slowed during the third quarter of 2010, after a particularly strong second quarter. Of note, the WellStar Health System is planning an expansion from which it expects to create 500 new jobs. In the near future, the Northeast Georgia Medical Center will also get to start on an expansion in south Hall County.

Overall, the Atlanta health care labor market weakened during Q3 compared to the much of the rest of the country, registering an LMPI score of 54.3, down 29% from the prior quarter vs. the national composite index of 50.62, down 14% from the prior quarter.



Q3 Workforce Announcements

WellStar plans $140M expansion, new Paulding hospital, 500 jobs. September 13, 2010
 WellStar Health System Inc. expects to create about 500 jobs in an expansion that will include a new hospital at its Paulding County campus.
http://atlanta.bizjournals.com/atlanta/stories/2010/09/13/story5.html

NGMC gets OK for new hospital in Hall County. September 8, 2010
After a four-year battle, Northeast Georgia Medical Center will finally get the chance to expand in south Hall County. Northeast Georgia Health System will now start the planning phase for the new health-care campus.
http://atlanta.bizjournals.com/atlanta/stories/2010/09/06/daily19.html

MCG Health planning to renovate marrow unit. July 23, 2010
Augusta-based MCG Health Inc. plans to seek regulatory approval to renovate its six-bed bone marrow transplant unit. The $6 million renovation will double the unit’s bed capacity.
http://atlanta.bizjournals.com/atlanta/stories/2010/07/26/newscolumn3.html


Previous market news

Hospitals and Health Systems


Source: US News & World Report

Education Program Expansion and Closures

MCG launches expansion, fix for state doc shortage. July 19, 2010
Georgia’s only public medical school is expanding beyond its base in Augusta in an effort to cure the state’s chronic shortage of doctors. Starting next month, 40 Medical College of Georgia students will be taking classes at a new campus in Athens established in partnership with The University of Georgia. Another 17 MCG students began on-the-job training earlier this month in a new residential clinical program based at Phoebe Putney Memorial Hospital in Albany, Ga.
http://atlanta.bizjournals.com/atlanta/stories/2010/07/19/story4.html

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 Atlanta-Sandy Springs-Marietta, GA market.


Source: http://www2.standardandpoors.com accessed 10/1/2010

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 Atlanta-Sandy Springs-Marietta, GA market.

Source: www.census.gov accessed 10/1/2010

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 Atlanta-Sandy Springs-Marietta, GA market.


Source: www.bls.gov accessed 10/1/2010

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 5,376,285, #8 largest market
  • U.S Census Bureau Population 286th oldest market
  • U.S. Census Bureau Population Growth 26.6%, #20 fastest growing market
   

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