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Baltimore-Towson, MD

Baltimore-Towson, MD
Q3 2010 – Market Summary

The near-term demand for health care workers in the Baltimore metropolitan area continued to remain steady during the third quarter of 2010. Of note during the quarter, the University of Maryland Medical Center is undertaking notable renovations at a trauma center, including additional beds. Also, Bravo Health and Mercy Medical have new clinics opening in the area.

On a comparative basis, the Baltimore health care labor market remains steady relative to the rest of the country. Its HWS LMPI score of 51.40 for Q3 2010, consistent with last quarter, is slightly above the national composite of 50.62 for the quarter.


Q3 Workforce Announcements

Building boom in unhealthy market. September 17, 2010
 A down economy didn’t deter the University of Maryland Medical Center from looking up. An aging trauma center taxed heavily from seeing 8,000 patients annually in a facility designed for 3,500 warranted an upgrade. The renovated trauma center will include 64 new and replacement critical care beds and 10 new operating rooms.
http://baltimore.bizjournals.com/baltimore/stories/2010/09/20/focus1.html

‘Overflow’ of patients spurs Bravo Health to open Baltimore clinic. September 3, 2010
Bravo Health Inc., a Baltimore company that provides Medicare Advantage insurance plans to seniors, is opening up a new health care center for its members in October. The 13,000-square-foot center, will provide both urgent care and more complex care aimed at treating chronic conditions.
http://baltimore.bizjournals.com/baltimore/stories/2010/09/06/story10.html

Mercy Medical to ‘ring the beltway’ with clinics. August 22, 2010
As demand for health care services increases - especially in primary care - Mercy, like other hospitals, is rethinking how it does business. Mercy Medical Center is expanding in an unconventional way as it braces for health care reform; it’s taking over a grocery store. The new building will have room for 15 primary care providers.
http://baltimore.bizjournals.com/baltimore/stories/2010/08/23/story4.html

Celtic Healthcare Hiring In Owings Mills. August 17, 2010
Health care is a part of Maryland’s economy that has had up well during the economic downturn and a reliable source of employment.
Earlier this month, St. Joseph Medical Center and LifeBridge Health have 125 job openings combined. Also, Johns Hopkins Hospital hired 400 people back in June.
http://baltimore.bizjournals.com/baltimore/blog/2010/08...

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansions and Closures

No notable education program expansions and closures announced during Q3 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 Baltimore-Towson, MD 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 Baltimore-Towson, MD market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,667,117, #20 largest market
  • U.S. Census Bureau Population #121 oldest market
  • U.S. Census Bureau Population Growth 4.5%, #235 fastest growing market
   

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