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Charlotte-Gastonia-Concord, NC-SC

Charlotte-Gastonia-Concord, NC-SC
Q3 2010 - Market Summary

The near-term demand for health care workers in the Charlotte metropolitan area declined slightly third quarter of 2010, yet the number of workers required to meet announced expansion plans will likely exceed the number of announced positions eliminated or deferred.

Of particular note during the quarter, Carolinas HealthCare System’s plan to add two new emergency departments within the next year has been approved. CHS is also completing the final phase of its expansion at the Pineville campus, adding nearly 100 beds. However, Presbyterian Healthcare announced it closed the pediatric unit at its Matthews hospital this quarter.

On a comparative basis, the Charlotte health care market is still stronger than most of the other major metropolitan areas across the country registering an LMPI score of 61.60 for Q3 2010, compared to the national composite index of 50.62.



Q3 Workforce Announcements

Carolinas HealthCare OKs two ERs. September 15, 2010
 The board at Carolinas HealthCare System has approved the construction of freestanding emergency departments in Huntersville and Kannapolis. Both are slated for completion in October 2011.
http://charlotte.bizjournals.com/charlotte/stories/2010/09/13/daily20.html
 http://www.charlotteobserver.com/2010/09/15/1693028/cmc-will-build-er-facilities-in.html

CMC-Pineville in expansion mode. July 23, 2010
 Carolinas HealthCare System is seeing increased demand at its Pineville hospital as patients seek care closer to home. In response, the Charlotte health-care system is beginning the final phase of a $269 million project to add facilities and health-care services at CMC-Pineville. They are adding a six-story, 285,000-square-foot bed tower to the 37-acre campus. That addition, slated for completion in 2012, will expand the hospital to 206 beds from 109.
http://charlotte.bizjournals.com/charlotte/stories/2010/07/26/story12.html

Presby to close pediatric unit. July 22, 2010
 Presbyterian Healthcare is closing the pediatric department at its Matthews hospital.
The Charlotte-based health-care provider will consolidate the 10-bed pediatric-inpatient unit with Presbyterian Hemby Children’s Hospital beginning Aug. 1. The decision affects 17 employees. Presbyterian is working with those employees to transfer or be reassigned.
http://charlotte.bizjournals.com/charlotte/stories/2010/07/19/daily37.html

Previous market news

Hospitals & Health Systems

Source: US News & World Report

Education Program Expansion 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

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 Charlotte-Gastonia-Concord, NC-SC 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 Charlotte-Gastonia-Concord, NC-SC 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 Charlotte-Gastonia-Concord, NC-SC market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 1,701,799, 34th largest market
  • U.S Census Bureau Population 228th oldest market
  • U.S. Census Bureau Population Growth 27.9%, 16th fastest growing market
   

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