Houston-Baytown-Sugar Land, TX
Houston-Baytown-Sugar Land, TX
Q3 2010 - Market Summary
The near-term demand for health care workers in the Houston metropolitan area improved during the third quarter of 2010. Of note, HealthSouth is planning to construct a new 40-bed inpatient rehabilitation hospital, Harris County Hospital District and the Methodist Hospital are both opening new outpatient centers, and Texas Children’s Hospital is building a new maternity center, set to open next year. Also, Memorial Hermann Healthcare, Texas Oncology and US Oncology Inc. are collaborating on a new cancer center at Memorial Hermann Memorial City, while MD Anderson is opening satellite facilities.
Overall, the Houston health care labor market strengthened compared to much of the rest of the country during Q3, registering an LMPI score of 49.21, a 28% improvement from the prior quarter vs. the national composite of 50.62, down 14% from Q2.
Q3 Workforce Announcements
HealthSouth plans Cypress building, acquires Sugar Land rehab facility. August 6, 2010
HealthSouth Corp. is expanding on multiple medical fronts in Houston. The Birmingham, Ala.-based hospital company plans to construct a new 40-bed inpatient rehabilitation hospital in the Cypress area.
http://houston.bizjournals.com/houston/stories/2010/08/09/story13.html
Collaboration creates cancer center. August 6, 2010
Memorial Hermann Healthcare System, Texas Oncology and US Oncology Inc. have joined forces to create a new cancer center at Memorial Hermann Memorial City Medical Center in West Houston. The collaboration involves the construction of a new 25,000-square-foot cancer center at Memorial Hermann Memorial City Medical Center.
The University of Texas M.D. Anderson Cancer Center has also opened satellite facilities in Clear Lake, Bellaire, The Woodlands, Fort Bend and Lake Jackson.
http://houston.bizjournals.com/houston/stories/2010/08/09/story14.html
Harris County sews up twin outpatient clinics. July 16, 2010
The Harris County Hospital District plans to construct two new outpatient specialty clinics in an effort to provide care similar to its private industry competitors in the Texas Medical Center.
The Methodist Hospital is also opening a new outpatient center, which is projected to handle 310,000 patient visits a year.
http://houston.bizjournals.com/houston/stories/2010/07/19/story3.html
Briefs: Texas Children’s maternity center set for completion in 2011. July 9, 2010
The new 796,000-square-foot maternity center at Texas Children’s Hospital will include a 15-floor maternity hospital, clinic and office space as well as some pediatric components.
http://houston.bizjournals.com/houston/stories/2010/07/12/focus4.html
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansions and Closures
Texas Medical Residents Forced To Leave The State. September 27, 2010
Texas medical school graduates hoping to find their dream training position increasingly are settling for positions outside the state as medical residency slots in Texas continue to shrink.
http://www.medicalnewstoday.com/articles/202593.php.
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 Houston-Baytown-Sugar Land, TX 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 Houston-Baytown-Sugar Land, TX market.
Source: www.bls.gov accessed 10/1/2010
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 5,728,143, #6 largest market
- U.S. Census Bureau Population 309th oldest market
- U.S. Census Bureau Population Growth 21.5%, #34 fastest growing market
- Executive Summary
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