Orlando-Kissimmee, FL
Orlando-Kissimmee, FL
Q3 2010 - Market Summary
The near term demand for health care workers in the Orlando metropolitan area slowed considerably during Q3 2010 after a spike in Q2. Expansions announced this quarter were notably smaller compared to last quarter. Of note, Florida Hospital Waterman is adding an open heart surgery program early next year. The Walt Disney Pavilion is adding four peds operating rooms and 12 pre and post-operation rooms, in addition to a family lounge and consultation room. MD Anderson is collaborating with Orlando Health to provide cancer services at Dr. P. Phillips Hospital, and the Department of Veterans Affairs is hiring 160 new employees multispecialty clinic this year. Also, a new psychiatric hospital is waiting for approval, which could create 203 new jobs.
On a comparative basis, the strength of Orlando health care labor market weakened in Q3, but remained strong compared to rest of the country, registering an LMPI score of 53.8 vs. the national composite of 50.6, down 14% from the prior quarter.
Q3 Workforce Announcements
Florida Hospital Waterman adding open heart surgery program. September 17, 2010
Florida Hospital Waterman wants to start a new open heart surgery program in early 2011 - a move that involves a $5 million investment and creating up to 22 new high-wage jobs.
http://orlando.bizjournals.com/orlando/stories/2010/09/20/story8.html
Walt Disney Pavilion adds surgical suites. September 10, 2010
The Walt Disney Pavilion at Florida Hospital for Children is expanding its facility with four new pediatric operating rooms and 12 private pre- and post-operation rooms, plus a family lounge and consultation room.
http://orlando.bizjournals.com/orlando/stories/2010/09/06/daily30.html
M. D. Anderson Orlando expands. September 8, 2010
The M. D. Anderson Cancer Center Orlando has started providing cancer services at Orlando Health’s Dr. P. Phillips Hospital.
http://orlando.bizjournals.com/orlando/stories/2010/09/06/daily14.html
New psychiatric, rehab hospital beds proposed for Lake, Volusia. September 3, 2010
Two health care companies, Haven Behavioral Services of Florida LLC and Halifax Health, plan to seek state permission to start new medical programs in Lake and Volusia counties. If approved, these projects would create 203 permanent health care jobs
http://orlando.bizjournals.com/orlando/stories/2010/09/06/story6.html
Health care has jobs - and plenty of applicants for them. July 30, 2010
Central Florida hospitals are still hiring and expanding, but human resources managers said turnover is lower and there’s a flood of applicants for each opening. Health Central, Osceola Regional Medical Center and St. Cloud Regional Medical Center, are hiring dozens of new workers. And Florida Hospital plans to hire about 3,200 new employees this year - with about of a third of those being nurses.
Orlando Health also has plenty of openings, with 319 posted on its website, a quarter of which are nursing positions. About 1,500 were hired by Orlando Health in 2009 and the trend looks the same so far this year.
http://orlando.bizjournals.com/orlando/stories/2010/08/02/story9.html
VA hiring 160 for new $18M multispeciality clinic in The Villages. July 16, 2010
The Department of Veterans Affairs is hiring 160 new employees this year for a new $18 million multispecialty clinic set to open in late September in The Villages. And another 100 people will be hired to work there during the next few years.
http://orlando.bizjournals.com/orlando/stories/2010/07/19/story7.html
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansion and Closures
No notable education expansions or closures 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 Orlando-Kissimmee, FL 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 Orlando-Kissimmee, FL market.
Source: www.bls.gov accessed 10/1/2010
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 2,054,574, #27 largest market
- U.S. Census Bureau Population #177 oldest market
- U.S. Census Bureau Population Growth 24.9%, #26 fastest growing market
- Executive Summary
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