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Phoenix-Mesa-Scottsdale, AZ

Phoenix-Mesa-Scottsdale, AZ
Q3 2010 - Market Summary

The near-term demand for health care workers in the Phoenix metropolitan area improved during the third quarter of 2010.  Of note during the third quarter was the continuation of delayed construction on the new Florence Hospital.  Construction had been delayed due to the economic downturn but resumed on the 40-bed hospital.  Also, the new Banner Psychiatric Center opened, expecting to create 50 new jobs.

Overall, the Phoenix health care labor market strengthened compared to much of the rest of the country during Q3, registering an LMPI score of 49.45, a 29% improvement from the prior quarter vs. the national composite of 50.62, which was down 14% from Q2.


Q3 Workforce Announcements

Construction is about to pick up again, with new hospital on the horizon in about a year. September 9, 2010
After a slight delay due to the difficult economic times, construction continues on what will be called Florence Hospital at Anthem. The hospital will have 20 multipurpose beds and 20 emergency beds. The Florence hospital will start with a nursing staff of 75 to 120 initially, with 225 full-time employees expected to be on board when the facility opens.
 http://trivalleycentral.com/articles/2010/09/09/florence…



Banner Behavioral Health set to open psychiatric ER. August 27, 2010
Banner Health is opening a psychiatric emergency room on the campus of its Banner Behavioral Health Hospital in Scottsdale. The Banner Psychiatric Center is expected to create about 50 jobs and provide full psychiatric assessments to determine whether patients need to be admitted.
 http://phoenix.bizjournals.com/phoenix/stories/2010/08/30/...

Previous market news

Hospitals and 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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,281,899, #12 largest market
  • U.S. Census Bureau Population #275 oldest market
  • U.S. Census Bureau Population Growth 31.7%, #11 fastest growing market

   

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