Table of Contents

Press + to list detailed section contents

San Jose-Sunnyvale-Santa Clara, CA

San Jose-Sunnyvale-Santa Clara, CA
Q3 2010 - Market Summary

The near term demand for health care workers in the San Jose metropolitan area continued to strengthen during the 3rd quarter of 2010. Of note during the quarter, Kaiser Redwood City announced that it began initial planning for a 149-bed facility that it will begin building next summer. Also of note, Santa Clara County officials unveiled details of new plans for a 60,000-square-foot medical clinic near the site of the old San Jose Medical Center and El Camino Hospital said it plans to lay off 140 by the end of October due to declines in patient activity and a drop in revenues.

On a comparative basis, the San Jose health care labor market remained strong during Q3 posting an LMPI score of 53.99, up 14% from the prior quarter, and compared to the national composite of 50.62, down 14% from the prior quarter.



Q3 Workforce Announcements

Santa Clara County leaders unveil plans for new downtown medical clinic. September 21, 2010
Santa Clara County officials unveiled details of new plans for a 60,000-square-foot medical clinic near the site of the old San Jose Medical Center. The three-story medical clinic is projected to open in five years as both a primary and urgent care center.
http://www.mercurynews.com/ci_16130184?source=most_viewed&nclick_check=1

Hospital cuts staff, hires robots to save costs. August 27, 2010
El Camino Hospital in Los Gatos and Mountain View, Calif. said it plans to lay off 140 employees by the end of October in an attempt to save money. The staff cuts are due to a continued decline in patient activity and a drop in revenues. In a separate move to reduce costs, El Camino has leased 19 robots. The robots–which reportedly save time and increase surgery success–deliver medications, lab samples, food and supplies around the hospital.
http://www.fiercehealthcare.com/story/hospital-cuts-staff-hires-robots-save-costs/2010-08-27
http://sanjose.bizjournals.com/sanjose/stories/2010/08/09/daily87.html

Redwood City approves rebuild of Kaiser campus. July 29, 2010
Hospital officials said preliminary work has started on a 149-bed facility, which they expect to begin building sometime next year.
http://www.mercurynews.com/ci_15627818?IADID=Search-www.mercurynews.com-www.mercurynews.com&nclick_check=1

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansions and Closures

No notable education program expansions or 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 San Jose-Sunnyvale-Santa Clara, CA 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 San Jose-Sunnyvale-Santa Clara, CA market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 1,819,198, #31 largest market
  • U.S. Census Bureau Population #244 oldest market
  • U.S. Census Bureau Population Growth 4.8%, #227 fastest growing market
   

NEED HELP LOGGING IN?

Forgotten password? Reset
More help? Please contact us.