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St. Louis, MO-IL

St. Louis, MO-IL
Q3 2010 - Market Summary

The near term demand for health care workers in the St. Louis metropolitan area improved slightly during the third quarter. Of particular note, construction began on a $203 million expansion at the University of Missouri that will add a new cancer treatment center, an eight-story addition, 12 new operating rooms, 90 private rooms for patients and 300,000 square feet of new space. Also of note, SSM DePaul Health Center in Bridgeton broke ground on a $23 million rehab facility that will employ 150.

On a comparative basis, the St. Louis health care labor market continued to improve for the third straight quarter registering an LMPI score of 49.03, up 4% from the prior quarter and just under the national composite of 50.62.



Q3 Workforce Announcements

Landmark ruling clears path for hospital in Washington, Missouri. September 17, 2010
In a landmark ruling, a Missouri health planning committee is waiving the approval process requirement for Patients First Health Care, a 74-physician medical group that is looking to build a three-bed hospital in Washington, Mo.
http://stlouis.bizjournals.com/stlouis/stories/2010/09/20/story1.html

$203M Mizzou hospital project starts. September 15, 2010
Construction has begun in Columbia on a $203 million University of Missouri Health Care expansion that will include a new cancer treatment center, an eight-story addition,12 new operating rooms, 90 private rooms for patients and 300,000 square feet of new space.
http://stlouis.bizjournals.com/stlouis/morning_call/2010/09/…

Alberici wins deal for SSM DePaul rehab hospital. August 20, 2010
Ground was broken on a new $23 million rehabilitation hospital at SSM DePaul Health Center in Bridgeton. The hospital, which will employ about 150 people, will provide medical rehabilitation care to patients with stroke, brain injury, spinal cord injury, amputation and neurological and orthopedic conditions.
http://stlouis.bizjournals.com/stlouis/stories/2010/08/23/story10.html

St. Joseph’s to build new hospital in Highland. August 11, 2010
St. Joseph’s Hospital in Highland plans to build a new hospital and welcome the first patient in early 2013. Hospital officials said the new facility will be designed with a focus on outpatient treatment and therapy. The 25 beds and private rooms will have an added “family zone” for family members to keep up with job requirements and sleep over.
http://www.bizjournals.com/stlouis/stories/2010/08/09/daily43.html

Ranken Jordan plans $30 million hospital expansion. July 30, 2010
Ranken Jordan pediatric hospital is moving ahead with plans for an expansion with an estimated price tag between $20 million and $30 million. The rehabilitation hospital plans to add 26 beds to its current 34-bed Maryland Heights facility.
http://stlouis.bizjournals.com/stlouis/stories/2010/08/02/story6.html

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 St. Louis, MO-IL 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 St. Louis, MO-IL market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,816,710, #18 largest market
  • U.S. Census Bureau Population #130 oldest market
  • U.S. Census Bureau Population Growth 4.4%, #239 fastest growing market
   

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