Cleveland-Elyria-Mentor, OH
Cleveland-Elyria-Mentor, OH
Q3 2011 – Market Summary
The near-term demand for health care workers in the Cleveland metro area rebounded during Q3 despite some notable negative news. MetroHealth System announced plans to close its 144-bed skilled nursing facility in Old Brooklyn by the end of year, including a hospital and outpatient clinics and a loss of 450 jobs. On a positive note, University Hospitals announced plans to build a new rehabilitation hospital in Beachwood that will replace the 20-bed Inpatient Rehabilitation Center and add 150 jobs to UH’s work force.
On a comparative basis, the Cleveland health care labor market improved after a lackluster Q2. Its Q3 LMPI score of 44.3 was up 10%, although remained under the national composite of 48.0.
Q3 Workforce Announcements
Cleveland MetroHealth to shut down 144 beds at old Deaconess Hospital. September 2011
MetroHealth System plans to close a 144-bed skilled nursing facility in the former Deaconess Hospital in Old Brooklyn within 90 days.
The news comes four days after MetroHealth Chief Executive Mark Moran confirmed that the health system, which includes a hospital and outpatient clinics as well as the senior center, would cut 450 jobs over the next two months. More than 100 of the reductions will come with the closing.
http://www.cleveland.com/healthfit/index.ssf/2011/09/...
Huron Hospital stops inpatient, emergency and trauma services. August 2011
Huron Hospital has stopped providing inpatient, emergency and trauma services - the latest step in streamlining the amount of patient care at the hospital before it permanently shuts its doors Oct. 3. http://www.cleveland.com/healthfit/index.ssf/2011/08/...
University Hospitals to build new rehabilitation hospital in Beachwood. August 2011
The facility will replace the 20-bed Inpatient Rehabilitation Center that is housed on a single floor of the Hanna House on the hospital’s main campus in University Circle. Features will include a gymnasium, a therapeutic pool and outdoor recreation areas. It will add 150 jobs to UH’s work force. http://www.cleveland.com/healthfit/index.ssf/2011/08/...
Cleveland teaching hospitals brace for hit from proposed federal budget cuts. July 2011
The hospitals provided these projections:
•MetroHealth System has 390 residents and fellows, and spends $51 million annually on graduate medical education. Of that, Medicare covers $28 million. Under the most severe proposal, the system could lose as much as $16 million from Medicare.
•The Cleveland Clinic health system, with 1,200 residents and fellows, spends about $155 million annually for graduate medical education and receives $90 million from Medicare. It stands to lose as much as $54 million.
•University Hospitals, with 960 residents and fellows, spends more than $101 million annually for graduate medical education and receives $67 million from Medicare. The hospital system could lose as much at $30 million.
http://www.cleveland.com/healthfit/index.ssf/2011/...
Hospitals & Health Systems
Source: US News & World Report
Education Program Expansion and Closures
No notable education program expansions and closures announced during Q3 2011.
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 Cleveland-Elyria-Mentor, OH market.
Source: http://www2.standardandpoors.com accessed 10/10/2011
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 Cleveland-Elyria-Mentor, OH market.
Source: www.census.gov accessed 10/10/2011
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 Cleveland-Elyria-Mentor, OH market.
Source: www.bls.gov accessed 10/10/2011
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 2,08,291, #26 largest market
- U.S. Census Bureau Population #76 oldest market
- U.S. Census Bureau Population Growth -2.8%, #337 fastest growing market
- Executive Summary
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