Detroit-Warren-Livonia, MI
Detroit-Warren-Livonia, MI
Q3 2011 - Market Summary
The near-term demand for health care workers in the Detroit metro area rebounded solidly during Q3. Of note during the quarter, Henry Ford Health System opened its 32nd medical center in southeast Michigan with Henry Ford Medical Center Commerce in Commerce Township. Oakwood Healthcare Inc., a four-hospital system based in Dearborn, signed a long-term lease for a new headquarters building in Dearborn and will move 650 employees to the 135,000-square-foot, two-building facility. And St. Joseph Mercy Oakland broke ground on a new $129 million patient tower.
On a comparative basis, the Detroit health care labor market outperformed much of the rest of the country during Q3 as measured by its Q3 LMPI score of 54.2, up 18% from the prior quarter and above the national composite of 48.0.
Q3 Workforce Announcements
Oakwood to move 650 employees to new corporate headquarters in Dearborn. September 30, 2011
Oakwood Healthcare Inc., a four-hospital system based in Dearborn, has signed a long-term lease with Ford Land for a new headquarters building in Dearborn. The health system will move 650 employees to the 135,000-square-foot, two-building facility.
http://www.crainsdetroit.com/article/20110930/FREE/110939996
St. Joseph Mercy Oakland breaks ground on $129 million patient tower. September 22, 2011
St. Joseph Mercy Oakland in Pontiac has begun construction on an eight-story, $129 million patient tower that will feature 136 private rooms.
http://www.crainsdetroit.com/article/20110922/FREE/110929955#
Henry Ford Health opens new center. September 6, 2011
Henry Ford Health System opened its 32nd medical center in southeast Michigan with Henry Ford Medical Center Commerce in Commerce Township.
http://www.crainsdetroit.com/article/20110906/HEALTH/110909962
Project to turn vacant Trenton hospital into nursing care, assisted-living center among recipients of MEGA incentives. August 16, 2011
A $12 million renovation to convert a vacant hospital and medical office building into a nursing care and assisted-living center in Trenton was among more than $170 million in investments approved for incentives today by the Michigan Economic Growth Authority. The authority expects up to $12 million in new investment that will create up to 163 permanent full-time jobs at the Trenton care center.
http://www.crainsdetroit.com/article/20110816/FREE/110819934/project-to-turn-vacant-trenton-hospital-into-nursing-care-assisted-living-center-among-recipients-of-mega-incentives
Oakland Regional Hospital to open foot and ankle clinic. July 29, 2011
Oakland Regional Hospital in Southfield, a physician-owned osteopathic hospital, will open a foot and ankle center on Aug. 10, said Daniel Babb, Oakland Regional’s CEO. Two podiatrists on the hospital’s medical staff will run the center.
http://www.crainsdetroit.com/article/20110729/FREE/110729852/oakland-regional-hospital-to-open-foot-and-ankle-clinic
Hospitals and 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 Detroit-Warren-Livonia, MI 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 Detroit-Warren-Livonia, MI 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 Detroit-Warren-Livonia, MI market.
Source: www.bls.gov accessed 10/10/2011
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 4,425,110 #11 largest market
- U.S. Census Bureau Population 167th oldest market
- U.S. Census Bureau Population Growth -.6%, #318 fastest growing market
- Executive Summary
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