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Kansas City, MO-KS


Kansas City, MO-IL
Q3 2011 - Market Summary

The near-term demand for health care workers in the Kansas City metro area weakened during the third quarter despite some notable announcements. Of note during the quarter, Olathe Medical Center announced plans to construct a new $19 million critical-care unit and energy center, the University of Kansas Hospital opened its new $85M medical office building, and Carondelet Heart Institute announced plans for a $5.5 million 22,000-sf expansion at Kansas City’s St. Joseph Medical Center. Also of note, Missouri’s 13 community and technical colleges have received a $20 million federal grant to train as many as 4,600 people for careers in health care.

On a comparative basis, the Kansas City health care labor market weakened slightly during Q3 relative to the rest of the country. Its Q3 LMPI score of 45.9 was down 6% from the prior quarter compared to the national composite of 48.0.



Q3 Workforce Announcements

Physician jobs continue shift from traditional practice to big groups, hospitals. September 2, 2011
Doctors tired of the hassle of the increasingly complex business side of medicine continue to leave traditional private practice to become employees of large groups or hospitals.
http://www.bizjournals.com/kansascity/print-edition/2011/09/02/physician-jobs-continue-shift-from.html

Carondelet Heart Institute will double in size with $5.5M expansion. August 22, 2011
The Carondelet Health System plans a $5.5 million expansion of the Carondelet Heart Institute at Kansas City’s St. Joseph Medical Center. Construction is expected to begin Sept. 30 on the 22,000-square-foot expansion, which will double the size of the institute. The expansion, which will add on to the existing St. Joseph Medical Building, is expected to take 12 months to build.
http://www.bizjournals.com/kansascity/news/2011/08/22/carondelet-heart-institute-will-double.html

Olathe Medical Center starts $19M in building projects. August 9, 2011
Olathe Medical Center is kicking off construction of a new $19 million critical-care unit and energy center. A $13 million, 26-bed critical-care unit will be built atop the hospital’s current emergency care center. The facility will replace an existing 21-bed unit that has grown too small.
http://www.bizjournals.com/kansascity/news/2011/08/09/olathe-medical-center-starts-19m-project.html

Liberty Hospital starts work on medical office building. July 15, 2011
Once completed, the 25,000-square-foot upper floor will contain The Liberty Clinic, an 18-physician family practice and internal medicine group founded in 1969 that Liberty Hospital acquired in 2009. The clinic now occupies 18,000 square feet in Liberty. The new space will include five more exam rooms, for a total of 39, as well as laboratory and diagnostic areas, digital X-ray facilities and larger child-care areas.
http://www.bizjournals.com/kansascity/print-edition/2011/07/15/liberty-hospital-starts-work-on.html?page=all

University of Kansas Hospital begins opening $85M medical office building. July 2011
The University of Kansas Hospital this week gradually will begin opening its new Medical Office Building to employees and the public. With 209,000 square feet, the $85 million structure just south of the main hospital in Kansas City, Kan., is meant to improve access for patients to clinics and doctor’s visits, as well as provide additional room for laboratory and radiology services.
http://www.bizjournals.com/kansascity/blog/2011/07/university-of-kansas-hospital-begins.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansions and Closures

Missouri colleges get grant to train 4,600 health care workers. September 26, 2011
Missouri’s 13 community and technical colleges have received a $20 million federal grant to train as many as 4,600 people for careers in health care.
http://www.bizjournals.com/kansascity/news/2011/09/26/missouri-colleges-get-grant-to-train.html

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 Kansas City, MO-KS 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 Kansas City, MO-KS market.

Source: www.bls.gov accessed 10/10/2011

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,002,047, #29 largest market
  • U.S. Census Bureau Population #182 oldest market
  • U.S. Census Bureau Population Growth 9%, #151 fastest growing market


   

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