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Orlando-Kissimmee, FL


Orlando-Kissimmee, FL
Q3 2011 - Market Summary

The near-term demand for health care workers in the Orlando metropolitan area held firm during the third quarter. Of note during the quarter, Celebration Health opened its new patient tower adding 62 new beds and a need for additional employees. HealthSouth proposed a new 60 bed rehabilitation hospital that would create and estimate of 200 new jobs. Also, Central Florida needs 36 new hospital beds, and Health Central plans to invest in capital projects, including a new bed tower, ER expansion and a post-acute facility.

On a comparative basis, the Orlando health care labor market remained inline with much of the rest of the country during Q2. Its Q3 LMPI score of 47.4, up 3% from the prior quarter, was just under the national composite of 48.0.


Q3 Workforce Announcements

What’s next at Florida Hospital Celebration. August 2011
Florida Hospital is opening a new patient tower at Celebration Health. The 234,000-square-foot, $85 million expansion added 62 new beds, bringing the hospital’s total to 174. The hospital expects to have 98 employees in 2011, 144 employees in 2012 and 320 employees by 2018 in the new patient tower.
http://www.bizjournals.com/orlando/blog/2011/08/whats-next-at-florida-hospital.html?page=all

HealthSouth proposes 60-bed rehab hospital. August 19, 2011
HealthSouth Corp., the nation’s largest owner and operator of rehabilitation hospitals, wants to put a 60-bed rehabilitation hospital in Seminole County. The $18.75M facility would create 200 new jobs.
http://www.bizjournals.com/orlando/print-edition/2011/08/19/healthsouth-proposes-60-bed-rehab.html?page=all

State: Central Florida should add 36 hospital beds. July 29, 2011
Central Florida needs 36 new hospital beds, which could mean more than $16.5 million in new construction, 30 new jobs with average salaries as high as $50,000 a year and expanded health care services in the area.
http://www.bizjournals.com/orlando/print-edition/2011/07/29/state-central-florida-should-add-36.html?page=all

Health Central to put $102M into future capital projects. July 8, 2011
Hospital’s wish list includes new bed tower, ER expansion, and post-acute facility. This means upwards of 285 new permanent jobs would be created, which would boost the local economy.
http://www.bizjournals.com/orlando/print-edition/2011/07/08/health-central-to-put-102m-into.html?page=all

Previous market news

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

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 Orlando-Kissimmee, FL 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 Orlando-Kissimmee, FL market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,054,574, #27 largest market
  • U.S. Census Bureau Population #177 oldest market
  • U.S. Census Bureau Population Growth 24.9%, #26 fastest growing market


   

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