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Phoenix-Mesa-Scottsdale, AZ


Phoenix-Mesa-Scottsdale, AZ
Q3 2011 - Market Summary

The near term demand for health care workers in the Phoenix metropolitan area weakened significantly during the third quarter of 2011 after a very strong Q2 2011, yet it remained inline with much of the rest of the country. Of note, GlobalMed Group plans to hire 40, and NextCare Urgent Care announced plans to hire 150 employees to accommodate expansion. Cardinal Health opened a new imaging research center with 20 available positions for radio-chemists, engineers, and scientists, as well as product development managers, project managers, and regulatory personnel. Adelante Healthcare plans to build a new public health center in and the Mayo Clinic is expanding its medical school to Arizona.

On a comparative basis, the strength of Phoenix health care labor market, as measured by the HWS LMPI, was down 43% from the previous quarter, registering a Q3 LMPI score of 47.7, still inline with the national composite of 48.0.




Q3 Workforce Announcements

GlobalMed Group to hire 40 in Scottsdale, host job fair. September 30, 2011
Scottsdale-based GlobalMed plans to hire 40 people.
http://www.bizjournals.com/phoenix/news/2011/09/30/globalmed-group-to-hire-40-in.html

Adelante Healthcare to open new center at EVIT. September 29, 2011
Adelante Healthcare plans to build a public health center on the East Valley Institute of Technology’s campus in Mesa. The 45,000-square-foot center is expected to open in the fall of 2012.
http://www.bizjournals.com/phoenix/news/2011/09/29/adelante-healthcare-to-open-new-center.html

Urgent matters: Medical facilities grow in Valley, nationwide. August 5, 2011
NextCare Urgent Care is on a growth track and expects to double in size nationally. In Arizona, the health care company plans to hire 150 employees over the next two years to accommodate that expansion.
http://www.bizjournals.com/phoenix/print-edition/2011/08/05/urgent-matters-medical-facilities.html

Cardinal Health opens $11M imaging research center in Phoenix. July 18, 2011
The 20 positions in Phoenix include roles for radio-chemists, engineers, scientists, product development managers, project managers and quality and regulatory personnel.
http://www.bizjournals.com/phoenix/news/2011/07/18/cardinal-health-opens-11m-imaging.html

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

Mayo Clinic expanding medical school to Arizona. September 27, 2011
The initial class of medical students will comprise 48 students.
http://www.bizjournals.com/phoenix/news/2011/09/27/mayo-clinic-expanding-medical-school.html?page=all


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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,281,899, #12 largest market
  • U.S. Census Bureau Population #275 oldest market
  • U.S. Census Bureau Population Growth 31.7%, #11 fastest growing market


   

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