Cleveland-Elyria-Mentor, OH
Cleveland-Elyria-Mentor, OH
Q4 2010 – Market Summary
Despite an announcement in November by the Cleveland Clinic of a 200-person layoff, the near term demand for health care workers in the Cleveland area actually improved slightly during Q4 2010. Of note, Hillcrest Hospital in Mayfield Heights completed its $163 million renovation and addition in November that includes a new neonatal intensive care unit, nine new operating rooms and additional beds. In addition University Hospital’s Ahuja Medical Center is in the midst if hiring hundreds of new workers in advance of the new hospital opening in early 2011.
On a comparative basis, the Cleveland health care labor market remained solid compared to much of the rest of the country during Q4. Its Q4 LMPI score of 49.4 was up 8% from the prior quarter and is inline with the national composite of 49.8.
Q4 Workforce Announcements
Mass layoffs continue to hit hospitals hard. December 16, 2010
The Cleveland Clinic announced Nov. 9 that about 200 employees would lose their jobs. Another 600 vacant positions were eliminated. Jobs cut included clinical and administrative staff, although not physicians.
http://www.ama-assn.org/amednews/2010/12/13/bisf1216.htm
UH’s Ahuja Medical Center is the new game in town. December 3, 2010
The leadership team at University Hospitals’ $298 million Ahuja Medical Center in Beachwood is in the midst of hiring hundreds of workers as the new hospital gears up for what’s likely to be a spirited competition for patients in Cleveland’s eastern suburbs. So far, the health system has hired about 325 for the medical center, the bulk of whom are involved with clinical operations, and the hospital anticipates about 400 to be on staff by the time the hospital opens in early 2011.
http://www.crainscleveland.com/article/20101203/SUB1/312039998
Hillcrest Hospital in Mayfield Heights completes $163 million renovation, addition. November 16, 2010
A $163 million expansion and renovation project gives a sleek look to Hillcrest Hospital. The tower includes a new Level III Neonatal Intensive Care Unit with 24 beds; spacious single-patient rooms and nine new operating rooms. Over the next two years, Hillcrest plans to fill 100 new positions for doctors, nurses, technicians and others in patient care.
http://blog.cleveland.com/metro/2010/11/hillcrest_completes_163_millio.html
Cleveland Clinic puts Brunswick ER plans on hold. November 11, 2010
Plans for a full-service emergency room facility on Center Road have been tabled at least temporarily by Cleveland Clinic officials. Research into the specific needs of the community, how they are being met, and how they might be better served with the expansion are being considered.
http://blog.cleveland.com/brunswicksuntimes/2010/11/cleveland...
Cleveland Clinic announces plans to cut about 200 positions. November 9, 2010
The Cleveland Clinic notified employees this morning of its plans to eliminate about 200 positions across the entire health system.
http://www.crainscleveland.com/article/20101109/FREE/101109837
Hospitals & Health Systems
Source: US News & World Report
Education Program Expansion and Closures
No notable education program expansions and closures announced during Q4 2010.
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 1/5/2011
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 1/5/2011
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 1/5/2011
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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