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Kansas City, MO-KS

Kansas City, MO-IL
Q4 2010 - Market Summary



The near term demand for health care workers in the Kansas City metropolitan area remained solid during the fourth quarter of 2010. While many expansion projects remain delayed due to the economy, Children’s Mercy East is set to break ground in April, while the Children’s Mercy South renovations, which include the addition of 6 exam rooms, are expected to be finished in February, while the Children’s Mercy Clinics project is expected to be completed in March.

On a comparative basis, the strength of the Kansas City health care labor market remained stronger than much of the rest of the country in Q4. Its Q4 LMPI score of 50.9 compared favorable to its Q3 score of 50.7 and the national composite of 49.8.

Q4 Workforce Announcements



Liberty Hospital opens new cancer center. December 13, 2010
Liberty Hospital opened the doors to its new cancer center on Monday. The center is on the ground floor of the hospital’s Medical Plaza East building and doubles the size of its previous cancer treatment center, which was on the third floor of the main hospital, to 5,260 square feet.
http://www.bizjournals.com/kansascity/news/2010/12/13/liberty-hospital-opens-new-cancer -center.html

Economy, financing will delay Children’s Mercy expansions. December 10, 2010
Children’s Mercy Hospital and Clinics is still at least a decade away from the $800 million expansion it announced last year. But a fundraising campaign, which has raised $116 million since 2007, will make some top priority projects achievable in the short term. The Healthier Ever After campaign went public Dec. 10 with the goal of raising $200 million by 2016 for two phases of work. Elizabeth Ann Hall Patient Tower broke ground June 18, with completion expected June 2012. Children’s Mercy East is set to break ground in April, while Children’s Mercy South renovations, adding 6 exam rooms, is expected to be done in February. Children’s Mercy Clinics project is expected to be done in March.
http://www.bizjournals.com/kansascity/print-edition/2010/12/10/childrens-mercy-expansions-fundraising.html

Children’s Mercy East clinic brings care to Independence. December 10, 2010
Children’s Mercy Hospitals and Clinics is nearly finished designing Children’s Mercy East, an outpatient pediatric clinic that will be built in the 90-acre Trinity Woods development. Children’s Mercy East is expected to break ground in April and open in late summer 2012.
http://www.bizjournals.com/kansascity/print-edition/2010/12/10/childrens-mercy-east-clinic.html

University of Kansas Medical Center, KU Hospital add five neurosurgeons. November 4, 2010
The University of Kansas Medical Center and The University of Kansas Hospital on Thursday announced the addition of five neurosurgeons, more than doubling the current department of four.
http://www.bizjournals.com/kansascity/news/2010/11/04/ku-med-ku-hospital-add-neurosurgeons.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansions 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

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 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 Kansas City, MO-KS market.

Source: www.bls.gov accessed 1/5/2011

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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