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Orlando-Kissimmee, FL

Orlando-Kissimmee, FL
Q4 2010 - Market Summary



The near term demand for health care workers in the Orlando metropolitan area continued to slip in Q4 despite some bright spots. Of note, Orlando Health, the University of Florida and Shands HealthCare announced plans in October to collaborate on joint clinical programs, expanding training opportunities for doctors and research. Osceola Regional Medical Center in Kissimmee also announced that it is moving forward with plans for a $50 million, 64-bed tower, expected to create more than 120 new nursing and clinical jobs. Nurses at two Central Florida hospitals owned by Nashville-based HCA Inc. also voted to unionize in November.

On a comparative basis, the strength of the Orlando health care labor market weakened slightly in Q4. Orlando’s Q4 LMPI score of 49.5 was down 8% from the prior quarter but remained inline with much of the rest of the country as compared to the national composite of 49.8.

Q4 Workforce Announcements


Osceola Regional plans $50M tower expansion. December 27, 2010
Osceola Regional Medical Center in Kissimmee is moving forward with plans for a $50 million, 64-bed tower that is expected to create more than 120 new nursing and clinical jobs.
http://www.bizjournals.com/orlando/print-edition/2010/12/24/osceola-regional-plans-50m-tower.html

Nurses unionize at HCA’s two local hospitals. November, 26, 2010
Nurses at two Central Florida hospitals owned by Nashville-based HCA Inc. this month voted to unionize. It’s a move that could lead to higher wages at competing local facilities, higher health care costs and improved patient care. Osceola Regional Medical Center in Kissimmee and nurses the 208-bed Central Florida Regional Hospital voted to unionize.
http://www.bizjournals.com/orlando/print-edition/2010/11/26/nurses-unionize-at-hcas-two-local.html

Orlando Health, UF, Shands plan new partnership. October 12, 2010
Orlando Health, the University of Florida and Shands HealthCare announced plans Oct. 14 for a new collaboration, which will make health care more accessible to millions of patients throughout a 20-county region. It includes forming joint clinical programs, expanding training opportunities for doctors and partnering on research.
http://www.bizjournals.com/orlando/stories/2010/10/11/daily34.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

No notable education expansions or closures 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 Orlando-Kissimmee, FL 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 Orlando-Kissimmee, FL market.

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

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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