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Philadelphia-Camden-Wilmington, PA, NJ, DE, MD

Philadelphia-Camden-Wilmington, PA, NJ, DE, MD
Q4 2010 - Market Summary



The near term demand for health care workers in the Philadelphia metropolitan area improved slightly during the fourth quarter amidst a lot of activity. Of particular note were announced layoffs at Main Line Health (98), UnitedHealth Group (115) and Mercy Suburban (12). On a positive note, Holy Redeemer opened a new $1.5 women’s health center at Southampton, St. Christopher’s Hospital for Children opened a multispecialty pediatric practice in Yardley and expanded and renovated its ED in North Philadelphia, and Lankenau Hospital prepared to renovate and refurbish its existing facility and build a new 96-bed patient-care pavilion.

On a comparative basis, the Philadelphia health care labor market strengthened during Q4 as measured by a Q4 LMPI score of 48.9, up 8% from the prior quarter and inline with the national composite of 49.8.

Q4 Workforce Announcements



Holy Redeemer opens $1.5M women’s health center. December 3, 2010
The health system created its Holy Redeemer Women’s HealthCare at Southampton in what was once a furniture store at a cost of $1.5 million.
http://www.bizjournals.com/philadelphia/print-edition/2010/12/03/…

St. Christopher’s opens expanded emergency department. December 2, 2010
St. Christopher’s Hospital for Children has opened its expanded and renovated ED to deal with the increasing demand for dedicated pediatric emergency services. The North Philadelphia medical center spent $3 million on the project, which added 14 new private exam rooms and about 4,300 square feet to the existing emergency department.
http://www.bizjournals.com/philadelphia/blogs/health_care/2010/12/...

St. Christopher’s Hospital for Children opens Yardley practice. November 29, 2010
The 189-bed North Philadelphia pediatric medical center recently opened a multispecialty pediatric practice in Yardley.
http://www.bizjournals.com/philadelphia/blogs/health_care/2010/11/...

Mercy Suburban Hospital lays off 12 LPNs. November 17, 2010
Twelve Licensed Practical Nurses (LPN), with experience ranging up to 20 years in the field, were recently laid off at Mercy Suburban Hospital.
http://timesherald.com/articles/2010/11/17/news/doc4ce4749ff3...

Main Line Health cuts 98 throughout its hospital system. October 28, 2010
Main Line Health trimmed its work force by 98 people earlier this month in an effort to generate about $5 million in savings. The largest jobs cuts occurred at Bryn Mawr Hospital, where 34 positions were eliminated.
http://www.bizjournals.com/philadelphia/news/2010/10/25/main-line...

Physicians Care Surgical Hospital opens in Royersford. October 25, 2010
The region’s second doctor-owned medical center opened today when the Physicians Care Surgical Hospital started seeing patients in western Montgomery County. The Royersford hospital opened with 35 employees and three of its operating rooms in service.
http://www.bizjournals.com/philadelphia/blogs/health_care/2010/10...

Expansion of Lankenau Hospital set to start. October 25, 2010
In addition to renovating and refurbishing the existing 331-bed medical center, Main Line Health also plans to build a 96-bed patient-care pavilion next to the existing Lankenau Hospital
http://www.bizjournals.com/philadelphia/news/2010/10/25/expansion...

Layoffs hit Main Line Health. October 25, 2010
Main Line Health, which plans a groundbreaking ceremony Wednesday on a $529 million building and renovation project at its Lankenau Hospital, confirmed today that it has laid off 98 employees this month as part of an effort to reduce expenses.
http://www.philly.com/inquirer/breaking/business_breaking/20101025...

UnitedHealth Group to cut 115 jobs in Montgomery County. October 7, 2010
UnitedHealth Group Inc. will eliminate 115 jobs at its mail-service pharmacy operations in Huntingdon Valley.
http://www.philly.com/philly/blogs/phillyinc/UnitedHealth_Group_to_cut_…

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Programs 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 Philadelphia-Camden-Wilmington, PA, NJ, DE, MD 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 Philadelphia-Camden-Wilmington, PA, NJ, DE, MD market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 5,838,471, 5th largest market
  • U.S. Census Bureau Population #110 oldest market
  • U.S. Census Bureau Population Growth 2.7%, 270th fastest growing market


   

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