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Washington-Arlington-Alexandria, DC-VA-MD-WV

Washington-Arlington-Alexandria, DC-VA-MD-WV
Q4 2010 - Market Summary


The near term demand for health care workers in the DC metro area improved during the last quarter of 2010. Of note, Inova announced plans to add potentially 200 primary care doctors to its in-house physicians group. United Medical Center, which nearly collapsed under private ownership and is now trying to stabilize itself under public control, is also seeking approval from District health regulators to add 40 general-purpose beds to its current 194-bed arrangement.

On a comparative basis, the DC health care labor market strengthened during Q4. Its Q4 LMPI score of 49.0 was up 7% from the prior quarter and inline with the national composite of 49.8.

Q4 Workforce Announcements



Inova Health System may add 200 more doctors. December 10, 2010
 Inova Health System wants to add potentially hundreds of primary care doctors to its in-house physicians group, both by recruiting and by acquiring existing Northern Virginia practices. Independent physicians familiar with the plans say Inova wants to add more than 200 doctors to the 185-member Inova Medical Group. Inova officials say they don’t have an exact hiring target but believe the region could use another 250 doctors.
http://www.bizjournals.com/washington/print-edition/2010/12/10/inova-health-system-may-add-200-more.html

Hill East home to beefed-up detox clinic, stalled redevelopment plans. November 12, 2010
 Residents of D.C.’s Hill East neighborhood were promised a waterfront development. Instead, they’re getting a ramped-up methadone clinic. The existing District-run clinic on the former home of D.C. General Hospital, will expand from 200 to about 500 patients, neighbors discovered during a community meeting. Residents also learned that the “overflow” men’s homeless shelter there is now a permanent facility.
http://www.bizjournals.com/washington/print-edition/2010/11/12/hill-east-home-to-beefed-up-detox.html

Suburban Hospital plan scaled back. October 21, 2010
 The Montgomery County Board of Appeals imposed a major restriction Wednesday on Suburban Hospital’s $230 million campus remodeling and expansion plan, handing a partial victory to a neighborhood association that has long fought the proposal.
http://www.bizjournals.com/washington/morning_call/2010/10/suburban-hospital-plan-scaled-back.html

United Medical Center seeks to reopen abandoned unit. October 5, 2010
 nited Medical Center says it needs to grow. The D.C. government-owned hospital in Southeast, which nearly collapsed under private ownership and is now trying to stabilize itself under public control, is seeking approval from District health regulators to add 40 general-purpose beds to its current 194-bed arrangement. UMC estimates it would need to hire 59 new workers, including 32 nurses, to staff the floor.
http://www.bizjournals.com/washington/stories/2010/10/04/story7.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

No notable education program expansions or closures announced during Q4 2010.

Education Programs

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 Washington-Arlington-Alexandria, DC-VA-MD-WV 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 Washington-Arlington-Alexandria, DC-VA-MD-WV 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 Washington-Arlington-Alexandria, DC-VA-MD-WV market.

Source: www.bls.gov accessed 1/5/2011

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 5,358,130, #9 largest market
  • U.S Census Bureau Population #170 oldest market
  • U.S. Census Bureau Population Growth 11.7%, #105 fastest growing market


   

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