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Baltimore-Towson, MD

Baltimore-Towson, MD
Q4 2011 – Market Summary

The near-term demand for health care workers in the Baltimore metropolitan area remained steady during the 4th quarter of 2011. Of particular note during the quarter, Bon Secours announced several small hiring additions in both the nursing and primary care medicine areas.
On a comparative basis, the Baltimore health care labor market has remained relatively steady for the past three quarters after a strong Q1 this year. Its LMPI score of 45.9 for Q4 2011, flat from the prior quarter, come in under to the national composite index of 52.9, up 6% from the prior quarter.

Q4 Workforce Announcements

In need of nurses, Bon Secours to hold Nov. 5 job fair. October 25, 2011
Bon Secours Baltimore Health System has 12 registered nurse positions to fill now - and more possibly to come. Bon Secours Baltimore is looking for RNs with at least five years of experience to fill day, night and flexible shifts.
http://www.bizjournals.com/baltimore/blog/2011/10/in-need-of-nurses-bon-secours-to-hold.html

Bon Secours adding doctors, staff to boost ambulatory care. September 30, 2011
Bon Secours Health System plans to add at least five new primary care doctors in the next 18 months as part of its efforts to increase in-home and ambulatory care for the city’s residents.
http://www.bizjournals.com/baltimore/news/2011/09/30/bon-secours-adding-doctors-staff-to.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 2011.

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 Baltimore-Towson, MD market.

Source: www.census.gov accessed 1/1/2012

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 Baltimore-Towson, MD market.

Source: www.bls.gov accessed 1/1/2012

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,667,117, #20 largest market
  • U.S. Census Bureau Population #121 oldest market
  • U.S. Census Bureau Population Growth 4.5%, #235 fastest growing market
   

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