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Phoenix-Mesa-Scottsdale, AZ

Phoenix-Mesa-Scottsdale, AZ
Q4 2011 - Market Summary

The near-term demand for health care workers in the Phoenix metro area bounced back in Q4 after slipping in Q3. Of note, the emergency department at Phoenix Children’s Hospital is undergoing a $1 million expansion, with completion expected in the first half of 2012.

On a comparative basis, the strength of the Phoenix health care labor market remained inline with much of the rest of the country. Its Q4 LMPI score of 50.5, up 6% from the prior quarter, was just under the national composite of 52.9, also up 6% from Q3.

Q4 Workforce Announcements

Phoenix Children’s Hospital adds to ER. December 30, 2011
The emergency department at Phoenix Children’s Hospital is undergoing a $1 million expansion. The project is being done in two phases, with completion expected in the first half of 2012.
The expansion will add 16 patient exam rooms, two trauma areas, and a 24-bed observation unit. The construction will bring the number of exam rooms to 56 and the number of trauma treatment areas to four.
http://www.bizjournals.com/phoenix/news/2011/12/30/phoenix-childrens-hospital-adds-to-er.html

Kitchell, Orcutt-Winslow picked for Chandler hospital expansion. December 13, 2011
Kitchell will be the general contractor and Orcutt-Winslow the architect of the $125 million patient tower slated for the Chandler Regional Medical Center .
The project will add 96 inpatient beds, bringing the hospital’s total bed count to 339. Site work begins this month. Vertical construction is scheduled to begin in November 2012 with completion set for fall 2014.
http://www.bizjournals.com/phoenix/news/2011/12/13/kitchell-orcutt-winslow-picked-for.html

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion 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

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 Phoenix-Mesa-Scottsdale market.


Source: http://www2.standardandpoors.com accessed 1/1/2012

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 Phoenix-Mesa-Scottsdale 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 Phoenix-Mesa-Scottsdale market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,281,899, #12 largest market
  • U.S. Census Bureau Population #275 oldest market
  • U.S. Census Bureau Population Growth 31.7%, #11 fastest growing market

   

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