Table of Contents

Press + to list detailed section contents

San Francisco-Oakland-Fremont, CA

San Francisco-Oakland-Fremont, CA
Q4 2010 - Market Summary

The near-term demand for health care workers in the SF Bay market rebounded during Q4 posting its highest LMPI score since mid-2010. Of note during the quarter, Sequoia announced that it was nearly halfway done with its new 104-bed inpatient pavilion scheduled to open in the spring of 2013, and Ed Medical Center announced that it was considering layoffs that could impact 5% of its staff because of declining volume.

On a comparative basis, the SF Bay health care labor market remained stronger than much of the rest of the country posting a Q4 LMPI score of 59.1, up 18% from the prior quarter and above the national composite of 52.9, up 6% from the prior quarter.

Q4 Workforce Announcements

Sequoia half done with new hospital. December 16, 2011
Sequoia Hospital is about halfway done with its new 104-bed inpatient pavilion, set to open in the spring of 2013.
http://www.bizjournals.com/sanfrancisco/print-edition/2011/12/16/sequoia-half-done-with-new-hospital.html

Eden Medical Center, Castro Valley. October 7, 2011
Eden Medical Center officials recently said the hospital is considering layoffs that could affect up to 5% of staff members, the San Francisco Business Times reports. The hospital, which has about 1,200 full-time employees, is considering the layoffs because of declining patient volume.
Cindy Dove, a spokesperson for Eden, said the hospital hopes to make a final decision by the end of this month on how many positions to cut. Prior to making a decision, hospital officials plan to meet with affected labor unions (Rauber, San Francisco Business Times, 10/3).
http://www.californiahealthline.org/articles/2011/10/7/california-hospital-news-roundup-for-the-week-of-october-7-2011.aspx?topic=hospitals#ixzz1hxroMU81
http://www.bizjournals.com/sanfrancisco/news/2011/10/03/eden-medical-center-may-lay-off.html

Previous market news

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 San Francisco-Oakland-Fremont, CA 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 San Francisco-Oakland-Fremont, CA 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 San Francisco-Oakland-Fremont, CA market.

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

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 4,274,531, #13 largest market
  • U.S. Census Bureau Population #159 oldest market
  • U.S. Census Bureau Population Growth 3.7%, #249 fastest growing market
   

NEED HELP LOGGING IN?

Forgotten password? Reset
More help? Please contact us.