St. Louis, MO-IL
The near-term demand for health care workers in the St. Louis metro area remained flat during Q4. Of note, Mercy Hospital opened an expanded burn center on its Creve Coeur campus that is located in the new $150 million 10-story patient tower.
On a comparative basis, the St. Louis health care labor market exhibited more continued weakness than much of the rest of the country. Its Q4 LMPI score of 45.8 was down 1% from the prior quarter and remained below the national composite of 52.9.
Q4 Workforce Announcements
Mercy opens new burn center. December 15, 2011
Mercy Hospital St. Louis has opened an expanded burn center on its Creve Coeur campus. The 12-bed unit is located in the new $150 million 10-story patient tower. The new unit is larger than the older one, which had nine beds, and features a therapy gym and space for patients to receive physical and occupational therapy.
http://www.bizjournals.com/stlouis/blog/2011/12/mercy-opens-new-burn-center.html
Hospitals and Health Systems
Source: US News & World Report
Education Program Expansions and Closures
No notable education program expansions or 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 St. Louis, MO-IL 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 St. Louis, MO-IL market.
Source: www.bls.gov accessed 1/1/2012
Additional Factors Influencing HWS Labor Market PulseTM Index
- U.S. Census Bureau Population 2,816,710, #18 largest market
- U.S. Census Bureau Population #130 oldest market
- U.S. Census Bureau Population Growth 4.4%, #239 fastest growing market
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