Contract labor expenses for hospitals shot up 258% from 2019 to 2022, which is linked to long-standing labor shortages in the industry, according to data published by Syntellis and the American ...
Health systems’ labor costs skyrocketed over the last three years as hospitals relied on expensive contract labor during the pandemic, but marching down these expenses remains a top priority for CFOs ...
As physician and administrative shortages remain high, many health facilities are pivoting to contract labor to bolster their care teams. During the COVID-19 pandemic, some contractors, including ...
HCA Healthcare reported second-quarter net income of nearly $1.5 billion, beating expectations and partially due to a sizable drop in contract labor costs. The Nashville, Tennessee-based system said ...
As clinical leaders and administrators, we often find ourselves on both sides of a contract labor seesaw. Perhaps you can relate. A mitigating event occurs (such as a global pandemic), which increases ...
TO CARE. A REAL CONCERN A HEALTH CARE STAFFING SHORTAGE WORSENING SINCE THE PANDEMIC. VACANCY RATES FOR NURSES IN L.A. EXAMPLE DOUBLING THAT HOSPITAL OCCUPANCY RATES REMAIN HIGH RIGHT NOW AT 90% IN ...
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