Labor costs continue to go up. What does it mean for health systems?

Summary: Hospitals are spending a lot of money just to keep their staff. Right now, over half (53%) of a health system's total costs go toward paying workers. This includes regular wages, benefits, and expensive temporary contract workers. Because these costs keep going up, hospitals are making less money, which puts their survival at risk.

For more details, see rssapp-advisory-com-daily-briefing at advisory.com/topics/workforce/labor-costs (opens in new tab)