The Cost of Caring: An Examination of Hospital Labor Expenses
June 8, 2022 As promised in last week’s article, we want to conclude our two-part examination of hospital expenses by looking specifically at labor costs in today’s alert. According to the extensive article published by the American Hospital Association (AHA) last month, which we referenced last week, labor costs are outpacing revenue increases. The report notes that, despite modest growth in revenues compared to pre-pandemic levels, median hospital operating margins were down 3.8 percent by the end of 2021 compared…