Oliver Wyman February 5, 2025
Clinical labor costs are set to double
Editor’s note: This article is part of a larger report, Healthcare’s $1 Trillion Challenge, which provides a roadmap for creating a more affordable and sustainable healthcare system. In this article, we offer solutions for generating $640 billion in savings over 10 years by reimagining clinical work. Discover more chapters on relieving administrative burden and curbing the impact of growing drug costs.
Clinical labor spending is projected to double by 2035 to nearly $3 trillion. This is driven in part by the increase in demand for clinicians — demand for licensed practical nurses (LPNs), for example, is expected to increase by 20% from 2023 to 2035. Stagnant clinician productivity is another driver: From 1993...
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