Becker's Healthcare November 23, 2021
Although U.S. healthcare and pharmaceutical companies have maintained solid credit metrics throughout the pandemic, with 2021 third quarter results in line to be slightly better than expected for most sub-sectors, labor inflation and supply chain disruptions have led to higher costs and potentially lost revenue, Fitch Ratings reported Nov. 19.
Staff shortages in healthcare have led to higher wages, staff burnout and higher rates of turnover. Rate increases within labor tend to lag given contract renewal processes. ​​Consequently, cost mitigation efforts will initially focus on identifying cost savings in other areas, more efficient utilization of existing...
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