Governance Institute January 22, 2023
Uncertainty and an Unstable Healthcare Environment
As hospitals and health systems diversified and immigrated forward and backward in the continuum of healthcare, the number of companies they compete with increased—many being well-funded and having more resources available to take market share.
It is well-documented that health systems experienced strong headwinds for the past two years. The areas creating the biggest cost issues include labor (travelers, registry, or temporary staff), salaries, wages, and benefits (SWB), drugs (especially specialty drugs, now 40 percent of dispensary revenue),1 supply chain issues, lower volumes, and recently, inflation and interest rate increases (causing debt to be more expensive).
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