Becker's Healthcare August 12, 2024
Hospitals’ latest financial results point to the beginning of a slow and sustained recovery, Fitch Ratings said in an Aug. 12 report shared with Becker’s.
Liquidity has held steady for the sector since Fitch’s last update and leverage has improved substantially, according to the report. However, year-over-year improvement still begins and ends with acute labor challenges.
“The labor picture has been on an upward trajectory for the last year with less usage of external contract labor, lower pricing per hour compared to calendar 2022 and a higher number of new hires over ‘leavers,'” Kevin Holloran, senior director and sector head at Fitch, said. “Some of the labor improvements can be tied to near universal higher levels per capita of salary,...
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