RevCycle Intelligence September 26, 2022
Rising clinical labor costs will account for $170 billion of healthcare spending, and nonclinical labor costs will contribute $90 billion by 2027, researchers predicted.
Inflation and rising labor costs will increase US national healthcare spending by $370 billion in the next five years, according to a McKinsey report.
Consumer prices are rising faster than healthcare inflation, but general inflation has recently driven up healthcare supply input costs.
Between 2019 and 2022, labor costs per adjusted hospital discharge rose 25 percent, pharmaceutical costs increased by 21 percent, supplies grew 18 percent, and services rose 16 percent. These costs have somewhat stabilized in 2022, but they remain high above the norm.
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