Persistent, heightened labor expenses pummeled hospitals last year, Kaufman Hall reports

Healthcare DIVE January 31, 2023
Hailey Mensik

Dive Brief:

• Hospitals suffered their worst financial year in 2022 since the onset of the COVID-19 pandemic as negative margins and heightened labor expenses persisted for operators, according to a report out Monday from Kaufman Hall.
• About half of U.S. hospitals finished the year with negative margins as expenses outpaced revenue, though they did see modest improvements at the end of the year. December was the only month with a positive median year-to-date operating margin index for hospitals at 0.2%.
• Hospital labor expenses rose 2% from November to December, the report found.

Dive Insight:

Persistent heightened labor costs have been a financial challenge for hospital operators throughout the pandemic as they now face a competitive market and continued...

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