Fierce Healthcare May 25, 2023
By Frank Diamond

Providers hope that AI and better recruitment methods will help solve healthcare’s ongoing labor shortage, particularly a severe dearth of nurses, according to a report by consulting company Kaufman Hall.

The increased use of contracted workers helped fuel a 20% growth in labor expenses in the healthcare system from March 2022 to March 2023, the analysis found.

Erik Swanson, a senior vice president with Kaufman Hall’s data analytics department, told Fierce Healthcare that logistical complications prevent an estimate in raw numbers, but labor expenses comprise a little over half of total hospital expenditures, which come to a little less than $1 trillion a year.

“It’s quite a substantial increase in the labor component,” Swanson said.

The study found...

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Topics: AI (Artificial Intelligence), Health System / Hospital, Nursing, Provider, Survey / Study, Technology, Trends
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