Fierce Healthcare May 25, 2023
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...