Expert Insight

Labor costs continue to go up. What does it mean for health systems?

Labor expenses comprise over half of health systems' total expenses. Explore how increasing wages, benefits, and contract labor impact margins, and find out how to manage labor cost growth.

Introduction

Labor expenses are a large portion of most health systems’ total expenses. Over half (53%) of the median total expense for health systems is attributed to the total labor expense. This report analyzes the drivers behind rising labor costs — including wages, benefits, and contract labor — and explores the impact on health system margins.

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AFTER YOU READ THIS
  • You'll know how labor spending has changed relative to other spending drivers.
  • You'll know the drivers behind increasing labor costs.

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