Editor's Note Hospitals’ financial outlook is stable, although growth is slowing and certain costs are projected to increase, particularly for cybersecurity, according to two recent Becker’s reports on data from Moody’s Investor Services. The first, published November 14 in Becker’s Hospital CFO Report, notes that “hospitals are facing a stable…

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Editor's Note Although job creation slowed markedly last month due to twin hurricanes and a labor impasse, healthcare employment led overall job creation in October, according to a Nov 1 report from CNBC. That article cites the latest data from the Bureau of Labor Statistics (BLS), also released Nov 1.…

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Editor's Note Base salaries for healthcare executives rose by a median of 4.6%, according to the 2024 Health Care Management and Executive Compensation Survey from consulting firm SullivanCotter. Published October 17 on Business Wire, the survey includes data from nearly 3,300 organizations and 45,000 leaders. According to an October 17…

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Editor's Note In the wake of Hurricane Helene and the recent Gulf Coast port strikes, hospitals are raising alarms and pursuing their own strategies for mitigating supply chain disruption even as a second hurricane—Milton—bears down on Florida. As of October 7, dozens of Florida healthcare facilities had suspended services and/or…

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Editor's Note Healthcare employment in the US rose by 45,000 from September to October, according to the latest report from the Bureau of Labor Statistics (BLS), released October 4. That is compared to an overall monthly gain of 254,000 in August and below  the average monthly gain of 57,000 over…

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Editor's Note Patient safety nonprofit ECRI is offering resources to help healthcare providers mitigate potential shortages of critical medical supplies following the devastation caused by Hurricane Helene along the US southeast coast and the ongoing strike by the International Longshoremen’s Association (ILA). According to an October 1 announcement, the first…

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Editor's Note A joint communication from AORN and the Association of Healthcare Value Analysis Professionals (AHVAP, a strategic partner of AORN) provides advice and resources for affiliated healthcare professionals who could be impacted by the recent strike by port workers across major US shipping ports. Issued September 30, the statement…

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For many healthcare facilities, operational costs are steadily rising, and no clearcut solution is in sight. However, some hospital systems are gradually reclaiming control over their budgets by finding ways to stabilize their finances and improve workforce morale. During the pandemic, many hospitals turned to short-term contract labor as a…

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Editor's Note According to the 2023 Wage Report from consultancy Springboard Healthcare, cardiac catheterization laboratory (cath lab) technologist and nurse wages have begun to stabilize in 2023, 3 years after the pandemic, Cardiovascular Business September 19 reports. Permanent nurses saw a modest wage increase of 3.7%, while travel nurses experienced…

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Editor's Note Data from Fitch Ratings indicates hospital wage inflation is “leveling off,” Becker’s Hospital Review reported September 9, calling the report “good news” amid continued payroll increases and labor shortages. According to Becker's, key takeaways of the data include: Year-over-year average hourly earnings growth for hospital employees dropped 3%…

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