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…

Read More

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…

Read More

Editor's Note The U.S. healthcare sector is projected to experience a shortage of 100,000 workers by 2028, according to an August 29 report by Mercer. This shortfall is expected to affect key roles such as nursing assistants, nurse practitioners, and specialized primary care physicians. Nursing assistants are projected to have…

Read More

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%…

Read More

Takeaways • Surgical volume continues to increase for most organizations. • Staffing remains a challenge, although some parameters, such as recruiting and turnover, have improved slightly. • Filling an open RN position takes an average of 77 days, and filling a surgical technologist position takes an average of 120 days.…

Read More

There is no shortage of advice, opinions, and proposed solutions when it comes to staff shortages, but the issue continues to plague healthcare systems nonetheless. For a couple of years now, speakers at the OR Business Management Conference and OR Manager Conference have been asking attendees, “Who still struggles to…

Read More

Editor's Note Healthcare employment in the US rose by 55,000 from July to August,  according to the latest report from the Bureau of Labor Statistics (BLS), released on August 2. The gain is similar to the average monthly gain of 63,000 over the prior 12 months. In July, employment also…

Read More

Takeaways • Compared to 2023, the percentage of respondents reporting an increase in open positions for RNs and STs, as well as increased turnover for RNs, remained stable, but fewer reported a drop in ST turnover. • The percentage of respondents reporting hiring more managers set a 9-year record. •…

Read More

More than 4 years after personal protective equipment production and inventories crashed amid the global COVID-19 pandemic, the “new normal” in healthcare supply chains seems to be “uncertainty.” Although hospital margins are improving and patient volumes are trending upward, “stress fractures continue to remain in place,” says Michael Schiller, CMRP,…

Read More

Editor's Note Healthcare employment in the US rose by 56,000 from April to May, according to the latest report from the Bureau of Labor Statistics, released on May 3. That is compared to an overall monthly gain of 175,000 in April. In April, healthcare employment also trended up in: ambulatory…

Read More