Workforce Optimization

Strategies for Managing Labor Costs in Healthcare

Surveys of healthcare financial officers show that year over year staffing shortages in the healthcare industry continue to worsen, as demand for more advanced care grows. Even before the added pressure of the pandemic, 78% of hospital executives predicted increasing labor budgets for their facilities.1 An aging population and concerns about safety due to current events are creating increased pressure from both the supply and demand side of the equation.