Managing the workforce and containing labor costs remain a critical initiative for hospitals and health systems. With labor accounting for more than half of operating expenses, labor cost containment has always been on the minds of healthcare executives, but it is quickly moving to the top of their priority list.
In fact, nearly three-quarters of finance executives reported that managing labor costs was the top financial concern keeping them up at night in a survey by Becker’s Hospital Review.
Learn more about those survey results and how health systems are addressing those challenges.
Download this paper to learn strategies from your peers.