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FINANCIAL MANAGEMENT
EARLY 2023 HEALTHCARE WAGE INFLATION EASES
Noah Schwartz - yesterday
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Early 2023 data is showing that healthcare labor costs are subsiding compared to
2021 and 2022, according to a new report from credit ratings agency Fitch.
Despite the good news for hospitals, the 2023 average hourly earnings growth of
4.7 percent still outpaces the 2.4 percent average increase in hourly pay for
healthcare workers from 2010 to 2019.
Fitch attributed the jump in earnings to the conversion of contract labor to
full-time workers, according to the June 12 report.
The report stressed that the healthcare sector's low unemployment and high
quitting rates could lead to lingering labor cost inflation.
Subscribe to the following topics: healthcarecontractreportcostsfitch
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