March 11, 2024
Providers | Tea Leaves
  • According to a new report from Fitch Ratings, the labor outlook is stabilizing for U.S. nonprofit hospitals as employment increases and health care job openings decline. According to the credit ratings agency, hospital and ambulatory health care services payrolls have risen for 22 and 34 consecutive months, respectively. Wage growth has remained “relatively flat” at 4 percent. Though the statistics indicate the hot labor market is cooling, Fitch said recruitment is still “hyper-competitive.” The report said that Health systems may need higher salaries and better benefits to attract talent and dissuade skilled labor from seeking early retirement. (Article here)