Hospitals underscored their push for greater federal financial support with a new report highlighting a 17.5% increase in hospital expenses from 2019 to 2022 that more than doubled the period’s 7.5% rise in Medicare reimbursement.
The American Hospital Association’s (AHA’s) latest numbers outlined a 20.8% increase in hospitals’ labor costs from 2019 through 2022 driven by a 258% spike in contract labor expenses, Fierce Healthcare reports. Labor represents nearly half of a hospital’s operating expenses and has become a key issue for the industry amid widespread shortages. Read more.
