Hospital Leaders: Workforce Shortages Persist Amid Stabilization

Hospital Leaders: Workforce Shortages Persist Amid Stabilization

Kaufman Hall's 2023 State of Healthcare Performance Improvement report indicates that while hospitals and health systems are showing signs of stabilization and margin improvement, they continue to grapple with workforce shortages, rising expenses, and patient access challenges. Achieving the desired 3-4% operating margins for long-term sustainability is expected to be a gradual process. The report highlights a significant increase in claims denials, impacting hospital revenue. Patient access issues have arisen due to operational transformations and capacity shortages, with many institutions operating below full capacity, leading to rising patient concerns. Contract labor utilization is improving, and strategies like salary increases are being pursued. Outpatient care is on the rise, but automation optimization remains a challenge, and supply chain issues persist.

Medigy Insights

According to Kaufman Hall's 2023 State of Healthcare Performance Improvement report, hospitals and health systems are experiencing signs of stabilization and margin improvement. However, persistent challenges include workforce shortages, rising expenses, and patient access issues. Achieving the desired 3-4% operating margins for long-term sustainability is expected to be a gradual process. Claims denials, reported by 73% of respondents, have had a substantial impact on hospital revenue. Patient access to care is a growing concern due to capacity shortages, with 32% of respondents noting increased patient complaints. While contract labor utilization is declining, recruitment and retention strategies, like salary increases, are being pursued. Patients are increasingly seeking care in outpatient settings, and despite ongoing labor challenges, automation technology optimization remains incomplete. Supply chain issues have improved but still cause distribution delays for nearly three-quarters of survey respondents.




Next Article

Did you find this useful?

Medigy Innovation Network

Connecting innovation decision makers to authoritative information, institutions, people and insights.

Medigy Logo

The latest News, Insights & Events

Medigy accurately delivers healthcare and technology information, news and insight from around the world.

The best products, services & solutions

Medigy surfaces the world's best crowdsourced health tech offerings with social interactions and peer reviews.


© 2024 Netspective Media LLC. All Rights Reserved.

Built on May 27, 2024 at 4:40am