Hospitals and health systems are feeling the full effects of the Great Resignation as labor expenses climb despite lower staffing levels. As a result, hospitals are paying higher wages to compete for qualified personnel. Whether current trends are temporary or indicative of long-term restructuring of the labor market, healthcare leaders must ensure their recruitment processes enable them to move nimbly in hiring new staff, and that they are doing everything possible to improve employee retention.
Read the Winter 2022 Kaufman Hall Report for strategies for improving recruitment and retention. Also included in the issue:
- What a study using AI to predict cancer risk teaches us about healthcare’s future
- Key findings from our annual review of M&A trends
- Capital markets outlook for 2022
- The latest data on the impacts of Omicron and rising expenses on U.S. providers