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The pandemic and its complex social and economic effects have dislocated the modern workforce. The problem is especially profound in healthcare, where nearly 1 in 5 workers quit their jobs during the pandemic and one-third of nurses plan to leave their current roles by the end of 2022.
A nationwide shortage of healthcare workers made worse by the pandemic, and hospital and health systems’ increased reliance on contract labor, is driving expenses upward and contributing to steep declines in profit margins, according to a Special Workforce Edition of Kaufman Hall’s National Hospital Flash Report.
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. Read the Winter 2022 Kaufman Hall Report for strategies for improving recruitment and retention.
U.S. physician practices ended 2021 with sizeable gains in physician productivity and revenues relative to late 2020 performance, but mounting expenses and high levels of investments/subsidies required to support practice operations continue to be areas of concern.
Read the Fall 2021 Kaufman Hall Report for highlights from the HLC 2021 conference and key findings from the 2021 Healthcare Consumerism Survey.
Physician activity came roaring back in the second and third quarters of this year, with physician productivity and revenues surpassing both 2019 and 2020 performance.
The COVID-19 pandemic continues to undermine performance improvement efforts at hospitals and health systems across the country. Workforce realignments, a rapid push into telehealth, lower volumes, and rising labor and supply costs point to the need for transformative change.
Physician groups across the country saw productivity and revenue improvements in the second quarter compared to pre-pandemic levels seen in Q4 2019.
For the past 3 years, we've surveyed hospitals and health systems on their performance improvement and cost transformation efforts. This year, these efforts met an historic challenge with the COVID-19 pandemic.
The Summer 2019 Kaufman Hall Report provides highlights from our fourth annual State of Consumerism in Healthcare report, including recommended action steps for hospital and health system leaders working to move their organizations toward a more consumer-centric model.
Today’s healthcare environment requires a new means to get the right comparative information to the right person at the right time.