StrataSphere® Research Report

Healthcare Labor Trend Report

Key findings include: 

  • Labor expenses continue to remain disproportionately high due to turnover and shortages and retention/recruitment strategies.
  • While agency spend continues to trend in a favorable direction, overtime hours remains 30% higher than 2019 in patient care unit.
  • Understanding the breakdown of your labor spend (salaries, benefits, premium) is the first step in identifying target areas for improvement.
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