StrataSphere® Research Report
Healthcare Labor Trend Report
Discover the latest trends in total labor expense, contract labor, overtime, salaries and turnover.
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.
Leverage the power of your network
Actionable, Trustworthy Data
can be translated and analyzed across health systems, entities, and service lines
including Benchmarking of Key Performance Indicators (KPIs), Industry Insights and Comparative Analytics, Predictive Modeling, and the Development of Financial Standards
natural language processing, and predictive analytics are used to normalize, standardize, map and clean data across tens of billions of records
that provide insight to enhance your planning. Participating organizations receive customized analytics that can be compared to the broader StrataSphere insights