Healthcare providers, stressed by the inflationary environment with surging labor expense, are forced to revisit strategic growth plans.
With the impact of the COVID-19 pandemic receding, the stress of surging labor expense, especially for nursing, as well as other inflationary pressures are taking center stage in the healthcare provider landscape.
The largest pressure point for most has been the absolute need to utilize a significant amount of agency nurse staffing at materially higher hourly rates, which has pressured financial performance for providers across the country.
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