![]() ![]() The other side of inflation is labor in an era of nationwide labor shortage. ![]() ![]() Nationally, hospital supply expenses so far in 2023 are up 5% from the same time in 2022 and up 18% compared with year-to-date data from 2020, largely the pre-pandemic period, the Flash Report states. Nationally, there is some indication of price stabilization with the month of March seeing hospital finances get to the point of breaking even, after 12 months of negative hospital margins, according the Chicago-based Kaufman Hall's latest National Hospital Flash Report.īut while hospitals might not be adding to their deficits, their material expenses are still rising and are a real burden, the report said.Īt Rush System for Health, continued inflation for materials seems likely, and while prices for some items might stabilize, other factors conspire to keep price tags going up, said Jeremy Strong, Rush vice president for its supply chain. INFLATION OUTLOOK ISN'T ROSY DESPITE SOME STABILIZATION: Experts say that health care cost inflation continues to burden hospitals, doctors and other providers despite some signs of leveling off - at a much, much higher level than pre-pandemic. ![]()
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