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Health Systems Expected to Face Continued Challenges with Labor Expenses in 2023
Labor expenses remain the biggest challenge to US health systems according to Fitch Ratings.
By
Date
January 23, 2023
Read time: 2 minutes
Fitch Ratings said in its 2023 outlook that labor expenses will remain the biggest challenge facing U.S. health systems.1 In the report, Fitch has the sector outlook for 2023 as “deteriorating,” building on its outlook from 2022.
Health systems are facing intense expense pressure as the typical labor budget of 50% edges toward 75%, compounded by inflationary pressures. The sector is seeing compressing margins for virtually all providers.
How McKesson Can Help
With tightened margins for success, McKesson is positioned to help your health systems focus on other revenue opportunities. McKesson solutions for health systems looks to capture every revenue opportunity and operational efficiency to help drive financial success. Our experts take a holistic view of each health system and apply advanced analytics to reveal insights and opportunities to boost clinical and financial performance — providing an end-to-end solution that can maximize returns.
Click to learn how partnering with McKesson can help your health system achieve more.
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