System.Func`1[System.String]

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 McKesson Health Systems Editorial Team

Date

January 23, 2023

<span>Hospital group of healthcare professional and business people meet around a conference table</span>

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.

Subscribe Now
To learn how McKesson can help health systems achieve more, sign up to have the Prescribed Perspectives newsletter delivered directly to your inbox.
Subscribe

Related Stories

A pharmacist organizes prescription bottles on a rack
Four Key Aspects of Generic Drugs

Read More

A stack of papers with pages highlighted rests on a desk next to an open laptop computer.
Top Prescribed Perspectives Reads for January

Read More

Professionals talking in a modern office hallway, with two people walking together in the foreground and others conversing in the background.
Achieve More with McKesson at the 340B Coalition Winter Conference

Read More

Healthcare professional showing a prescription bottle to a seated patient with another person standing nearby.
Expert Insights: Strengthening Care Delivery with Specialty Pharmacy Integration

Read More

Four professionals walking together through a modern office lobby, carrying bags and talking.
Explore How McKesson Collaborated with Customers at the 2025 ASHP Midyear Clinical Meeting

Read More

People in business attire sit in rows with a visible text reading “Advancing Infusion Care Through Access and Innovation.”
Expert Insights: Advancing Infusion Care Through Access and Innovation

Read More

Close-up of a hand touching a tablet screen displaying text, with blurred colorful lights in the background.
Top Reads of December

Read More

Person in a white lab coat holding a clipboard while standing near shelves of medical supplies.
Can You Answer These 10 Questions About Your Health System’s Specialty Pharmacy?

Read More

A man riding a motorcycle through the mountains.
Meet Our Expert: How Rafael Saenz Designed a Path to His Dreams and (May Have) Engineered His Own Luck

Read More

A group of people sits in an audience watching a panel discussion at a conference or seminar.
Explore Insights from Healthcare Leaders at the Recent Becker’s CEO + CFO Roundtable

Read More