Hospital wage inflation peaked in late 2021, growing more than 8%. During 2021 and 2022, the year-over-year wage growth for nonprofit hospital employees outpaced the private sector and healthcare outside the hospital.
However, payrolls continue to rise for hospitals and ambulatory healthcare services with a 6.7% and 12.6% increase, respectively, above February 2020 numbers.
The decrease has helped some hospitals struggling to meet the demand for care, but staff shortages still abound.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
