Strata’s “2024 CFO Outlook for Healthcare” report is compiled from a survey of more than 100 U.S. financial professionals. Respondents represent hospitals, health systems, integrated delivery networks, home health agencies, skilled nursing facilities and other organizations.
Here were the largest unforeseen costs in 2023, according to the report:
1. Contract labor — 36%
2. Employed labor — 23%
3. Technology/IT expenses — 16%
4. Supply expenses — 14%
5. Pharmacy expenses — 10%
6. Maintenance expenses — 1%
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.
