Norton Healthcare contract labor down 74% as other wages jump

Louisville, Ky.-based Norton Healthcare reported a significant reduction in its contract labor expenses during the second quarter even as its overall expenses increased.

Advertisement

The six-hospital system, which reported operating income of $45.2 million in the period, saw overall expenses rise 8.6 percent to total $879.5 million. While contact labor was down 74 percent to total $6.8 million, salaries and wages rose 15.8 percent over the same period last year to $412.3 million.

Drugs and other supply costs also increased.

Norton Healthcare reported revenue of $924.8 million for the quarter and $1.9 billion for the first six months of the year.

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.