Hospitals across the country are struggling to handle rising costs for staff, drugs, and supplies, the American Hospital Association reports.
During the Covid pandemic, labor costs per patient rose 19% from 2019 to 2021. Meanwhile, the prices for supplies jumped over 20% per patient, according to the report.
“The dramatic rise in costs of labor, drugs, supplies and equipment continue to put enormous pressure on our ability to provide care to our patients and communities,” AHA Chief Executive Officer Rick Pollack said in the statement.
During the past two years, nursing expenses shifted heavily toward traveling nurses. According to the AHA, the travelers’ share of nursing budgets rose from 5% in 2019 to 39% in 2022.
A recent nursing strike at Stanford Hospital shines a light on how hospital staffing can turn into a bidding war. According to The Mercury News, crossing the picket lines comes with the promise of up to $13,000 a week in salary plus free food, housing, and transportation.
Among the data, other highlights from the AHA report include:
To read the full AHA report, CLICK HERE.
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