The healthcare industry has been hit hard by the dramatic increase in costs, including a 30% increase in labor expenses from pre-pandemic levels. These dramatic hikes are not sustainable and healthcare organizations across the country have been responding to sustain operations to serve their communities.
In this podcast series, A&M Senior Director and Human Capital and Workforce Management Practice Leader Bianca A. Briola, sits down with Chris Allen, Chief Financial Officer for Keck Medical Center of USC, Kimberly King Webb, Chief Human Resources Officer, Christus Health, and Tere LeBarron, Senior Director, A&M Healthcare Industry Group to get their perspectives on strategies they are implementing to deal with the unprecedented labor costs they are facing today. Joshua Gottlieb, Ph.D., Economist and Associate Professor, University of Chicago Harris School of Public Policy also weighs in on the economics behind the rapid increase in labor costs and what the impacts the industry should expect in the future.
The series will cover healthcare organization's most pressing workforce issues, including market competition, union issues, wage increases, increased turnover, contract labor issues and needs, wage inflation, policy implications, and more.
Listen to part 1
Download the transcript.
Listen to part 2
Download the transcript.
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