Wednesday, February 28, 2024
HomeWORLD NEWSHca Reports A Decrease In The Proportion Of Expenditures Allocated To Labor

Hca Reports A Decrease In The Proportion Of Expenditures Allocated To Labor

The chief executive officer of the nation’s largest hospital chain stated Thursday that labor costs as a percentage of revenue are now lower than before the pandemic.

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Sam Hazen, CEO of HCA Healthcare, remarked on the company’s second-quarter earnings call, “And again, this is despite a very difficult labor market.” The release of second-quarter earnings by healthcare providers and insurers is in full gear, and HCA tends to outperform its competitors.

Throughout the COVID-19 pandemic, hospitals struggled with the high cost of nurses, but HCA announced Thursday that several of its workforce initiatives are bearing fruit.

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