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.
