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Hospital execs prepare to raise salaries to fight staff shortages

from By Scott E. Rupp

Hospitals and health systems are continuing to experience shortages of physicians, nurses and even mental health providers, which may be a challenge in regard to reducing labor costs, per Navigant analysis conducted by the Healthcare Financial Management Association (HFMA). Because of potential shortages of these positions, hospitals are projecting higher labor budgets for the coming year, and these same hospital leaders anticipate needing to offer increased compensation to fill these roles. more

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