Contract labor still strains margins for many health systems.
In a healthcare landscape as turbulent as today’s, finance leaders are forced to scrutinize every detail of their operations. With labor costs skyrocketing since the pandemic, reducing reliance on contract labor has been a large pain point for finance executives.
While contract labor helped UW Health remain operational during staffing crises, the extended use of high-premium positions has strained financials and tested long-term viability. In this episode of HL shorts, UWHealth’s vice president of finance Jodilynn Vitello discusses the impacts of heightened contract labor on finance and beyond.
For a deep dive into UW Health’s labor strategy checkout the accompanying article with Vitello full interview.
Marie DeFreitas is the CFO editor for HealthLeaders.