A recent PwC August Pulse Survey revealed that 82% of health care executives view the hiring and retention of talent as a significant risk to their operations, notably higher than the general industry sentiment at 71%.
This underscores the deepening labor challenges in the health care sector, which has faced considerable strain from worker shortages and increased patient demand following the pandemic.
Such workforce dynamics are projected to drive a 7% spike in medical costs next year, according to PwC’s Health Research Institute. To address these challenges, health care leaders are reconsidering their traditional workforce strategies.
PwC suggests a shift toward more tailored benefits, revamped care models, and a focus on digital and automation-driven agendas for enhanced productivity. The report also notes increased labor actions in the sector, such as strikes, as workers demand better compensation and staffing levels.
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