Hospital labor costs inch up in Q1
Hospitalist Leadership Connection, May 11, 2011
Total compensation costs for hospital employees rose 0.5% in the first quarter of 2011, slightly below the 0.7% rise in total compensation costs for all workers in private industry, according to the Bureau of Labor Statistics' Employment Cost Index. For the 12-month period ending March 31, total compensation, including wages, salaries, and benefits, grew by 2% for the hospital sector, which matches the pace of total compensation cost growth for all private industry workers for the same period. In the same time period, the Consumer Price Index rose by 2.7%. . . Read more on HealthLeadersMedia.com.
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