News Headlines Article

Hospital Labor Costs Inch Up in Q1
Health Leaders Media

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, the Bureau of Labor Statistics’ Employment Cost Index shows.

For the 12-month period ending March 31, total compensation — 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, ECI data show.