Hospital supply inflation intensifies with 13% year-over-year cost growth, reshaping budgets and strategy across U.S. regions in 2023.

Labor costs linked to contract labor may be easing slightly for hospitals and health systems, but supply costs remain a key challenge well into 2023, according to an Aug. 3 report from Syntellis.

High labor and supply expenses in addition to inflationary pressures will continue to batter nonprofit hospitals this year, contributing to a ‘deteriorating’ outlook for systems, Fitch Ratings said on ...