Live Webinar | Healthcare Business Trends
Save
Blog | Healthcare Business Trends

January brings a halt to job gains for hospitals and the healthcare industry

Blog | Healthcare Business Trends

January brings a halt to job gains for hospitals and the healthcare industry

Healthcare jobs declined by 29,600 in January, according to the U.S. Bureau of Labor Statistics, bringing total year-over-year losses to 510,000.

For January, substantial losses were seen in nursing care facilities (19,000), home healthcare services (13,000) and community care facilities for the elderly (7,000).

Hospitals lost 2,100 jobs after gaining more than 35,000 in December. Year-over-year, hospitals have lost more than 61,000 jobs.

Many ambulatory healthcare services experienced gains in January, with physician offices adding 3,400 jobs and “offices of other healthcare practitioners” netting 5,900. However, outpatient care centers lost 2,900 jobs.

The ambulatory care sector experienced deeper losses compared with hospitals earlier in the COVID-19 pandemic and remains down 144,000 jobs since January 2020.

A cloudy labor forecast

The degree to which the hospital job picture ultimately rebounds is uncertain because hospital operations may not look the same in the aftermath of the pandemic.

“There's so much bad stuff about COVID, but I think it shined a light on a lot of the inefficiencies that happen,” said Jonathan Wiik, principal with TransUnion.

For example, increased utilization of telehealth could reduce the reliance on certain types of facilities and in-person care.

“As long as the payers keep playing ball, including Medicare, I think health systems and providers can turn that into a revenue stream, position themselves that way and maybe be more efficient,” Wiik said.

About the Author

Nick Hut

is a senior editor with HFMA, Westchester, Ill. (nhut@hfma.org).

Advertisements

Related Articles | Healthcare Business Trends

Blog | Healthcare Business Trends

January brings a halt to job gains for hospitals and the healthcare industry

January numbers form the U.S. Bureau of Labor Statistics show that hospitals and the healthcare industry lost jobs after several months of gains.

News | Coronavirus

Latest patient volume data highlights some of the challenges facing hospitals in the COVID-19 era

Hospital patient volumes show signs of rebounding in some areas but continue to lag in others, especially in the ED.

Blog | Healthcare Business Trends

GAO report highlights the far-reaching impact of rural hospital closures

A new government report highlights the impact of rural hospital closures on communities.

Executive Roundtable | Cost Reduction

Reducing costs to collect while improving net patient revenue

In this sponsored roundtable, four healthcare revenue cycle leaders share strategies they followed to improve performance of their health systems and hospitals to financially recover from COVID-19.