The U.S economy added 223,000 jobs in April pushing the unemployment rate down to 5.4%. 45,200 of those jobs were created in the healthcare industry with hospitals accounting for over a quarter of that total according to Bob Herman of Modern Healthcare.
An intersting statistic to point out is that physician offices increased their staffs by 9,300 people according to the Bureau of Labor Statistics. We are seeing less hospital and health system layoffs and closings this year in comparison to years past. However, as we previously reported a Cleveland Clinic affiliate, Lakewood Hospital is shutting it's doors which will cost their community over 1,000 jobs.
Also, The San Francisco Business Times reported that Daughters of Charity Health System in Los Altos Hills, Calif., is shedding 4% of its workforce after Ontario-based Prime Healthcare, a for-profit company, withdrew its $843 million bid for the hospitals.
While hospital job growth continues to lead the way in the healthcare industry, a focus on cost and labor cutting has continued. A major reason for this is the immense administrative burden health systems and medical practices face on a daily basis. This is due to the lack of interoperability throughout the U.S. healthcare system.
Summary by www.MedicalGroups.com
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