Christopher Mitchell

Christopher Mitchell asked about the labor front in Concentra's clinics, specifically how retention is trending and what type of wage inflation is built into the company's guidance.

Answer

Keith Newton (Chairman and CEO, Concentra Group Holdings Parent) stated that labor trends are normal, with wage inflation similar to general inflation (2-3%), and that the company doesn't experience the same impacts as hospitals. Matthew DiCanio (EVP, CFO and Treasurer, Concentra Group Holdings Parent) added that turnover is decreasing, and there are fewer open positions, indicating more workforce stability.

Christopher Mitchell asked about the labor situation in Concentra's clinics, including retention trends and the type of wage inflation built into the company's guidance.

Answer

Chairman and CEO Keith Newton stated that labor conditions are 'pretty much normal,' with wage inflation trending similarly to general inflation at 2-3%, unlike the higher impacts seen in the hospital industry. EVP, CFO, and Treasurer Matthew DiCanio added that turnover is decreasing, and there are fewer open positions, indicating increased workforce stability.