Huelgas y riesgos financieros: Evaluación de los riesgos financieros derivados de las protestas de enfermeras en los hospitales de alta margen en la ciudad de Nueva York

The ongoing nurse strikes and contract disputes at Mount Sinai and NewYork-Presbyterian hospitals-two of New York City's largest healthcare providers-highlight a growing tension between labor demands and institutional profitability. As the New York State Nurses Association (NYSNA) pushes for safer staffing ratios, workplace violence protections, and fair wages, hospital administrators counter with claims of financial instability amid federal Medicaid cuts and rising operational costs. This standoff not only threatens immediate revenue streams but also raises critical questions about the long-term resilience of high-margin hospital operators and their ability to maintain public trust.

Operational Costs and Profitability Pressures

The financial stakes are staggering. NYSNA estimates that hospitals like Mount Sinai and NewYork-Presbyterian are collectively spending nearly $100 million per week on temporary "traveler" nurses-a costly strategy to deter strikes while refusing to meet union demands. For Mount Sinai alone, NYSNA's proposed contract would require $1.6 billion in additional nursing costs over three years, including a 74% increase in nursing expenses by the third year. NewYork-Presbyterian faces an even steeper potential cost of $2.7 billion over the same period. These figures contrast sharply with hospital claims of financial strain, as institutions like NewYork-Presbyterian reported a $1.5 billion net income in 2024, while Mount Sinai holds over $6 billion in assets.

The use of temporary nurses exacerbates costs, with critics arguing that hospitals are prioritizing short-term operational continuity over sustainable labor solutions. A 2025 report by the Lown Institute noted that NewYork-Presbyterian's $415 million in tax breaks contrasted with just 1.7% of revenues allocated to charity care, creating a $247 million "Fair Share" deficit. Such disparities fuel public skepticism about hospital priorities, particularly as nurses accuse management of using replacement staff to intimidate union members.

Investor Sentiment and Stock Market Volatility

While direct stock price impacts of the 2023–2025 strikes remain difficult to quantify, broader trends in the healthcare sector suggest heightened investor caution. In 2025, health care stocks underperformed the broader market, with Morgan Stanley attributing this to labor unrest, policy uncertainty, and governance challenges. For instance, UnitedHealth Group saw a 59.19% annual stock price increase in 2025, but this growth was not explicitly tied to labor stability. Similarly, Healthcare Services Group closed at $18.49 per share in 2025, though no direct link to nurse strikes was established.

The lack of granular data on stock volatility during strikes does not diminish the sector's systemic risks. A 2025 study in the found that hospitals acquired by healthcare real estate investment trusts (REITs) faced a 5.7-fold higher risk of closure or bankruptcy compared to non-REIT-acquired hospitals. This underscores the fragility of profit-driven models in the face of prolonged labor disputes, particularly as REITs increasingly dominate hospital real estate.

Public Trust and Long-Term Financial Risks

Erosion of public trust poses an equally significant threat. A 2025 study by the American Journal of Managed Care revealed a 31.4 percentage-point decline in trust in healthcare institutions between April 2020 and January 2024, dropping from 71.5% to 40.1%. This decline correlates with reduced vaccination rates and lower patient compliance with health recommendations, potentially increasing public health costs and reducing hospital revenue. For example, NewYork-Presbyterian's abrupt cancellation of a multi-year Medicaid contract with Healthfirst in 2025 left thousands of patients without affordable care, further damaging its reputation.

Mount Sinai's handling of the November 2024 active shooter incident also drew scrutiny. Despite nurses' demands for improved safety measures, the hospital reportedly disciplined staff who raised concerns. Such incidents amplify public distrust, which, as the AJMC study notes, can translate into long-term financial losses through reduced patient volumes and higher preventable disease costs.

Implications for Healthcare Real Estate and Management Stocks

The interplay between labor unrest and real estate investment is particularly concerning. While healthcare REITs posted 8.5% returns in 2025, driven by demographic tailwinds and low supply, the same period saw a 2.15% increase in LPN staffing but a 6.25% decline in RN staffing at REIT-acquired nursing homes. This suggests that while REITs may boost certain metrics, they risk destabilizing critical care roles during crises. For hospital management stocks, the challenge lies in balancing cost-cutting with workforce retention. As NYSNA argues, underinvestment in nursing could lead to a "tipping point" where patient safety and institutional credibility are irreparably harmed.

Conclusion: A Call for Proactive Labor Strategy

The strikes at Mount Sinai and NewYork-Presbyterian underscore a broader structural issue: hospitals operating under fee-for-service models have little incentive to invest in their most critical asset-their nursing staff. For investors, the lesson is clear: long-term profitability in healthcare depends not only on financial engineering but also on addressing labor grievances proactively. Institutions that fail to align with workforce needs risk not only operational disruptions but also reputational damage, declining public trust, and a loss of market confidence. As the January 12, 2026, strike deadline looms, the resilience of high-margin hospital operators will be tested-not just by their balance sheets, but by their willingness to prioritize people over profits.