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- Nurses are leaving the healthcare industry or taking long leaves of absence because of low pay, little opportunity, and lack of respect for their work.<\/li>\n\n\n\n
- Turnover and vacancies affect facility profits from canceled appointments and procedures, poorer patient care, and the cost of healthcare professional recruitment.<\/li>\n\n\n\n
- Planning and implementing an extended workforce program<\/a> that\u2019s right for your facility can help you effectively combat healthcare labor shortages and meet the changing landscape of the healthcare labor market.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nWhy nurses and allied professionals are leaving facilities and hospitals<\/strong><\/h2>\n\n\n\n
Much has been written about the effect the COVID-19 pandemic had on the American workforce. The one constant theme is that workers\u2019 attitudes about work and how to make a living have changed. In a survey conducted by Pew Research, they found that people leaving their full-time positions were leaving because of low pay, little to no opportunities for advancement, and the lack of respect for what they do.1<\/sup><\/p>\n\n\n\n
Nursing and healthcare staffing has not been immune to these greater market trends. Added to these reasons nurses cite burnout, oversized workloads, and unsafe working conditions as top reasons why they\u2019re leaving their facilities or the profession altogether.2<\/sup> Facilities are trying their best to effectively combat healthcare labor shortages and manage their workforce<\/a> while balancing patient care and operating within or below budget. But, labor shortages are making it increasingly difficult for facilities and their existing staff.\u00a0\u00a0<\/p>\n\n\n\n
How turnover and vacancies are affecting facility profits<\/h2>\n\n\n\n
Lowered levels of patient care<\/h3>\n\n\n\n
With fewer trained professionals and higher levels of incidents, levels of patient satisfaction can be affected because of diminished quality of care, patients losing confidence in the facility\u2019s ability to take care of their needs, and physicians struggling to implement treatment plans.3<\/sup> This leads to dissatisfaction among nurses, allied pros, and physicians. And, patients will no longer utilize or refer to these facilities as reliable and look for care elsewhere. <\/p>\n\n\n\n
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\nHow to effectively combat healthcare labor shortages in 2024<\/h2>\n
Learn how to effectively combat healthcare labor shortages with an extended workforce to maintain continuity of care and gain access to tools you can use to manage your extended workforce more effectively and efficiently. In this eBook, you\u2019ll learn:<\/p>\n
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- \u25a0 Why nurses are leaving full-time jobs behind.<\/li>\n
- \u25a0 The factors impacting healthcare professional employment.<\/li>\n
- \u25a0 How you can use an extended workforce to meet demand.<\/li>\n
- \u25a0 How you can use data-led staffing planning to manage costs.<\/li>\n<\/ul>\n
Download eBook<\/a> Sign Up for Medely<\/a><\/span><\/p>\n<\/div>\n<\/div>\n\n\n
Missed Care<\/strong><\/h2>\n\n\n\n
The cost of recruitment and training<\/h3>\n\n\n\n
The cost of healthcare professional turnover is also tied to the recruitment and training of new staff. The cost to replace a single registered nurse is up to 1.3 times their salary.3 <\/sup>According to the NSI National Health Care Retention Report, a percent change, positive or negative, in nurse turnover can cost or save a hospital an average of $380,600 a year.3<\/sup> And, without the appropriate amount of staffing, facilities can lose revenue due to the temporary shutdown of services. <\/p>\n\n\n\n
An extended workforce can fill the gaps and help facilities reach their goals<\/h2>\n\n\n\n
Over the last decade, more Americans have turned to the gig economy to provide for themselves and their families. Since 2013, workers engaged in the gig economy have grown by 15%, and within the past year, wages and participation rates have grown by 33%.4 <\/sup>Like other occupations, advances in technology and access to new opportunities have changed nurses’ and allied professionals\u2019 attitudes towards work and the gig economy. Now, more nurses and allied pros are entering talent marketplaces looking for opportunities and flexibility.<\/p>\n\n\n\n