Day: October 19, 2021

Hospitals pay high turnover costs due to RNs leaving the profession

Photograph: Dean Mitchell/Getty Images

Owing mostly to the COVID-19 pandemic, registered nurses are leaving healthcare, with a lot of retiring early or merely leaving the profession for other pursuits, burdening hospitals with exorbitant turnover expenses, a new report finds.

The 2021 NSI Nationwide Wellbeing Treatment Retention & RN Staffing Report discovered that considering that 2016, the regular hospital has turned about about 83% of its RN personnel and ninety% of its all round workforce, with the cost of turnover for a bedside RN ranging amongst $28,400 and $fifty one,700 – sufficient to lead to a lot of hospitals to lose amongst $3.six and $six.five million for every calendar year.

Total, the healthcare job market carries on to trend upward, with 37.four% of surveyed hospitals anticipating an improve in their labor pressure. But this upward trend is currently being dampened, and is down far more than sixteen% from the preceding calendar

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