DOTmed October 2, 2023
Two realities face hospital executives that must be addressed in tandem to insure operational and financial viability. First, demand for nurses will exceed capacity for the foreseeable future. Second, unremitting financial pressures are forcing hospitals to reduce the cost of care. Staffing drives most of those costs because healthcare is a labor-intensive industry. The need for more nurses and the demand to cut costs may seem at odds, but there’s a way to address both while maintaining high standards of care. Healthcare systems can reimagine and redesign nursing practice to be more fulfilling, improving recruitment and retention. Simultaneously, these redesigned practices can create larger capacity for high-quality patient care from an institution’s existing workforce, resulting in healthier top and bottom...
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