Becker's Healthcare September 22, 2022
Healthcare workforce shortages of nurses and other workers are nearing a crisis point as a result of retention challenges, issues around pay differentials and overall costs for contract nurses, combined with an aging workforce.
The large-scale nursing shortage has strained health systems forced to balance an immediate need for nurses with sustainable staffing models. Compensation for contract nurses is a ballooning issue for providers, many of whom have posted significant first and second quarter losses, largely due to labor costs. The nursing exodus, including ongoing retirements, has also affected foundational team infrastructure: There are fewer opportunities for experienced nurses to mentor and support the career development of new nurses. And the staffing turnover rate places additional burdens on nurses, clinical...
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