Hospice News October 11, 2024
Fierce competition for clinical resources amid widespread workforce shortages has hospices taking nimble approaches to their recruitment strategies, including pivoting financial investments and building stronger educational partnerships.
Competition in the health care market has been driving up salaries, particularly among nurses, according to Jennifer Lemere, vice president of clinical operations at St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital. But rising compensation trends are also occurring across the interdisciplinary spectrum, Lemere added.
The climbing labor costs are outpacing annual hospice reimbursement increases, challenging many providers to pay close attention to how they spend their recruitment and retention dollars, she said during the Hospice News Staffing Summit. Having a system of financial checks and balances is...
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