Chief Healthcare Executive September 5, 2022
Health systems can retain nurses by focusing on professional development across all the career stages.
High rates of nurse burnout and turnover are significantly impacting many healthcare organizations outcomes and bottom lines.
One study found that the average cost of turnover for a bedside registered nurse is $46,100, equating to between $5.2 million and $9 million in losses for the average hospital. Nurse burnout rates have risen to nearly 50 percent during the pandemic, putting organizations at risk of attrition-related losses.
Healthcare facilities are trying everything to stem the resignations — offering incentives such as recruitment bonuses and hazard pay, enhanced workplace wellness and recognition programs and increased flexibility in scheduling.
But while each of these measures are important, solving...
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