Becker's Healthcare March 31, 2023
The last three years have been a tumultuous time for hospitals, healthcare organizations, and other employers of registered nurse (RN) labor, especially travel, contingent nurses. Outsized demand for RN labor to cover hospitals beds filled with Covid-19 admissions led to significant rate increases. On the labor force side, the coupling of absences due to sickness, nurse burn out, the increased availability of virtual work, and an existing well-documented general shortage of RN labor has led to a tightening of RN supply—further elevating hourly RN labor rates.
Figure one, shows travel nurse total hourly compensation from January 2022 through March 2023. According to Wanderly data, January 2022 was the peak of the market over the last three years with a steady...
Today's Sponsors
Today's Sponsor