2. The Problem
• 17.2% Turnover rate for bedside nurses
• $48,050 Cost to replace a single bedside nurse
• 2.5% Healthcare employment rate is high
• 10% One-third of hospitals report RN =>
• 85 Average days to recruit a Registered Nurse
(Sources: BLS, 2016; RN Turnover, 2016; NSI, 2016)
(Source: NSI, 2016)
3. • 43 percent of newly licensed nurses who work in hospitals leave their jobs
within three years.
• 33.5 percent resign after two years and 17.5 percent work for only one year.
• Nurses who work more than 12 hours in a single shift; more than 40 hours a
week are likely to leave the nursing workforce within a year.
• Overtime is costly and should not be common.
• Errors are significantly affected by work duration, overtime and hours worked
per week (Rogers et al., 2004)
The Problem
4. As population ages, 2.3 million new health care
workers by 2025 required
400,000 new nursing assistant positions and nearly
51,500 new nurse practitioner openings, but there will
not be nearly enough skilled workers to fill those roles.
Inadequate number of graduates to replenish retiring
nurses
Consider the effects of turnover, patient safety, and
cost when fewer nurses handle larger patient
volumes. Errors and poor outcomes may result in
costly extended stays and unnecessary readmissions.
(Source: Mercer Consulting)
5. According to Faller, Dent, and Gogek (2018) a
full cost comparison indicated a higher costs
for core staff nurses versus travel nurses. Core
staff nurse costs were as much as 10 % greater
than the ‘bill rates’ for travel nurses.
6. The Solution
Partner with Alliance to supplement your core staff
• The correct combination of Contract and PRN staff can improve staffing efficiencies.
• Travel Staff are typically more cost effective than overtime for regular staff.
• Use travel staff to avoid burnout and unwanted turnover.
• Seek to match non-productive staff hours with travel staff hours
• Work with Alliance Nurse Core to enhance staffing accuracy in operating budgets.
7.
8. Contact Information
Atlanta Office
1572 Highway 85 N
Suite 209
Fayetteville, GA 30214
Abel Pestana
(770) 907.7711 office
(770) 692.6561 fax
Birmingham Office
429 Green Springs Highway
Suite 161-242
Birmingham, AL 30209
Dr. Michael L. McEachern. Ed.D, LFACHE
(205) 207.7722 office
(770) 692.6561 fax
www.rnanc.com