Many are quick to blame travelers for the poor state of hospital finances. However, isn’t there a difference between a traveler in the OR—an interim staff member in the hospital’s profit center—and an interim RN in an area financially supported by OR profits? What about the argument that travelers can…

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For many healthcare facilities, operational costs are steadily rising, and no clearcut solution is in sight. However, some hospital systems are gradually reclaiming control over their budgets by finding ways to stabilize their finances and improve workforce morale. During the pandemic, many hospitals turned to short-term contract labor as a…

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Takeaways Providers are generally seeking to reduce use of travelers through strategies such as float pools, training programs, and cultural reforms. However, travelers remain useful as a bridge to permanent staff and for difficult-to-fill positions. Best practices for selection, onboarding, team integration, and performance evaluation are essential for maximizing return…

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Editor's Note According to the 2023 Wage Report from consultancy Springboard Healthcare, cardiac catheterization laboratory (cath lab) technologist and nurse wages have begun to stabilize in 2023, 3 years after the pandemic, Cardiovascular Business September 19 reports. Permanent nurses saw a modest wage increase of 3.7%, while travel nurses experienced…

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Editor's Note Data from Fitch Ratings indicates hospital wage inflation is “leveling off,” Becker’s Hospital Review reported September 9, calling the report “good news” amid continued payroll increases and labor shortages. According to Becker's, key takeaways of the data include: Year-over-year average hourly earnings growth for hospital employees dropped 3%…

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Takeaways • Surgical volume continues to increase for most organizations. • Staffing remains a challenge, although some parameters, such as recruiting and turnover, have improved slightly. • Filling an open RN position takes an average of 77 days, and filling a surgical technologist position takes an average of 120 days.…

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Editor's Note A bill in California that aims to increase oversight of private equity healthcare investments is receiving support from consumer advocates, labor unions, and the California Medical Association and opposition from hospitals worried about losing funding sources, the Los Angeles Times reported August 9. Sponsored by Attorney General Rob…

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Editor's Note Extensive training and lower wages lead healthcare workers to accrue more debt than those in other industries, according to a recent analysis published in JAMA Health Forum.  Findings were based on 2018-2021 data from U.S. Census Bureau’s Survey of Income and Program Participation. According to an August 5…

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Editor's Note The Supreme Court’s recent “Chevron” ruling could offer additional financial security to hundreds of so-called "tweener" rural hospitals—those too large to be considered critical access hospitals but too small to be rural referral centers. Modern Healthcare reported the news July 29. According to the article, critical access hospitals,…

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Takeaways • Compared to 2023, the percentage of respondents reporting an increase in open positions for RNs and STs, as well as increased turnover for RNs, remained stable, but fewer reported a drop in ST turnover. • The percentage of respondents reporting hiring more managers set a 9-year record. •…

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