For healthcare leaders on the go, take a look back at what’s been happening in interim leadership this month:
As Hospitals Rely On New Grads To Address Staffing Shortages, Recent Study Reveals Approximately 57% Of New Nurses Will Leave Their Organization Within The First Two Years
- 50% of hospitals report having between 10 and 74 nurse job openings to fill
- 7% increase in the overall use of travel nurses in 2019
- 13% of the hospitals surveyed reported using more than 25 travel nurses this year to fill openings
Vizient Award Winning Service Line Led By Novia Interim For Cost Reduction
- Case volume grew by 4.6% compared to year prior
- Service Line net operating revenue grew 10% over 1-year period
- Service Line received Vizient award for “Most Improved Service Line”
The Cost of Burnout
- Professional burnout is now classified as a medical condition according to the World Health Organization
- On average, hospitals lose $22,000 for every disengaged nurse
- The cost of nurse turnover ranges from $38,000 to $61,100
