Stop turnover before it disrupts care and your budget
With policy changes and financial uncertainty reshaping healthcare, retention matters more than ever. Key factors include:
- Persistent talent shortages: the annual hospital turnover rate is close to 21%. Each percent change in registered nurse turnover costs the average hospital $289,000 per year
- Rising labor costs outpacing revenue growth: Nurse turnover costs hospitals millions in replacement costs and agency fees adding pressure to already tight margins
- New financial strains: OBBBA policy changes, additional administrative and compliance burdens, and coverage gaps are felt acutely for rural hospitals