WHAT’S THE CO$T OF FAILURE?
The failure to recruit and retain sufficient numbers of RNs has led to high-stress conditions for working RNs and poorer quality of care for patients. It also creates significant costs for hospitals. While hospital administrators may have cut RN staffs as a means of improving their bottom line, they may have inadvertently committed themselves to new, and often unseen, expenses(1).
A 2018 STUDY CITED “BURNOUT”, HEALTHCARE BULLYING, AND FRUSTRATION OVER NURSING SHORTAGES AS REASONS FOR NURSE TURNOVER
If the funds now spent fighting a losing battle to replace disheartened nurses were instead devoted to improving job conditions, it is possible that the nursing "shortage" could be mostly solved and the nation's hospitals might still end up with significant savings.