In an era when cost seems to trump care, hospitals are challenged to find new ways to extract value from operations already burdened by the need to balance census levels, mandated value-based purchasing and reduced Medicare and Medicaid reimbursements. With labor typically as a hospital’s single largest cost, there is opportunity to unlock value through workforce strategies designed to address pressing needs for greater productivity, while supporting improved outcomes and patient satisfaction.
The single overriding mission of every health care provider is to ensure the best possible patient care. Achieving this mission requires finding the right people for the right place at the right time to provide this care. Today, this can be a challenge, given the high rate of health care job growth and the scarcity of specialty skills—especially in nursing. Many chief nursing officers (CNOs) are struggling just to fill core vacancies.
St. Luke’s University Health Network, a 972-bed nonprofit health system in Pennsylvania, faced two increasingly persistent challenges. One was economic, as the health system faced continuing pressure on margins because of rising costs and diminishing payments and reimbursements. The other was meeting its staffing goals in an increasingly tight healthcare labor market.
Nurse Competency recently shared an article about getting a grip on the U.S. nursing shortage. The post outlined a combination of three smart recruitment and retention solutions that will help to address this ongoing challenge.
In a month which fell short of expectations, a total of 38,000 jobs were added to the US economy in May, according to data released last Friday by the U.S. Bureau of Labor Statistics.
However, the Healthcare & Social Assistance (+55,400) and Professional Services (excluding temporary help; +31,000) sectors exhibited strong growth last month.
According to the Bureau of Labor Statistics (BLS), employment of nurse anesthetists, nurse midwives, and nurse practitioners is projected to grow 31 percent from 2014 to 2024, much faster than the average for all occupations.
HealthTrust℠ was selected for the seventh time as a recipient of a “Champion for Change” award from Practice Greenhealth. The recognition is one of the national membership organization’s Environmental Excellence Awards given annually to honor outstanding environmental achievements in the healthcare sector.
The HealthTrust reSOURCEs blog recently shared story about how the demands being put upon the healthcare system by the aging population and featured commentary from Parallon Workforce Solutions.
Facilities that serve aging Americans, either in acute care or long-term care settings, will not just be staying busy. They’ll also need new strategies and techniques to recruit and train their staff to meet the changing needs of a more active, engaged and digitally savvy population of older adults.