Prior to now months, many hospitals and different well being care suppliers have famous the steep rise in the price of hiring nurses. Many suppliers noticed double digit year-on-year development of nurse wages. For example, some well being programs in Louisiana noticed a 16% rise in labor prices between 2021 and 2020. Largely, a lot of the extra value was because of the rise of travelling nurses.
In latest months, nonetheless, demand for nurses–particularly journey nurses–has fallen dramatically. Kaiser Well being Information reviews that:
Nationally, demand for registered nurse vacationers dropped by a 3rd within the month main as much as April 10, in line with knowledge from staffing company Aya Healthcare, though openings have rebounded barely in latest weeks.
Contemplate the case from one well being system in Oregon.
When Oregon’s governor declared the pandemic emergency over April 1, state-level covid aid cash evaporated. Oregon Well being & Science College Hospital in Portland misplaced funding for near 100 journey nurses. That, together with decrease covid charges and extra full-time hires, has led to “a bursting of the bubble,” mentioned Dr. John Hunter, CEO of OHSU Well being.
The well being system had about 50 contractors of every kind earlier than the pandemic, in contrast with 450 at its peak, when sufferers, many in want of shut monitoring, flooded in and turned the hospital’s restoration room into an intensive care unit.
“It has been very costly,” Hunter mentioned. However issues are turning round, he mentioned, and in latest weeks the hospital has negotiated contract charges with its journey nurse company down as a lot as 50%.
One can see the development in US journey nurse demand from the graph beneath: