Asian American nurse talking to a young child in the emergency room.

The Pulse of the Profession

Welcome to the ShiftMed blog where we discuss everything nursing, from professional insights to healthcare holidays to helpful hints for working with us.

Tackling Wage Inflation Within Healthcare

As healthcare continues to experience a labor shortage, wage inflation has become a significant issue. According to Premier Inc., the nurse base pay is up 9% since June 2021 and is likely to continue rising. Travel nursing agencies, which offer temporary nursing staff to fill in gaps in staffing, are expensive and exacerbate wage inflation. In fact, a recent 2022 report examined input from 272 hospitals in 32 states on registered nurse turnover, retention, vacancy rates, recruitment metrics and staffing strategies. The report revealed that for every 20 travel RNs eliminated, a hospital can save $4,203,000 on average. As a result, health systems and post-acute facilities are searching for alternative solutions. 

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The State of Gig Work in 2023

The gig economy has been on the rise for the past decade, but its impact on healthcare has been especially notable in recent years. As the demand for healthcare services continues to grow, the gig economy has presented itself as a solution to address healthcare support staffing shortages in the industry. However, healthcare providers need to find the right partner that helps eliminate the risk that comes with leveraging the gig economy.  

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