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ShiftMed Knowledge Center

Smarter Healthcare Workforce Management Starts Here

Our Knowledge Center delivers practical, data-backed insights to help hospitals and health systems control labor costs, reduce agency dependency, and strengthen workforce sustainability.

From nurse staffing strategies and labor cost management to retention best practices and open shift optimization, our articles equip healthcare executives with the tools to improve margins without compromising patient care.

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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