Fortune Journal had 3 articles offering an summary of the labor marketplace for nurses.
In every article, I’m quoted. For example, I focus on the earlier development of elevated use of touring nurses and why this led to increased wages throughout the COVID-19 pandemic.
There are two main causes wages are rising, in accordance with Shafrin, they usually each stem from the pandemic. “Nursing has turn out to be a extra harmful occupation, significantly within the hospital setting, and wages must rise to take this danger under consideration,” he notes.
What’s extra, the well being care business more and more depends on touring nurses, which “provide hospitals a extra versatile labor drive”—however at a price. Touring nurses usually work for companies that “cost hospitals extra for this flexibility,” Shafrin provides.
I additionally focus on how the usage of digital expertise might assist offset nursing value for hospitals.
“The rising value of nurses will mark an inflection level the place hospitals and physicians more and more undertake extra digital applied sciences to assist monitor—with nurse and doctor oversight—sufferers who’re more and more more likely to be handled outdoors the hospital,” says Jason Shafrin, a senior managing director at FTI Consulting within the Middle for Healthcare Economics and Coverage, and the founder and editor of Healthcare Economist. “Routine nursing care that follows extremely standardized, prescribed procedures might be more and more carried out by machines.”
Do learn every of the articles if you are interested in the place the labor marketplace for nurses is headed.