Behavior health had a turnover rate of 22.7 percent in 2020, compared to 20.6 percent in 2019. Step-down had a turnover rate of 24.4 percent in 2020, compared to 18.5 percent in 2019. Hospitals with more than 500 beds had the lowest turnover rate of 17.4 percent, a 2.1 percentage point increase from 2019.Ħ. Hospitals with 200 to 349 beds had the highest RN turnover rate of 22.9 percent, a 5.8 percentage point increase from 2019. The Northeast had the lowest turnover rate of 13.2 percent, a 0.6 percentage point decrease from 2019.ĥ. Hospitals in the Southeast had the highest RN turnover rate of 24.9 percent, a 7.2 percentage point increase from 2019. Each percent change in RN turnover costs or saves the average hospital $270,800 per year.Ĥ. The average cost of turnover for a bedside RN is $40,038 and ranges from $28,400 to $51,700, causing a hospital to lose $3.6 million to $6.5 million per year. In 2020, the turnover rate for staff RNs was at 18.7 percent, a 2.8 percentage point increase from 2019.ģ. Since 2016, the average hospital turned over about 90 percent of its workforce and 83 percent of its RN staff.Ģ. Here are 10 important facts about the cost of nurse turnover, by the numbers:ġ. The survey covers 501,764 healthcare workers and 144,300 registered nurses. In this report, 226 facilities from 37 states participated and were asked to report data from January to December 2020. Due to this, hospitals have been paying astronomical prices in turnover costs, according to the " 2021 NSI National Health Care Retention & RN Staffing Report." The COVID-19 pandemic wore down registered nurses, causing many to leave and retire early, leaving vacant spots in hospitals.
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