The Current State of Turnover in Healthcare

  • By Josie Witaschek
  • in
  • on November 5, 2021

Contributed by Avantas

Turnover by the Numbers: Cause for Concern
Turnover data is important for establishing analytical benchmarks. Consistent, detailed statistics are limited. AMN maintains active surveillance on turnover and has assembled an array of data points that together illuminate today’s situation.

Overall
A workforce turnover survey of 226 hospitals pegged the 2020 rate at 19.5%, up 1.7 points from the prior year and the highest rate recorded over the past five. Responses ranged from 3% to 43%. All but 6% of the turnover was voluntary. Organizations with 200-349 beds experienced the largest percentage.

CEO
Churn at the top has remained fairly consistent for several years. A leading study placed hospital CEO turnover at 16% for 2020.2 While that is an encouraging drop from 17% in 2019, itself a decline from 18% in prior years, the level remains elevated. Extended across the survey’s base of almost 4,400 hospitals, the current turnover represents a substantial 700 CEO departures. It is worth noting that healthcare is no outlier in this regard. A 2018 cross-industry study of 2,500 global companies found a CEO turnover rate of 17.5%.

Read the full report here

About Avantas

Healthcare Working Smarter
Healthcare labor management is not easy. Healthcare is not an assembly line, and one solution does not fit all. Getting the right person to the right place at the right time to care for patients is a huge responsibility, and doing it correctly, at the right cost, is a science. We’ve been helping provider organizations do this – and only this – for more than 20 years. We get it. And, we’ve been successful in applying what we’ve learned along the way to help others solve the same challenges. We’d like to share this with you.
We will help you reduce the chaos, unnecessary expense, and stress typically associated with staffing and scheduling in healthcare. We will partner to help you solve immediate challenges, like excessive overtime, then grow with you, when you are ready, to deploy more advanced strategies and tools to better manage your staff. Go here for more information.

Leave a Reply

PUBLISHED BY Josie Witaschek

View all posts by Josie Witaschek

Related Posts

#MillenniumLive , Healthcare , Podcast

#MillenniumLive on Igniting a Digital Health Revolution with Validic

#MillenniumLive welcomes Drew Schiller, CEO & Co-Founder at Validic, the healthcare industry’s premier technology platform for convenient, easy access to digital health data from best-in-class clinical and remote-monitoring devices, sensors, fitness equipment, wearables and patient wellness applications. Drew discusses Validic’s unique perspective on the role remote patient monitoring plays as part of an organization’s digital […]

#MillenniumLive , Healthcare , Podcast

#MillenniumLive on Modernizing the Patient and Clinician Experience with Vital

#MillenniumLive welcomes Aaron Patzer, Founder and CEO of Vital, a modern, intelligent digital health application that is transforming the care experience in hospitals and in emergency departments. Aaron shares how Vital has been optimizing user experience with consumer-grade software and artificial intelligence, and how they committed to healthcare excellence, building beautiful user experiences and intelligent […]

#MillenniumLive , Healthcare , Podcast

#MillenniumLive on the ROI of Implementing Self-Service Online Triage with Clearstep

This week on #MillenniumLive, we chat with Adeel Malik, Co-Founder & CEO of Clearstep. There are few health systems in the U.S. that are properly equipped to service patient consumers in a manner that is easiest, safest and most convenient for them. Therefore, enhancing patient experiences and automating care access with clinical AI chat solutions […]

Healthcare

Online Communities: The New Strategic Advantage in Healthcare Marketing

Contributed by LiveWorld  3 RISING TRENDS IN HEALTHCARE MARKETING While the pandemic has created overwhelming uncertainty for healthcare systems, there are some very clear trends and factors shaping the challenges and opportunities of healthcare marketing during 2022. These factors include: 1. Rebuilding Relationships On a personal level, the pandemic forced us to see the value […]

Lovin’ Digital Diary?

Premium content to our readers interested in all things business.

Check Us Out!

Millennium Membership offers Fortune 1000 C-Level executives, leading public sector/government officials, and thought leaders across a variety of disciplines unique and exclusive opportunities to meet their peers, understand industry developments, and receive introductions to new technology and service advancements to help grow their career and overall company value.

About Millenium Alliance Next

About Digital Diary

Created to provide premium content to our readers interested in all things business.

Launched in 2017, Digital Diary was created to provide premium content to our readers interested in all things business. With our blogs catered to deliver the top news stories, trends, and interviews from across all industries.

Read all story Next

Millennium Alliance Membership

Learn More Next

What does it mean to be a Millennium Member? In the midst of the constant disruption across all industries, our members are given the tools they need to digitally transform their organizations and become the best leaders they can be. Millennium Members are provided the exclusive opportunity to attend our 40+ intimate in person and virtual Assemblies, take part in industry-leading Executive Education sessions conducted by the nation’s leading academic institutions, business leaders, and technology providers and receive industry leading content through our Digital Diary Platform as well as the rapidly growing #MillenniumLive Podcast Series.