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All posts tagged with “Hospice Provider News | Operations News | Staffing.”
Insights on Exposing, Resolving Chronic Underfunding of Nursing Homes
12/07/23 at 03:59 AMInsights on Exposing, Resolving Chronic Underfunding of Nursing HomesSkilled Nursing NewsDecember 5, 2023As nursing homes grapple with a tough economic and labor environment—which has forced closures and created access issues—patient and nursing home advocates underscored the emotional toll of care, calling upon the federal and state governments to do more to address new and emerging generational challenges to care.
Execs—Retention program has lasting positive effect on turnover, culture for VITAS
12/07/23 at 03:37 AMExecs—Retention program has lasting positive effect on turnover, culture for VITASMcKnight’s Home Care DailyDecember 5, 2023A successful retention program, which has since ended, has had an enduring impact on recruitment, retention and employee satisfaction at hospice provider VITAS, executives said Monday during an investor conference. “We got a lot of goodwill with the employees,” David Williams, chief financial officer of Chemed, VITAS’ parent company, said during the conference hosted by Bank of America. “It showed that we were responding to their needs. They were concerned they were overworked, that they were underappreciated. The program responded to those issues.”
Labor challenges slowing nonprofit hospital recovery—Fitch
12/07/23 at 03:24 AMLabor challenges slowing nonprofit hospital recovery—FitchModern HealthcareDecember 5, 2023Nonprofit hospitals and health systems are recovering financially but more slowly than expected, according to a report Fitch Ratings published Tuesday. Much of the sector has broken even in operations on a month-to-month basis in 2023, but it happened later in the year and to a lesser extent than analysts anticipated, the credit ratings agency reported. Labor costs, although softening, remain the top pressure point. Fitch is keeping the nonprofit hospital sector in the “deteriorating” category. Downgrades have outpaced upgrades by about 3-to-1 so far in 2023. Negative rating outlooks grew from 8.9% in 2022 to 10.7% this year. ... In 2024, operational success will largely hinge on how well hospitals recruit and retain employees, Fitch concluded.
After strike, Everett nurses, Providence agree on tentative contract
12/07/23 at 03:20 AMAfter strike, Everett nurses, Providence agree on tentative contractEverett (WA) HeraldDecember 5, 2023Everett, WA—Providence Regional Medical Center Everett reached a tentative contract agreement with more than 1,300 union nurses, the hospital announced Monday. The agreement—reached Friday night—comes after nearly nine months of talks and a five-day strike in November. Nurses walked out Nov. 14 to protest understaffing, the main sticking point between both sides. ... If the new agreement stands, nurses will have a contract that includes most of the terms they have asked for. The nurses’ union, United Food and Commercial Workers 3000, declared victory in a message to nurses Saturday.
Hospice Clinician Wages Rising at Slower Rate; Turnover Falling
12/03/23 at 04:00 AMHospice Clinician Wages Rising at Slower Rate; Turnover FallingHospice NewsDecember 1, 2023Wages for hospice clinicians continue to go up amid widespread staff shortages, but they grew at a slower rate in 2023 compared to the prior year. The national average hourly rate for Hospice registered nurses rose 4.58% in 2023, down from a 5.95% increase in 2022, according to a new report by the Hospital & Healthcare Compensation Service in cooperation with the National Association for Home Care & Hospice. Meanwhile, turnover rates declined in 2023, representing the first drop in several years, the report indicated.
Salary increases, bonuses help to address nurse staffing challenges, hospice survey finds
12/02/23 at 04:00 AMSalary increases, bonuses help to address nurse staffing challenges, hospice survey finds
Hospice Providers Developing New Strategies for Recruitment, Retention
12/02/23 at 04:00 AMHospice Providers Developing New Strategies for Recruitment, Retention