A recent study by KPMG queried 120 senior executives of health care facilities regarding trends in hospital nursing labor costs. The resulting report identifies a number of interesting findings:
- The all-in cost of a full-time direct care hospital registered nurse (RN) is on average $98,000 a year, or $45 an hour (assuming 100 percent productivity)
- Fully-loaded payroll accounts for 76 to 78 percent of the total cost
- The remaining share includes non-productivity costs, insurance costs, recruiting costs, and other costs
- On average, it takes 37 work days to fill a permanent RN position
- Sixty-five percent of respondents make use of traveling or per diem nurses; 41 percent expect their spending on travel nurses to increase
Source: KPMG’s 2011 U.S. Hospital Nursing Labor Costs Study. April 2011. http://www.kpmginstitutes.com/healthcare-pharma-institute/insights/active/us-nursing-labor-costs-study-2011.aspx
Posted by the AHA Resource Center (312) 422-2050, rc@aha.org
Filed under: Benchmarking, Financial management, Future trends, Health care, Health care quality, Hospital costs, Hospitals, Nursing, Nursing units, Posted by Jeanette Harlow | Tagged: compensation, labor costs, nurses, nursing, per diem nurses, salaries, traveling nurses |
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