Recent data may give hospice providers deeper insight around the driving forces of nursing shortages. Hospices may see a mass exodus of registered nurses in coming years, particularly younger, newer and less experienced nurses experiencing pandemic-related burnout, according to an analysis from the National Council of State Boards of Nursing (NCSBN). Nearly 900,000 of the […]
Hospices that are shaping their recruitment and retention strategies around work-life balance and career development have a fighting chance against competitors for sparse clinical staffing resources. As workforce shortages mount throughout the health care system, competition in the labor market has intensified. Hospices are increasingly competing with other health care providers for clinical staff as […]
Hospices are working to strike a harmonious chord between increased demand for inpatient care and the workforce resources to support it. Some hospice providers have seen a rise in demand for inpatient care. While a number have been able to expand to address this need, others have had to shutter their inpatient programs due to […]
When it comes to labor, hospice providers are walking a balance beam between the need to increase capacity and the long-term sustainability of offering bonuses, tech investments and larger benefits packages. Publicly traded hospice providers have reported improvements on turnover and workforce shortages. But the strides have come at a cost. While the public companies […]
When retiring hospice nurses are ready to pass the torch, often no one is there to take it. The same applies to instructors in nursing schools who could help replenish their ranks. A dearth of nursing educators is contributing to hospice workforce shortages, leading providers to compensate by expanding in-house training programs. Currently, nursing schools […]
Money isn’t everything when it comes to recruitment and retention. While compensation is an important factor for attracting and keeping staff, hospices need to consider other crucial aspects. Employee benefits, a career path, organizational culture and leadership engagement also weigh into workers’ decisions to join, stay or leave a hospice. Hospices should take a close […]
Workforce improvement is at the crux of Enhabit, Inc.’s (NYSE: EHAB) hospice growth plans. Seeing recent clinical staffing gains, the company’s recruitment priorities include reinforcing its sales team to draw more referrals. Labor has been a big “swing factor” in Enhabit’s ability to sustain and grow its services, particularly on the hospice side, CEO Barbara […]
Shake Ups in St. Croix’s Executive Level St. Croix Hospice recently made changes to its executive team. The changes are intended to support the organization’s future growth. St. Croix provides hospice to nearly 4,000 patients daily across the Midwest. The hospice provider operates 60 locations in 10 states. The hospice promoted Eric Lewis to chief […]
Chemed Corp. (NYSE: CHE) VITAS Healthcare has appointed Alexander Fernandez as its CFO and executive vice president (EVP). Fernandez oversees the Florida-based hospice company’s finances, investor relations and accounting functions. He will also help to drive VITAS’ growth, accelerate positive financial trends and ensure compliance. Fernandez joins the company at a crucial point in its […]
Seeds of optimism are taking root among hospice providers that industry-wide labor pressures may improve this year. Though staffing remains the greatest challenge in 2023, conditions are improving, reported more than half (54%) of hospice and palliative care professionals in this year’s Hospice News Industry Outlook Survey, prepared in collaboration with Homecare Homebase. Last year, […]
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