Nurse turnover can be extremely costly for health systems, and CNOs must do their best to combat it.
From an economic perspective, it's expensive for health systems to operate under workforce shortages.
Labor costs are higher across the country in every aspect of healthcare, and having to fill gaps in the nursing workforce with agency nurses and overtime pay is also costly.
According to a recent study conducted by NSI Nursing Solutions revealed that in 2025, the hospital turnover rate is 18.3% and the RN turnover rate is 16.4% nationally.
Here's what CNOs need to know about the cost of nurse turnover.
Click here to read more about the economic impact of the nursing shortage.
G Hatfield is the CNO editor for HealthLeaders.
KEY TAKEAWAYS
If there are not enough nurses to take care of patients, or if nurses are spread too thin, patient outcomes suffer.
CNOs must invest in appropriate and safe nurse staffing, along with professional development opportunities for non-nurses like techs and LPNs to go back to school.