There is a lot of great information out there, but I began at the beginning and started teaching my group what their real pay looks like. Your facility will have its own numbers, but in general you should be able to get the hospital budget and look at percent of earnings that go to salaries. Then start filling in the blanks. These snippets are enlightening.
"Although nurse wages and payroll accounted for 76-78 percent of total costs, other costs came from non-productivity costs (11-12 percent), insurance (8-9 percent),recruitment (1-2 percent), and other (1 percent), according to the study.
The actual cost per hour for a full-time, direct care hospital registered nurse is, on average, 176 percent of his or her base hourly wage. The cost is $98,000 per year ($45 per hour). Of that, base wages accounted for $55,739 per year ($25.84 an hour)."
Read more: Hospital labor study reveals hidden costs of nurses - FierceHealthcare Hospital labor study reveals hidden costs of nurses - FierceHealthcare
Then the below snippet.
While higher nurse staffing levels are often associated with improved patient outcomes
, that is not the case at "safety net" hospitals that provide care to low-income, uninsured and vulnerable populations. Despite having similar staffing levels, safety net hospitals experienced worse patient outcomes than other hospitals, according to a study published in the April 2011 issue of Medical Care
For non-safety net hospitals, more nurses were associated with fewer deaths due to congestive health failure; fewer incidents in which nurses did not note or initiate treatment in life-threatening situations (failure to rescue); lower rates of infections, including infections after operations; and shorter hospital stays. Hospitals with safety-net status saw higher rates of congestive heart failure mortality, bed sores and failure-to-rescue deaths.
Read more: More nurses don't improve patient outcomes at safety net hospitals - FierceHealthcare More nurses don't improve patient outcomes at safety net hospitals - FierceHealthcare
Another good article to share is from the American Hospital Association that says 60% of all hospitals lose money on patient care.