Hospital Enters Housing Market

  1. Company town
    Washoe Med enters housing business; industry competitors watching
    Zack Hall

    RENO GAZETTE-JOURNAL
    Posted: 8/13/2006

    Nevada hospitals' nursing shortage is certainly not a new phenomenon. And the boom in housing prices during the last three years hasn't made recruiting nurses from out of state any easier.

    So Northern Nevada's largest hospital is responding with an aggressive homebuilding project for prospective employees. And area hospitals aren't the only ones watching Washoe, as other major employers struggle to recruit employees from out of state.

    More: http://news.rgj.com/apps/pbcs.dll/ar...608130326/1071

    This is a local article from the Reno newspaper...very interesting thing the major hospital here is doing to try to recruit and retain nurses and other hospital staff. The median home price here is in the mid $300,000s!
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    About Reno1978, BSN

    Joined: May '06; Posts: 1,288; Likes: 940

    1 Comments

  3. by   RNsRWe
    It's an interesting, and creative potential solution (or partial solution) to a very real problem. I'd be willing to guess that those who will benefit most from this arrangement would be long-time employees who cannot afford to buy homes any other way; by BEING long-time employees, they are least likely to wish to leave and be required to sell back their home.

    I'm also willing to guess it's NOT going to draw in many out-of-state nurses (or other short staff). How many people are going to be willing to purchase a home from a hospital in this manner, so that if it turns out they DON'T want to stay with that hospital for five full years, they'd be forced to sell back their home? It almost has the feel of indentured servitude. I think that's probably expecting alot. Rather risky for the new employee and his/her family, IMO.

    And what of the people who intend to continue to work, but finds themselves on disability? They are still employees (for awhile) but if they are unable to live out their agreement, they're also homeless?

    Perhaps my misgivings are of no significance, and this will turn out to be a great thing. Still, I don't believe I would personally wish to enter into a living arrangement (where my actual home is on the line) with my employer.

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