In the last five years, the average hospital turned over 100.5% of its workforce
Health insurance, alongside other benefits, are key in retaining staff in the healthcare industry.
According to the 2023 NSI National Healthcare Retention & RN Staffing Report, the hospital turnover rate stands at 22.7%. The average cost of turnover for a bedside Registered Nurse is more than $52,350, costing the average hospital system between $6.6 million and $10.5 million per year.
A study done by The Harris Poll found that nearly two-thirds of healthcare workers report that they stress over their finances and nearly half do not feel their employer provides adequate resources or benefits to help them manage financial stress.
Managing financial stress can start with providing a benefit package that employees can actually afford. The Difference Card specializes in building health plans at better price.
By providing dedicated healthcare workers with a health plan that meets their financial needs, organizations can lower their attrition rate AND attract top talent.