The shocking cost of turnover in health care.

@article{Waldman2004TheSC,
  title={The shocking cost of turnover in health care.},
  author={J. Deane Waldman and Frank K. Kelly and Sanjeev Arora and Howard L. Smith},
  journal={Health care management review},
  year={2004},
  volume={29 1},
  pages={
          2-7
        }
}
Review of turnover costs at a major medical center helps health care managers gain insights about the magnitude and determinants of this managerial challenge and assess the implications for organizational effectiveness. [...] Key Method Here, turnover includes hiring, training, and productivity loss costs. Minimum cost of turnover represented a loss of >5 percent of the total annual operating budget.Expand
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495 Citations
Highly Influential Citations
23
Background Citations
149
Methods Citations
4
Results Citations
4

495 Citations

Citation Type

Citation Type

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A method to inflation adjust baseline nurse turnover costs using the Consumer Price Index is presented to gain current knowledge of organizational nurse turnover Costs when primary data collection is not practical and to determine costs and potential savings if nurse retention investments are made. Expand
The Costs of Nurse Turnover: Part 1: An Economic Perspective
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The Costs of Nurse Turnover, Part 2: Application of the Nursing Turnover Cost Calculation Methodology
  • C. Jones
  • Medicine
  • The Journal of nursing administration
  • 2005
TLDR
This is the second article in a 2-part series focusing on nurse turnover and its costs, and the updated Nursing Turnover Cost Calculation Methodology is presented. Expand
Nurse turnover: a literature review.
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A comprehensive literature review was undertaken to examine the current state of knowledge about the scope of the nurse turnover problem, definitions of turnover, factors considered to be determinants of nurse turnover, turnover costs and the impact of turnover on patient, and nurse and system outcomes. Expand
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A study that was designed to refine a methodology to examine the costs associated with nurse turnover provided significant evidence to justify increased emphasis on nurse retention strategies and the creation of healthy work environments for nurses. Expand
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A culture of turnover was found that is inconsistent with nursing as a knowledge workforce and information on turnover and costs is needed to develop strategies that retain nurses as knowledge-based workers. Expand
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References

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