Perhaps allowing modern MBAs to cost optimize most every single thing we do isn't the best way to assure mid and long term security and profitability.
Maximising profit by cutting down wages and personnel is not a MBA specific problem.
Report: 90% of nurses considering leaving the profession in the next year
51–60 of 1001 posts
Re: Report: 90% of nurses considering leaving the profession in the next year
#52While it's anecdote, every single peer in bedside medical care I know without exception has either left the field, or has immediate plans to as soon as student loan debt is repaid. The few older medical professionals in my family are simply sticking out the last few years until they can retire early. This was generally the case prior to pandemic due to how poor the work environment has become, but the pandemic seems…
Insurance companies. Everything is controlled by insurance companies. You can’t do anything unless it’s exactly how insurance wants and only for what insurance will pay. It limits everything, including how every profession can be compensated simply because you can’t easily hire somebody for more than what insurance will pay for their services. You can, but the funds have to come from somewhere.
I doubt that it's as simple as that. Nurses are also leaving in Canada and we don't have insurance breathing down their neck.
Re: Report: 90% of nurses considering leaving the profession in the next year
#53Perhaps allowing modern MBAs to cost optimize most every single thing we do isn't the best way to assure mid and long term security and profitability.
Cost optimization usually have huge gaps in things that are hard to measure like onboarding cost/time or morale or benefits of experience. Who cares about any of that when you can make the shareholders another million a the expense of literally everyone else?
Re: Report: 90% of nurses considering leaving the profession in the next year
#54I work in tech with no college degree and about 9 years of programming experience. I make mid 100,000's per year. My S/O has 6 years of Emergency Department experience and a bachelors degree and she made about 65k at our local hospital. I think pay is an enormous factor in this. Her local hospital has nurses with less than 1 year of experience being preceptors to new grads.
Re: Report: 90% of nurses considering leaving the profession in the next year
#55I have a close relation that works for one of the oldest pediatric hospitals in the country. It was recently revealed that they will be shuttering almost all pediatric services in the next year because they can 10x their profits by only serving elderly clients. The entire purpose of this organization was to provide pediatric healthcare, and it wasn’t losing money…
Sometimes, it feels like we’re min-maxing ourselves to death over here.
Re: Report: 90% of nurses considering leaving the profession in the next year
#56Not surprising. My partner is a DNP and has pretty strongly considered leaving the entire profession.
From my perspective, the entire healthcare industry is set up to treat any frontline worker without an MD after their name as completely expendable, nothing more than a row in a spreadsheet that can be optimized for middle management to hit next quarter's bonus targets.
You can meet all metrics management sets out for you, have amazing patient satisfaction scores, etc, and every 6 months some spreadsheet wielding online MBA graduate is going to show up to turn the screws and tell you you need to work harder for the same pay, and to just be happy you aren't getting laid off.
At some point in time, the workers realize the joke is on them and find another profession.
Re: Report: 90% of nurses considering leaving the profession in the next year
#57Most people work for money so I would take all this with a grain of salt. If you are a RN what are you going to do if not nursing? The same applies to all fields including Physicians.
Typically nurses are women. Typically women are married to men. Men worthy of a relationship or marriage to begin with typically have an income significantly higher than min wage, potentially capable of sustaining a family on his own. Nurses are women usually and women have options, usually.
Re: Report: 90% of nurses considering leaving the profession in the next year
#58The survey sample was 200 RNs in the USA.
Standard error in this case, assuming the 200 are randomly sampled is:
sqrt((p*(1-p)/n)
sqrt((0.9*0.1)/200) = 0.021
So 95% confidence interval for this ~ 0.86 - 0.94
Does that radically change the message of this article?
Re: Report: 90% of nurses considering leaving the profession in the next year
#59Time to bring Robots faster.
So my Roomba still gets stuck under the sofa, and robots still cannot make a full lunch, but they will replace nurses? Yeah, good luck with that.
Re: Report: 90% of nurses considering leaving the profession in the next year
#60Hard profession but one of the last things to be automated imo, guaranteed income for next 30-40 years. Don't think you can say the same about certain types of doctors for instance.
A friend who is an anesthesiologist said that he was retiring because the new machines were so good that no one wanted to pay for an anesthesiologist anymore. They were happy with a nurse. So you're right.