Do you know how nursing turnover affects your facility's financial bottom line?
Do you need information to validate and increase support for your nurse retention initiatives?
QHR's Nursing Turnover Calculator Smart Tools helps you to quantify the cost of nursing turnover/shortages at your
facility. Either by expense category or for the total facility, you can evaluate the impact of lost revenue,
new hire/orientation/recruitment/turnover expenses, as well as adding together all costs to determine the overall hospital
financial impact of nursing turnover. The calculators are also great tools for basic modeling, or "what- if scenarios," to
help you develop or refine your nurse retention plans.
If you have questions about this Smart Tool or nursing turnover issues at your hospital, please call Pat Cooper, VP,
Patient Services, at (800) 233-1470, ext. 4775.
■ Smart Calculator for Total Lost Revenue
■ Smart Calculator Total New Hire Labor Expenses
■ Smart Calculator for Total Orientation Expenses
■ Smart Calculator for Total Recruitment Expenses
■ Smart Calculator for Total Turnover Expenses
Total Lost Revenue + Total New Hire Labor Expenses + Total Orientation Expenses + Total Recruitment Expenses + Total
Turnover Expenses = Bottom Line Financial Impact
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