{"id":1146432,"date":"2021-12-23T13:04:23","date_gmt":"2021-12-23T18:04:23","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1146432"},"modified":"2021-12-23T13:04:25","modified_gmt":"2021-12-23T18:04:25","slug":"report-some-hospitals-face-financial-ruin-due-to-staffing-shortages","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-some-hospitals-face-financial-ruin-due-to-staffing-shortages\/","title":{"rendered":"Report: Some Hospitals Face &#039;Financial Ruin&#039; Due to Staffing Shortages"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Freport-some-hospitals-face-financial-ruin-due-to-staffing-shortages%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1146432&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/Hospital-Staff-Shortages-640x335-1.png\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p class=\"subheading\">Hospitals across the country are facing \u201cfinancial ruin\u201d due to ongoing nursing shortages, <em>Bloomberg<\/em> <a href=\"https:\/\/www.msn.com\/en-us\/money\/other\/us-hospitals-pushed-to-financial-ruin-as-nurses-quit-en-masse\/ar-AAS1JqW\">reported<\/a> on Tuesday.<\/p>\n<p>According to the report:<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<blockquote>\n<p>The U.S. health-care profession is suffering its own Great Resignation, pushing more hospitals into financial distress just as a winter surge of the coronavirus hits. Across the country, hospitals are buckling under the strain of nursing shortfalls and the spiraling cost of hiring replacements.<\/p>\n<\/blockquote>\n<p><span>A person familiar with the matter told the publication that Watsonville Community Hospital in California is going through bankruptcy because \u201cthose costs became too much to bear.\u201d According to the report, shortages are worst at hospitals like Watsonville because they count on government funding to treat less financially stable patients and have fewer resources to keep up with the rising cost of keeping staff.&nbsp;<\/span><\/p>\n<p><span>\u201cThis is like survival stakes,\u201d Steven Shill, head of the health-care practice at advisory firm BDO USA told Bloomberg. Shill added that&nbsp; \u201cwhoever\u2019s highest on the food chain and who has the biggest checkbook\u201d&nbsp; are the companies that come first and that staffing companies are \u201creally, really, really gouging hospitals.\u201d<\/span><\/p>\n<p>Maureen May, who has worked for 30 years in a pediatric ICU, said it is the \u201cworst nursing shortage that [she has] witnessed in [her] career.\u201d According to the report:<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<blockquote>\n<p><span>The pain spreads beyond nurses. A report by human-resources firm Mercer this year estimated a shortfall of 3.2 million lower-wage workers, such as nursing assistants and home health aides, by 2026. Employers will also need to hire more than 1.1 million registered nurses in that period, Mercer said. Walsh said his hospital is also struggling to fill lab, respiratory therapist and administrative positions.&nbsp;<\/span><\/p>\n<\/blockquote>\n<p>According to the consulting firm Kaufman Hall, hospital labor costs have risen 12.6 percent.<\/p>\n<p>Another company going bankrupt is Gulf Coast Health Care, a nursing home chain. The company is \u201cpleading for permission to pay $4 million to staffing agencies and other wages before compensating landlords and other creditors with a higher priority payment.\u201d The Gulf Coast Health Care was reportedly relying on staffing from outside agencies to deal with shortages, the company\u2019s lawyer David Hurst said.<\/p>\n<p>Scott Palmer, the spokesman for Oregon Nurses Association, said nursing shortages are the outcome of years of \u201cunderinvestment\u201d in pay and training and have been made worse by the coronavirus pandemic.<\/p>\n<p><span>\u201cWhen we talk to our nurses, they are screaming about safe staffing,\u201d Palmer said.&nbsp;<\/span><\/p>\n<p><span>Chief executive officer of digital health-care staffing company Vivian Health&nbsp;<\/span><span>Parth Bhakta told Bloomberg that facilities are also having a hard time retaining nurses because temporary rates for traveling nurse positions are higher. Vivian Health\u2019s website reportedly shows traveling nurse positions that pay $13,000 a week \u2014 much higher than an ICU job paying $30 an hour.&nbsp;<\/span><\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p><span>\u201cPermanent jobs aren\u2019t compelling enough for people to stay,\u201d Bhakta said.&nbsp;<\/span><\/p>\n<p><span>Bhakta said he thinks the overall strain will mean federal pandemic aid to hospitals will have to be extended.&nbsp;&nbsp;<\/span><\/p>\n<p><span>\u201cWith aid ending, it\u2019s going to be difficult to survive, and ultimately, the government is going to have to continue to step in,\u201d he said.&nbsp;<\/span><\/p>\n<p><span>The report cited a <a href=\"https:\/\/www.aacn.org\/newsroom\/hear-us-out-campaign-reports-nurses-covid-19-reality\">survey<\/a> from the American Association fo Critical-Care Nurses, which found that two-thirds of nurses polled have considered leaving the medical field because of the pandemic. Twenty-one percent&nbsp; of those polled in a <a href=\"https:\/\/www.nursingworld.org\/practice-policy\/work-environment\/health-safety\/disaster-preparedness\/coronavirus\/what-you-need-to-know\/pulse-on-the-nations-nurses-covid-19-survey-series-mental-health-and-wellness-survey-3-september-2021\/\">study<\/a> for the American Nurses Foundation said they plan on leaving their jobs in six months, and another 29 percent are considering doing so.&nbsp;<\/span><\/p>\n<p>Shortages could be exacerbated by vaccine mandates for healthcare workers. Another <a href=\"https:\/\/www.breitbart.com\/politics\/2021\/11\/29\/report-some-hospitals-would-lose-up-to-30-of-staff-under-bidens-vaccine-mandate\/\">report<\/a> found that some hospitals, healthcare providers, and nursing homes stand to lose up to a third of their workers for not complying with President Joe Biden\u2019s coronavirus vaccine mandate by January 4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hospitals across the country are facing \u201cfinancial ruin\u201d due to ongoing nursing shortages, Bloomberg reported on Tuesday. According to the report:  The U.S. health-care profession is suffering its &#8230;<\/p>\n","protected":false},"author":12,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1146432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1146432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1146432"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1146432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1146432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1146432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1146432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}