The Great Resignation Takes a Hit at Healthcare’s C-suite

Even before the pandemic took center stage on a global level, the U.S. healthcare system struggled with staffing shortages. Couple the exhausting and seemingly impossible challenges of the pandemic with the Great Resignation and you have a crisis situation in the making. In fact, many smaller and remote healthcare facilities are already there.

Kevin Stevenson, host of the I Don’t Care podcast dedicated to exploring the challenges faced by healthcare executives and administrators spoke to the fact that the great resignation “has reached many executive levels in healthcare. There has been a number of CEO transitions over just the last few months, and I’ve heard from a number of recruiters that CEO turnover is really accelerating this year.”

According to the U.S. Bureau of Labor Statistics “healthcare is among the top three industries cited in a 3% rise in the monthly ‘quits rate’” in November of 2021 with over 52K employees leaving the field (Healthcare Finance). This trend is not likely to end anytime soon. And when it comes to leadership roles in the C-suite, turnover can wreak havoc on operations while negatively impacting patient outcomes (Michael Kelly Associates).

Stevenson spoke about the many reasons for health care professionals (HCPs) leaving the industry including retirement, delayed retirements, and others simply finding opportunities in other industries that better meet their needs. “The issues that we have finding staff across the industry are not just with nurses or frontline employees, it is reaching all the way into the c-suite as well. That’s something that’s going to be occurring over the next, sounds like the next year or so,” states Stevenson.

According to surveys by the AHA, vacancies for nursing personnel rose by 30% and 31% for respiratory therapists between 2019 and 2020 (American Hospital Association). Other statistics include the shocking revelation that data analysis indicates there will be a 3.2 million shortage in HCPs by 2026.

The issue is jeopardizing the ability of health care systems to provide the care needed by the people they serve. Keeping abreast of the situation and building solid relationships with recruiters are the first steps in preparing to fill critical roles when needed.

Follow us on social media for the latest updates in B2B!

Latest

Are EVs a Threat to the Grid?
November 30, 2022

The buzz around going green and electric vehicles is rampant. Some states, like California, have already set lofty goals to eliminate new gas-car sales. Other states are following, but public opinion range from optimistic to frustrated. Recently a poll in Seattle showed that most oppose the gas-car ban, and demand for EVs is high.  […]

Read More
Aurora Hires the “Dream Team” of Education
November 30, 2022

At some point, you have likely tried to “do it yourself” without an expert, whether building furniture from instructions, installing equipment in your house, or fixing your car. But wouldn’t it have been nice to speak to an expert ahead of time so they could guide you through the processes and use of the tools […]

Read More
Jennifer Granholm Community-Based Clean Energy
Federal Funding for Community-Based Clean Energy Saves the Day for Municipalities
November 29, 2022

Community-based clean energy projects across the U.S. are getting a windfall of cash from the Biden administration. Using funds from the Energy Efficiency and Conservation Block Program, Secretary of Energy Jennifer Granholm announced the federal government is allocating $550 million to help municipalities deploy community-based clean energy initiatives, from infrastructure projects that cut down […]

Read More