Moody’s Investors Service issued a negative 2015 outlook for not-for-profit (NFP) healthcare organizations. Moody’s predicts that hospital revenue will remain weak and operating expenses will increase. In 2014 Modern Healthcare reported that revenues were up for NFP facilities, but that those gains were offset by operating costs associated with the increased number of sicker patients. In essence, hospitals are handling more with less.
Bad news for healthcare facilities translates into bad news for the registered nurses working RN jobs in hospitals. RNs will continue to be expected to do more with less. The National Nurses’ Stress Survey revealed dangerous levels of stress in RNs due to unrealistic workloads and short-staffing. I first brought these dangerous stress levels and the fact that nurses are expected to do their job plus the jobs that were previously done by other, less skilled healthcare workers to national attention in an appearance on Varney & Co. in July of 2014.
Six months later it looks like the outlook for RNs in 2015 will be the same – more stress, more work and more pressure to cut costs without more compensation.
Stress among RNs can lead to errors. Medical malpractice is at such dangerous levels that medical mistakes are the third leading cause of death in the U.S. Moody’s report is not just bad news for NFP healthcare facilities and registered nurses, it’s also bad news for patients.
I’m Just Sayin’
P.S. Comment and share your opinion on the RN jobs outlook for 2015.
This sounds like an alarming financial trend. According to this report link, I have found if a state expands Medicaid eligibility it can improve a hospital’s financial outlook. For 2015, the future of a nursing career in hospital work looks dismal. The only good thing is the personal touch a nurse has on each patient they administer care for. Call it personal growth in a tough world.
I fear many will leave and not stick it out.
I was speaking to a neurologist today and she told me that hospitals (NPH) are buying the medical practices up and if your practice is not owned by a hospital, they take your hospital privileges away to care for your patient when hospitalized.
The hospitals are hiring their on-duty neurologist, hospitalist, PA, and NP. So if you are hospitalized your provider can not take care of you in the hospital. The hospital is deciding who will care for you. And that is someone you do not know.