Muse black holes and revelations album zip12/11/2023 This has the effect then of making operations less efficient, which impacts productivity goals, and also negatively affects survey results, which are apparently very critical to hospital operations. One executive I know is outraged at the nurses who keep quitting, because they refuse to work for “the wage they deserve,” which in turn is causing their hospitals to spend a fortune on travel nurses, who not only cost more, but also need to be trained on systems and protocols. In my circle of friends, family, and professional acquaintances, there are quite a few Registered Nurses, several Doctors, and a handful of managers/executives in businesses that employ nurses. This is exactly what is happening! And the executives are clueless about how they are incentivizing this. ”Deciding not to give nurses a 6% raise so they all quit, then hiring them back as travel nurses at rates that are MUCH higher than the asked increase. Instead, his role is simply to reduce services and cut costs, because that is now the recipe for profit among our business elite.Ĭommenter Bruce Wayne then pointed out the predictable, yet destructive, result of that hypothetical health care executive’s cost cutting. Among them was this witty exchange regarding America’s nursing mess:Ĭommenter Mike Hammer succinctly summarized the management formula of the elite MBAs running health care companies, noting that the hypothetical executive earns his $20 million annual compensation without even needing to understand the industry. A discussion of executive pay ensued in the comments. In my post a few days ago about the UAW strike, I touched on the obscene pay of auto company executives, focusing on Ford CEO Jim Farley, whose $21 million compensation has nearly doubled in two years, despite Ford recording multi-billion dollar losses under Farley’s EV-focused mismanagement. No, today I’m going to focus again on awful executives, specifically those whose elite business school training has created a nurse staffing crisis in this country, putting in place all the worst incentives, and creating high turnover that is detrimental to patient care. The most valuable education they brought to their role was expertise in both their industry and within that specific company, and these exemplary executives typically leave their companies stronger when they retire. A great many of them built those enterprises or rose through the ranks of the companies they now lead, which provided them motivation to proudly lead the only company they’d ever want to helm. ![]() There are many thousands of executives in corporate America doing great work, inspiring loyalty among their employees, showing reciprocal loyalty to those employees, and growing their companies through inspired leadership. I’ve spent a lot of time recently bashing corporate executives, so I am going to start off with a disclaimer… ![]() THE MORNING RANT: Healthcare Executives, Traveling Nurses, and RNs who won’t work for “the wage they deserve” -Buck Throckmorton
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