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Workforce

Hospitals and health systems across the U.S. are making efforts to quickly boost staffing to fill workforce gaps. But amid shortages, nurses are waiting months for licenses from states so they can begin treating patients, NPR reports.

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As healthcare providers grapple with major workforce shortages, many hospitals and health systems are spending big bucks to retain and recruit workers, whether it be through compensation or benefits.

New Jersey hospitals more than tripled their 2020 spending on agency and travel staff last year, estimating they spent $670 million, according to a recent survey from the New Jersey Hospital Association.

Lack of competition causes wage declines of roughly 20 percent for workers compared to what they'd otherwise earn in an environment with healthier competition among employers, according to a new report from the Treasury Department that signals federal focus on…

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