This episode features Molly Gamble, Vice President of Editorial at Becker’s Healthcare. Here, she discusses a judge denying challenge to measure that would cap LA hospital executive pay, Froedtert & ThedaCare announcing a merger in Wisconsin, and some numbers from the 2023 NSI National Health Care Retention & RN Staffing Report.
Summary
Molly Gamble Discusses Hospital Executive Pay, Wisconsin Merger, and Nurse Retention
Introduction
Molly Gamble, the Vice President of Editorial at Becker’s Healthcare, recently discussed various healthcare topics. The focus of the conversation was on the challenge to a measure that would cap hospital executive pay, a merger between Froedtert Health and ThedaCare, and nurse retention and recruitment.
Challenging Executive Pay Measure
Gamble is closely monitoring a ballot measure in Los Angeles that would limit hospital executive pay to that of the US President, which is $450,000. The California Hospital Association challenged this measure but ultimately lost. It will now go through the ballot measure process to determine if it will become law.
Merger in Wisconsin
Another topic of discussion was the potential merger between Froedtert Health and ThedaCare in Wisconsin. If the merger becomes official, Kathy Jacobson will initially serve as CEO. After six months, Dr. Emron DBI will take over the role.
Nurse Retention and Recruitment
The 2023 NSI National Health Care Retention & RN Staffing Report revealed that the average turnover rate for RNs last year was 22.5%. Additionally, the average cost of turnover for one staff RN has risen to around $52,000. Gamble and Scott both expressed concern over the high costs of retaining and recruiting nurses and discussed potential solutions.
Conclusion
Molly Gamble's insights on healthcare topics provide valuable knowledge to both industry professionals and general audiences. From challenges to executive pay measures to potential mergers and nurse retention, these discussions highlight the complexity of issues facing the healthcare industry today.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 04/17/2023 and can be listened here.
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