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How Nurses are Thriving in a Bad Economy

With Congress and debt deals being posted on every newspaper headline and news site, it’s imperative to plan for the future. How are those in an Vocational Nursing school thriving in this economy?

On HighlandsToday.com, writer Pallavi Agarwal explores the future of the health care industry, specifically those who are Vocational Nursing and RNs and how hospitals are responding to government reimbursement cuts.

“’There has definitely been an economic impact,’ said Mary Lou Brunell, executive director of the Florida Center for Nursing in Orlando… The center projects a tight labor market for RNs and LPNs for a few years as the economy recovers slowly… As state and federal governments look to trim their budgets, reimbursement rates for Medicare and Medicaid are taking a hit, Brunell said…Employers who depend on those funds may find themselves having to do more with less.”

Agarwal also explains the interesting situation nurses are in during this economic crisis. “Health care professionals are being forced to work more hours to supplement their family income because their spouses may have lost jobs, be forced to come out of retirement or delay their retirement,” Brunell said.

However, on the American Association of Colleges of Nursing (AACN) website, some great statistics were posted including that: “In June 2011, Wanted Analytics reported that employers and staffing agencies posted more than 121,000 new job ads for Registered Nurses in May, up 46% from May 2010. About 10% of that growth, or 12,700, were ads placed for positions at general and surgical hospitals, where annual turnover rates for RNs average 14% according to a recent KPMG survey.” It was also noted that “Hospitals, long-term care facilities, and other ambulatory care settings added 37,000 new jobs in March 2011, the biggest monthly increase recorded by any employment sector.”

Although budgets are being trimmed, the senior population is growing and the demand for nurses is still high. The AACN states that “According to a May 2001 report, Who Will Care for Each of Us?: America’s Coming Health Care Crisis, released by the Nursing Institute at the University of Illinois College of Nursing, the ratio of potential caregivers to the people most likely to need care, the elderly population, will decrease by 40% between 2010 and 2030. Demographic changes may limit access to health care unless the number of nurses and other caregivers grows in proportion to the rising elderly population.”

It is obvious that nurses will be in demand for a long time to come, regardless of financial situations. Those in a vocational nursing college are sure to find jobs, the key is to be persistent and patient.

To read the complete articles mentioned in this post, please visit
http://www.aacn.nche.edu/media/factsheets/nursingshortage.htm

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