Partnering with hospitals for
Workforce Retention & Wellbeing Solutions For Health Practitioners
A pro-active approach to support the crisis of employee retention and wellbeing, that can save you from losing $3.9 -5.8 million per year!
introduction....
At The ProMind Experience™, we recognize that the health care industry faces unique challenges when it comes to retaining top talent and ensuring employee well-being.
Our solution is designed to specifically address these pain points with a comprehensive, gamified coaching platform that elevates both individual and organizational performance.
THE PROBLEM....
The average hospital is losing $3.9- 5.8 million per year due to RN turnover?
High employee turnover is a major cost to a hospital. It includes the cost of re-hiring, training, ramp-up periods, loss of expertise, and higher workloads for other staff while that position is vacant.
With the average cost of turnover for a bedside RN being $56,300, which is a 7.5% increase from the year prior, the average hospital is losing between $3.9m – $5.8m.
…And each percent change in RN turnover will cost/save the average hospital an additional $262,500/yr?”*
THE SOLUTION....
Invest 1% of your budget in employee recognition and support clinician growth.
Retention of health care staff must be top-of-mind for healthcare executives. Based on data from SHRM, the gold standard rule of thumb for an effective employee recognition budget is to set your total spend of at least 1% of payroll.
Some organizations who really value the potential impact of recognition might go as high as 2,3 or even 10%, to provide meaningful rewards and make a real impact on your culture.
THE PROBLEM....
In 2037, HRSA projects that 29 States will still have a nursing shortage.
With the current RN vacancy rate remaining elevated at 9.9% nationally, and the shortage projected to continue, Health Executives must think outside the traditional recognition/ service/reward box – and take a more pro-active approach.
Source: Department of Health & Human Services, Health Resources and Services Administration, Health Workforce Projections
THE SOLUTION....
Scale your investments to maximize retention of your internal health staff.
According to “a 2022 report, the total number of RNs in the workforce decreased by more than 100,000 in 2021 alone. While some Baby Boomer and Gen X nurses left the profession, the population most impacted were nurses 35 years and younger”.
To become an irresistible healthcare employer, consider investing in The ProMind Experience to drive productivity, retention, and other bottom-line metrics that matter to your leaders and frontline staff.
THE PROBLEM....
62% of nurses are reporting burnout.
According to the World Health Organization, burnout is caused by unmanaged, chronic workplace stress. It can occur in any job or sector and results in mental and physical exhaustion, emotionallydistancing from their job, cynicism about their work, and reduced efficacy in the workplace.
Burnout or compassion fatigue is a workplace condition — not a failure or a lack of compassi on or work ethic on the staff’s part. Our feedback from employees have overwhelmingly reported feelings of low morale, low engagement, and a desire for more consistent recognition.
THE SOLUTION....
Invest in a proactive coaching solution to target staff wellbeing & win the war for talent.
An experiential organization-wide coaching program like The ProMind Experience engages your staff and supports them at creating happier lives. These evidence-based strategies mitigate and prevent this mentally exhausting condition. Coaching has been successfully and widely applied across many industries to enhance well-being, but has only recently been considered for physicians.*
Introducing a revolutionary SOLUTiON
The ProMind Experience™
The ProMind Experience™ is a gamified 6-module, mission-focused, program gets health professionals off the stressed-out treadmill, in 7 weeks or less, to live healthy and balanced lives and move forward to become mindful clinicians.
Offered as a hospital-wide initiative like The ProMind Experience™ provides an robust solution that will kickstart your employee recognition program, and also arm staff with the right tools and strategies to avoid unnecessary workplace burnout. This way you can facilitate the development of a new wellbeing model on a systemic level.
There are many coaching vendors for workplaces.
Here's what makes The ProMind Experience essential:
PROACTIVE NOT REACTIVE
The truth is, most health practitioners do not access employee benefits, short-term webinars and stress management programs (Reference). The rise in nurse/physician burnout has serious consequences for both patient safety and quality of care.
ALIGNED WITH THEIR NEEDS
In our experiences of beta testing our coaching health professionals, we understand the unique time constraints they face in managing their self-care. Our 7-week interactive training program gives them what they need to inspire transformative change and sustainable growth in a step-by-step manner, so people do the program.
EARLY DETECTION
& ACCESS
According to a recent systematic review “physicians with burnout are twice as likely to be involved in patient safety incidents, to exhibit low professionalism and to receive low satisfaction ratings from patients”. By training a large # of practitioners at once, we reduce the barriers to accessing wellness services and treatment.
INNOVATIVE PEAK PERFORMANCE
Our systems approach teaches staff, in a step-by-step way, how to shift their mindset and emotional system away from troubling thoughts. Over time, they build a resilience founded in healthy habits, based on evidence-based techniques. This makes our program a force that fuels employee happiness, and motivation, in a step-by-step way.
COMMUNITY DEVELOPMENT
In addition our highly interactive platform and the prize-giveaways, a multi-disciplinary team engages with staff in our Mindful Clinician Community Platform. This creates a safe and nurturing community space promoting positive psychology across the organization. Team Satori is using a full suite of strategies designed to inspire genuine transformation and sustainable change.
STOP INSTITUTION WASTE
Did you know that “the average cost of turnover for a bedside RN is $56,300, a 7.5% increase from the year prior, resulting in the average hospital losing between $3.9m – $5.8m. Each percent change in RN turnover will cost/save the average hospital an additional $262,500/yr?”
2024 NSI National Health CareRetention & RN Staffing Report
"this program changed my mindset"
I’d been to a life coach in the past to help me manage my personal issues, but I felt like I needed a different process. Pro-Mind offered me everything I needed and more. The group coaching offered me so much insight, and I learned from others that I wasn’t the only one struggling with the same issues. Thank you Lynn for your guidance and faith in us”
Alli
HERE'S THE thing...
“48% of the working population is actively job searching or watching for opportunities”*
*Gallup’s State of the Global Workplace: 2021 Report
Besides burnout and compassion fatigue, one common reason that employees leave their jobs is due to lack of recognition. Millennials want immediate rewards for recognition and instant personal fulfillment.
Companies that prioritize people and culture are winning the game of retention and the war for talent, and stop over-spending on agency nurses.
What will you do differently in 2025 to prioritize your people and build a healthy hospital culture, to win the war on talent?