NYC Health + Hospitals said Aug. 21 it has saved more than $88 million in nurse turnover costs so far in 2025 after reducing its nurse turnover rate to well below the national average. The New York City-based system’s nursing workforce includes about 9,600 employees. Through several initiatives, the organization has reduced its nursing turnover rate from 46% in 2019 to 7.3% in 2025. The national average is 16.4%, according to the health system.
In 2024, the 11-hospital system replaced temporary nurses and hired 3,417 permanent nurses, saving more than $150 million in recruitment costs. “Key strategies to develop the health system’s nurse workforce include the nurse residency program, professional shared governance, nursing clinical ladder program, nursing recognition events, collaborati