Workforce Challenges: The #1 Concern for Health Systems for Second Year In a Row - UrbanBound

In a press release published by the American College of Healthcare Executives, the #1 problem keeping hospital CEO's up at night is workforce challenges. This is the second year in a row that these problems have been found as the top concern.

It's no surprise, considering the staffing scarcity, team burnout, retirements, and caregivers leaving the healthcare industry all together as a result of COVID-19. This is on top of the physician shortage which already existed prior to the pandemic.

Health systems are also having to deal with the reality that top talent is not necessarily in their backyard, and often requires candidates to relocate. What they don't realize is that the issues caused by the pandemic and the recent macroeconomic conditions are also deeply affecting the consumer relocation market.

"Corporate moves are the top priority, consumer moves are the bottom of the barrel for most relocation vendors," says Jeff Ellman, Co-Founder of UrbanBound. "When a health system provides only a lump sum disbursement they are fundamentally setting their staff up for failure. Relocating is a second full-time job and the stress of moving creates frustration leading to critical staff showing up to work distracted and unproductive."

It's common practice for the majority of Health Systems to simply provide stipends for moves, but in a world where numerous organizations are pursuing the same candidates, treating relocation as compensation and not as a benefit can make it difficult to win over the hearts and minds of top talent.

UrbanBound^? was created to provide relocation management services using a technology-first approach. The UrbanBound Platform provides relocating staff with end-to-end guidance to ease the stress of moving. UrbanBound offers access to Relocation Consultants, helpful content and guides, information on city demographics, organizational and facility highlights, discount programs, a vetted supply chain network and much more.

In addition to driving satisfaction among staff, each of the health systems currently utilizing UrbanBound's Managed Budget solution have seen cost savings with an average 2-3X ROI and 94% have come in under budget.

"The combination of providing a stellar relocation experience, coupled with the potential program savings, means that health systems can offer additional benefits to their prospective candidates while saving money on their relocation program," said Ellman.

About UrbanBound:

As a leading provider of relocation management software and the #1 rated relocation management company on the internet, UrbanBound empowers companies with the technology to administer, track, and optimize relocation benefits, all while improving employee experience. With its comprehensive and intuitive platform, organizations can seamlessly forecast and contain relocation costs, build smarter policies, and distribute better benefits, while connecting the right people at the right time. A successful relocation begins and ends with UrbanBound.