SkillGigs latest healthcare payment trend series delves into the average payment trends for different specialties from January to October 2023. By offering valuable insights into the ever-evolving landscape of healthcare payment rates, we aim to help you make the right decision.
As the healthcare industry continues to undergo transformative changes, understanding payment trends is crucial for healthcare providers, insurers, and patients alike.
ER RN
ER RN rates demonstrated fluctuations, starting at $75.46 in January, reaching a low in February at $53.69, and then gradually increasing to $60.54 in October.
The overall change over the period was -$14.92, suggesting a notable decrease.
ICU RN
ICU RN rates showed variability, starting at $87.42 and fluctuating throughout the months.
The overall change over the period was -$20.85, reflecting a considerable decrease.
L&D
L&D rates exhibited fluctuations, with a peak in Jan at $88.11 and then a gradual decline to $70.71 in October.
The overall change over the period was -$17.40, indicating a noticeable decrease.
Med Surg
Med Surg rates demonstrated fluctuations, reaching a peak in Jan at $68.83 and then declining to $59.32 in October.
The overall change over the period was -$6.56, reflecting a moderate decrease.
OR RN
OR RN rates showed variations, starting at $82.09 and fluctuating throughout the months.
The overall change over the period was -$9.88, suggesting a significant decrease.
PCU
PCU rates experienced fluctuations, reaching a peak in Jan at $73.60 and then declining to $61.03 in October.
The overall change over the period was -$9.15, indicating a noticeable decrease.
Physical Therapist
Physical Therapist rates showed variations, starting at $55.17 and fluctuating throughout the months.
The overall change over the period was -$3.86, reflecting a moderate decrease.
Stepdown RN
Stepdown RN rates demonstrated fluctuations, reaching at $65.32 in May and then declining to $63.47 in October.
The overall change over the period was -$14.82, indicating a significant decrease.
TeleHealth
TeleHealth rates exhibited fluctuations, starting at $85.34, reaching a low in October at $62.42.
The overall change over the period was -$23.46, suggesting a significant decrease.
Conclusion
In summary, several specialties experienced significant decreases in average rates from January to October in this payment trend series. However, there were notable declines in ER RN, ICU RN, L&D, OR RN, PCU, Stepdown RN, and TeleHealth. The overall trend for most specialties was negative, reflecting a decrease in average rates over the specified period.
As the healthcare industry continues to undergo transformative changes, monitoring payment trends is crucial for making informed decisions.
These insights can empower healthcare organizations, facilities, and candidates to adapt and thrive in an ever-evolving healthcare landscape. By staying informed about payment trends, one can navigate the future of healthcare successfully.
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