ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Burned Out Healthcare Workers Prompt Nearly Half of Consumers to Switch Providers

New research reveals an engagement crisis among healthcare workers, eroding patient trust and hurting quality of care

New data released today from Achievers Workforce Institute (AWI) highlights the growing toll of burnout among healthcare workers and its direct impact on the patient experience. In a survey of 1,000 U.S. consumers, a staggering 84% say when a healthcare worker appears burnt out, apathetic, or disengaged, it negatively affects their overall experience. Additionally, nearly half (45%) have considered switching or switched providers due to a negative experience with disengaged staff.

This research, in advance of Nurse Appreciation Day (May 6) and National Nurses Week (May 6-12), comes off the heels of an AWI poll of 3,600 global employees across 13 industries which identified healthcare workers as the most underappreciated industry of all. The findings also highlight employee recognition not only as vital to supporting and retaining frontline healthcare staff, but also as key to fostering a culture of belonging that elevates the patient experience.

A message to healthcare employers from their patients

When healthcare workers go unrecognized, patients feel the impact. AWI research shows 62% of U.S. consumers perceive frontline staff as more burnt out, stressed, and unfriendly since 2020. In just the past few months, 23% have noticed a further decline in morale and behavior. Meanwhile, 40% say the appreciation shown during the pandemic has since eroded. For patients, the effect is personal: 84% of consumers believe burnout compromises care, with 39% feeling less valued, 38% experiencing added stress, and 22% dreading future visits.

Recognition: the antidote to apathy

Consumers also see a clear path forward for the healthcare industry to triage its engagement crisis. Eighty-nine percent of consumers see the value of financial and social recognition in healthcare. 44% believe it should come from both employers and the public, 42% say these workers deserve greater recognition than those in other industries due to the nature of their roles, and 38% think healthcare workers should get paid more. Yet recognition often falls short: 44% believe healthcare staff are expected to serve selflessly without recognition, and 39% say chronic labor shortages pushes recognition down the priority list. For organizations facing critical labor shortages, recognition presents a clear opportunity, as 44% of consumers say they’d consider a career in healthcare if they knew the organization prioritized appreciation and belonging.

Embracing the patient voice in recognition

Consumers also want to be part of the solution. Over half (59%) agreed they would love to have the option to publicly recognize their own, or a family member’s, healthcare provider through an online recognition feed where coworkers can also see and celebrate the recognition.

Harnessing patient excitement to celebrate their healthcare staff is critical. AWI’s research consistently finds that meaningful, monthly recognition can help workers better balance a heavy workload, decrease their desire to job hunt, and mitigate the impact of an understaffed team. However, healthcare organizations have their work cut out for them. Not only was healthcare the most overlooked industry of 2024, but these workers are also the least likely to recommend their organization as a great place to work.

“Our research continues to show that recognition in healthcare remains alarmingly low,” said David Bator, Managing Director of Achievers Workforce Institute. “There’s no reason healthcare workers should feel overlooked, nor that nearly half of patients would consider switching providers because of it. Instead, this data should be a wake-up call. Consistent, meaningful recognition is a clear path to retention, engagement, and better outcomes for both employees and patients. But there are plenty of successful stories of hope as well. We have a strong ecosystem of partners with mission-driven healthcare systems that are proving top-down recognition can drive measurable results.”

Specific stories of successful recognition programs within the healthcare industry can be found here.

To learn more about how Achievers’ recognition and rewards platform is empowering healthcare organizations to improve their employee’s experience, boost their engagement, and inherently improve patient care, schedule a demo.

About Achievers

Achievers partners with hundreds of organizations around the world to elevate their engagement and retention strategies through our employee recognition, voice, and connection solutions. Visit us at www.achievers.com.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  231.99
-2.43 (-1.04%)
AAPL  284.45
-1.74 (-0.61%)
AMD  216.81
+1.56 (0.73%)
BAC  54.15
+0.96 (1.80%)
GOOG  321.12
+5.10 (1.61%)
META  644.42
-2.68 (-0.41%)
MSFT  482.38
-7.62 (-1.56%)
NVDA  180.81
-0.66 (-0.36%)
ORCL  207.39
+6.29 (3.13%)
TSLA  445.73
+16.49 (3.84%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.