Effectively managing staffing expenses is critical for healthcare facilities seeking financial sustainability, operational efficiency and exceptional patient care. At Staff Relief, our interactive healthcare staffing cost analysis tools help hospitals, clinics and medical practices accurately measure and control their direct and indirect staffing costs.
These tools empower clinical and administrative leaders to make smarter, data-driven decisions about nurse staffing, allied health contracts, per diem shifts and permanent placements ensuring the right balance between cost-efficiency and care quality.
Hourly Staffing Total Cost Calculator
Using the calculator will show the true hourly costs of a fulltime healthcare staffer. This data allows a detailed comparison of temporary staffing vs. full-time hires.
Input fulltime staff’s hourly rate and other variables to identify total costs, fully understand your hourly cost, and compare Staff Relief costs.
Cost Variable Inputs
Mandatory Taxes/Insurance
*Employee Administration Costs
Productivity
The analysis will show that there are many costs that are not obvious when comparing staffing bill rates to internal costs. When directly comparing costs of contract healthcare staff vs. full time, contractors are usually significantly less expensive. The below links provide supporting research from reputable third-party organizations that have performed similar analysis. Schedule a time with our management team for a full analysis that shows how our costs compare and the full savings opportunity.
*Source Information:
Healthcare Staff Turnover Cost
Managing registered nurse (RN) and allied clinician turnover is a significant challenge for healthcare facility leadership. High turnover rates disrupt continuity of care, burden remaining staff, and can negatively impact patient outcomes. National turnover rates range from average 20% for RNs allied health professionals and can be as high as 38% depending on role and region according to Beckers Hospital Review. The below chart show that the cost of replacing a single RN averages approximately $60,000. For allied health roles, costs vary but remain substantial. Beyond the financial strain, turnover also erodes institutional knowledge and weakens team cohesion—making it a critical issue for executives focused on workforce stability and cost containment.
Turnover Cost Calculator
Enter your total number of RN and Allied Staff and the tool will calculate the total financial implications of turnover—including recruitment, productivity losses, and training—and provide the potential cost reductions achievable through our staffing partnerships.
Typical Finding: Healthcare facilities commonly realize annual cost savings of 30% to 50% per position by effectively reducing turnover with our staffing solutions.
| Cost Component | Estimated Cost Range | Conservative Estimate | *Description |
|---|---|---|---|
| Administrative Costs | $3,000 –$8,000 | $3,000.00 | Exit interviews, HR processing, benefit payouts, unemployment claims |
| Recruiting & Hiring | $10,000 –$20,000 | $10,000.00 | Advertising, interviewing, screening, and recruiting costs |
| Training & Onboarding | $7,000 –$12,000 | $7,000.00 | Orientation, preceptorship, training materials |
| Productivity & Lost Patient Revenue | $10,000 –$17,000 | $10,000.00 | Reduced efficiency during vacancy period, onboarding, and lower throughput during vacancies |
| Overtime Costs | $10,000 - $20,000 | $10,000.00 | Additional pay to current staff covering vacant shifts. |
| Total Estimated Cost | $40,000 - $77,000 | $40,000.00 | The lowest end of the cost range is used for conservatives estimate, and shows that the total savings opportunity could be much greater |
Executive Summary
Staff Relief does not recommend replacing all or even most of your full-time healthcare employees with temporary contract staff. However, persistent skill shortages and high turnover rates, significantly impacting costs, revenue, and patient care.
Partnering with Staff Relief to strategically manage your contingent workforce can substantially reduce staffing costs, mitigate risks, and deliver a strong return on investment.
Staff Relief provides a distinct advantage through flexible and dependable staffing solutions tailored specifically to your facility’s unique requirements.