It’s estimated that hospitals in the United States spend over $425 million each year as a result of workplace violence (staff turnover accounting for over $230 million, medical care and indemnity accounting for over $45 million, disability and absenteeism accounting for over $90 million). This loss of faith in a hospital’s ability to protect its workers will have a far-reaching impact on the institution’s revenue-generating capabilities. While morale and worker satisfaction can take a huge hit. Just a few incidents can increase insurance premiums for good. Particularly in healthcare, the cost of workplace violence to the institution itself can be astronomical. It’s suspected that nearly 25% of all workplace violence incidents go completely unreported.
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Unfortunately, this trend of underreporting comes primarily from the healthcare industry and the expectations that go along with obtaining a job as a nurse or caretaker. This appalling statistic is made even worse by the fact that many workplace violence incidents that occur don’t even get reported. About 1 in 4 workplace violence incidents occur outside of the healthcare industry! That means about 75% of all workplace violence incidents are directed toward healthcare workers. The industry most affected by workplace violence is healthcare… and it’s not even close. This not-so-secret problem has been the cause of many deaths, serious injuries and time away from work… all of which costs organizations millions of dollars in revenue each year.
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Workplace violence has been a major concern for healthcare institutions and businesses for decades. The unfortunate trend of workplace violence