Amid nurse shortage, hospitals focus on retention

Wilfredo Lee/AP

More hospitals are investing in longer, more thorough residencies. These can cost roughly $5,000 per resident. But the cost of recruiting and training a replacement for a nurse who washed out is about $50,000, personnel experts estimate. Milian, center, who is in a nursing residency program, examines patient Carmen Perez, left, as more experienced nurse Marvin Rosete.