The following calculator determines the true cost to a facility for a travel nurse. Simply enter the hourly bill rate for the traveler, the total contract hours and the hourly payrate you would have paid to the nurse if he/she was on your staff. The details of the calculation will be displayed below.

Many times you will find that the cost of a travel nurse exceeds the cost of a permanent placement in just one or two assignments. Unfortunately, the payments for travel nurses are lost once each assignment is completed. However, with a permanent placement the fees paid keep returning benefits back to the facility day after day.

Please note the calculations above are for estimation purposes only. Each facility may be subject to different taxes and rates. The calculation assumes the following: payroll taxes are 7.65%, workers' compensation and unemployment are a combined 5%, and benefits are 15%.