Description:
Exhibit 1 provides an overview of the major components of the nursing supply model. The diagram illustrates that the model starts with the number of licensed RNs at the beginning of the year. Increases to the number of licensed RNs include graduates from U.S. nursing schools and graduates from foreign nursing schools. Decreases to the number of licensed RNs include nurses who retire, leave due to death or disability, or change careers. Throughout the year some RNs increase their highest level of education and migrate across states. Nurses also age by one year. The end of year number of licensed RNs becomes the starting point for the next years' projection.