Reasons cited for pursuing travel nursing opportunities include higher pay in some cases, professional growth and development, and personal adventure.
The term "travel nursing" arose in 1978 during Mardi Gras week in New Orleans, Louisiana.
This week of celebration and festivities resulted in many injuries, which unexpectedly overwhelmed local hospitals.
The agency calculates and subtracts costs, overhead and profit margin from the bill rate and pays the difference to the traveler.
Variables that affect pay include the location of the assignment (vacation destinations tend to be more competitive and therefore able to find willing applicants for less), demand for the position, local cost of living and the type of nursing specialty being sought.
Housing may include a washer and dryer, dishwasher, microwave and basic housewares such as pots, dishes, utensils and linens.
Stipend amounts can be substantial (even higher than actual wages) and these may be provided tax-free if the traveler has a qualifying tax home as determined by the IRS Publication 463 or with the assistance of qualified tax preparers experienced in working with travelers.
Some companies are even starting to add vacation and sick days, stock investment options and continuing education reimbursements.
Many hospitals saw a significant portion of their permanent staff resign due to fears of working in an environment with an unknown virus and the risks to personal health.
During the COVID pandemic, for example, travel nurses became irreplaceable as a temporary solution measure against a virus that was ravaging healthcare providers almost as often as it was affecting patients.
[3] In response, hospitals and healthcare providers began offering significantly higher pay and incentives to attract nurses willing to travel and work in high-need areas.
These agencies have recruiters who are matched up with a nurse seeking a temporary position usually outside of their home state.