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Establishing philanthropic funds for advanced practice scholarships
1Center for Innovation, St. Luke's Episcopal Hospital, Houston, Texas, USA.
Recruitment, Retention & Restructuring Report
|May 1, 1997
Summary
Decreased tuition assistance may cause nurses to leave. Hospital-based scholarships can help retain experienced nurses in advanced practice roles.
Area of Science:
- Nursing Education
- Healthcare Administration
- Philanthropy
Background:
- Reduced hospital tuition assistance poses a retention challenge for experienced nurses seeking advanced roles.
- Nurses may opt to leave their positions instead of pursuing professional development opportunities due to financial barriers.
Purpose of the Study:
- To describe a successful hospital-based philanthropic scholarship program designed to support nurses in advanced practice.
- To provide guidance on establishing similar scholarship initiatives for nurse retention.
Main Methods:
- A case study approach detailing the establishment and operation of a community group-funded nursing scholarship.
- Qualitative insights into the program's impact on nurse retention and role expansion.
Main Results:
- The scholarship program successfully provided financial aid, enabling nurses to pursue advanced practice education.
- The initiative demonstrated a positive effect on retaining experienced nurses within the hospital system.
Conclusions:
- Hospital-based philanthropic scholarships are an effective strategy for retaining experienced nurses in advanced roles.
- Implementing similar scholarship programs can address tuition assistance gaps and foster professional growth, benefiting both nurses and healthcare institutions.