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KeyCorp Gives $250,000 To The MetroHealth System Nursing Careers Pathway Program

Submitted by: KeyBank

Categories: Philanthropy & Corporate Contributions

Posted: May 11, 2004 – 12:00 AM EST

 

Grant Advances Efforts to Stay Ahead of National Nursing Shortage

May 11 /CSRwire/ - CLEVELAND - KeyCorp (NYSE: KEY) today issued a $250,000 multiyear grant to The MetroHealth Foundation, supporting MetroHealth's Nursing Careers Pathway Program (NCPP), a new workforce development model that will have a significant impact on the availability of nurses.

Approximately 126,000 nursing positions are currently unfilled in hospitals across the country according to the American Hospital Association. The American Medical Association estimates that number will climb to 400,000 by 2020.

The need to address this growing national challenge and prepare for future nursing needs of the local community, in addition to a desire in maintaining one of the lowest nursing vacancy and turnover rates in the nation, prompted MetroHealth to develop the NCPP. The program will allow MetroHealth personnel the opportunity to pursue or advance a career in nursing through six educational pathways offered through a collaboration with several local colleges and universities.

Nursing Career Pathways

  1. Licensed Practical Nursing Education (LPN Education)
  2. Licensed Practical Nursing to Registered Nurse Education (LPN to RN)
  3. Associate Degree of Nursing (ADN)
  4. Accelerated Pre-licensure Nursing Education (Acc. RN)
  5. The Registered Nurse to Bachelor of Science in Nursing Degree (RN to BSN)
  6. Baccalaureate to Master's Degree in Nursing Education (BSN to MSN)
In contributing to the design and focus of the program, KeyCorp is funding educational costs for participants in the first three pathways, given the company's interest in nurturing career opportunities that generate workforce diversity and help people and communities achieve economic self-sufficiency.

One of the many unique aspects of the NCPP is its emphasis on providing an opportunity for non-nursing MetroHealth employees to pursue new careers in nursing. Currently interested non-medical employees will, on average, experience a 41 percent increase in compensation as RNs.

"This program offers the potential of positive results all the way around - for the employee, MetroHealth, and the Greater Cleveland health care community," says Jane Fusilero, MetroHealth vice president of Nursing. "This unique opportunity, made possible through KeyCorp's grant, provides tuition coverage for education and training within a supportive work environment. In the process, participants will maintain their current professional roles while enhancing their overall value to MetroHealth and the community at large."

MetroHealth and KeyCorp envision the Nursing Careers Pathway Program serving as model for educational and career assistance programs across the country. Forging the level of commitment MetroHealth has toward building an even stronger more diverse organization takes something special according to Margot J. Copeland, executive vice president and chair of the Key Foundation.

"You need only experience The MetroHealth System once to fully understand and appreciate how such an extraordinarily impassioned workforce can find within itself the drive to contribute more," says Copeland, who also serves as director of corporate diversity at KeyCorp. "It's a testament to the deeply caring, family-oriented culture and excellence MetroHealth is known for throughout our region. In settings like this, there's all the potential in world for embedding replicable programs, foreseeably, through signature grants from Key supporting economic self-sufficiency in KeyBank communities nationwide."

The MetroHealth System
The MetroHealth System is one of the nation's largest and most successful public health care providers, offering health care for the most critically injured trauma victim to skilled nursing care for the chronically ill. Affiliated with Case Western Reserve University since 1914, MetroHealth continues its longstanding teaching reputation and research excellence, offering vital training and research opportunities for students and physicians. MetroHealth conducts cutting edge research in biomedical sciences, particularly in the areas of cancer, heart, liver and kidney research.

KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $84 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through KeyCenters and offices; a network of nearly 2,200 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com,® that provides account access and financial products 24 hours a day. Contact Key Foundation Senior Program Officer Quentin McCorvey at 216.689.5505, or quentin_mccorvey@keybank.com, for more information about corporate grants.

Note to Editors: For up-to-date company information, media contacts and facts and figures about Key lines of business, visit our Media Newsroom at Key.com/newsroom.

For more information, please contact:

Phone: 216.828.8114
Nancy Maurer The MetroHealth System
Phone: 216-778-7048

 

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