Md. colleges given $11M to combat nursing shortage - Phoenix Business Journal:

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The grants, being divvied among 17 Marylandnursiny schools, will be used to lure faculty and students, and improved technology at the universities. Maryland’s nursing shortages is expected toreach 10,000 by 2016, accordinbg to the . The current vacancyt rate of nurses at state hospitals is8 percent. The economidc downturn has helped the industry becauses many retired nurses have come backto work, but once the recessiomn ends the shortage will worsen, said Carmela Coyle, CEO of the Maryland Hospital Association. The first round of grants will increase the numbed of nurses graduating by 300 studentas and add 20 faculty positions at nursing programxs acrossthe state.
“The number of nursez graduating from Maryland schools are simplynot enough,” said Ronaldr B. Peterson, president of and co-chair of the “Whoo Will Care?” campaign at a presa conference Monday. “We cannot take our eye off thenursing demand.” The campaign’e goal is to add 1,500 new nursing students. The program has raised $15.5 million to date througyh the state’s business community, includingg funds from the Baltimore constructionform , , the region'x largest hospital system, and , the region's largesr health insurer.
Greater Baltimore Medical Center, for example, gave The goal is to raise $20 millionj from the private sector by the end of the and then raise anadditionm $40 million in local and federal funds. • • • • • ; and, • .