Tenet Healthcare Corporation (NYSE: THC) today announced that it will offer the Versant(TM) RN Residency in the fall of 2008 at 10 hospitals. Tenet is expanding the residency offered by Versant Advantage, Inc. as part of its strategy to increase nurse retention and improve the acclimation of its new registered nurse (RN) graduates. Approximately 120 newly-graduated nurses will participate in the rigorous 18-week residency curriculum.
“The RN residency provides a transition from student nurse to professional nurse by giving them the skills they need to increase their competency and confidence,” said Garry Olney, vice president, Patient Care Services at Tenet.
Since the pilot began in the spring of 2007, Tenet has offered 11 residency classes at four hospitals, graduating 68 RNs with 29 additional nurses scheduled to graduate this summer. The Versant RN Residency has helped Tenet reduce its new graduate RN attrition rate by an average of 50 percent.
“Tenet is committed to taking proactive steps to maintain a high-performing nursing workforce at our hospitals,” said Stephen L. Newman, MD, chief operating officer at Tenet. “Our goal is to provide these new graduates with the tools they need to develop as professional nurses who can immediately be integrated into our patient care areas.”
The 10 Tenet hospitals to offer the Versant RN Residency this fall are:
— Delray Medical Center, Delray Beach, Fla.
— Des Peres Hospital, St. Louis, Mo.
— Doctors Hospital of Manteca, Manteca, Calif.
— Fountain Valley Regional Hospital and Medical Center, Fountain Valley, Calif.
— Nacogdoches Medical Center, Nacogdoches, Texas
— Palm Beach Gardens Medical Center, Palm Beach Gardens, Fla.
— Saint Francis Hospital, Memphis, Tenn.
— San Ramon Regional Medical Center, San Ramon, Calif.
— South Fulton Medical Center, East Point, Ga.
— USC University Hospital, Los Angeles, Calif.
“We look forward to continuing our collaboration with Tenet Healthcare Corporation,” said Charles Krozek, RN, MN, president and managing director of Versant Advantage, Inc. “As one of the nation’s largest and most trusted providers of health care services, Tenet, with the assistance of the Versant RN Residency, will have a positive impact on the quality of nursing care.”
About Tenet Healthcare Corporation
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and
related ancillary health care businesses, which include ambulatory surgery centers and diagnostic
imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at www.tenethealth.com.
About Versant(TM) Advantage, Inc.
Through the development of a research-driven RN residency program of Childrens Hospital of Los Angeles, Versant was founded in response to the severe national shortage of experienced nurses. Designed by nurses for nurses, Versant is a leading provider of integrated, evidence-based programs that assist hospitals with achieving nursing excellence and stabilizing their RN workforce, thereby contributing to the organization’s strategic objectives and financial goals. Versant leverages technology in measuring and tracking professional growth accurately and efficiently through Voyager(TM), a web-portal that provides residency participants and staff with access to tools and data. More than 4,000 newly graduated registered nursing students from over 50 hospitals nationwide have completed the Versant RN Residency. Versant’s clients include Advocate Illinois Medical Center, Seton Health System, Carondelet Health Network, Baptist Health of South Florida, Lucile Packard Children’s Hospital and Northridge Hospital Medical Center. For more information on the Versant RN Residency, please visit: www.versant.org.
Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2007, our quarterly reports on Form 10-Q and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.
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