Live Oak Bank’s $300,000 Grant Yields 78% Nurse Retention and 1,000 Visits
Live Oak Bank’s $300,000 2024 grant to Lower Cape Fear LifeCare Scholars has trained nine new hospice nurses with a 78% retention rate, enabling over 1,000 annual patient visits per nurse in southeastern North Carolina. The program strengthens the bank’s reputation and supports workforce development in the healthcare sector.
1. Grant Overview and Program Purpose
In 2024 Live Oak Bank awarded a $300,000 grant to the Lower Cape Fear LifeCare Scholars program to recruit, train and retain registered nurses in hospice and palliative care across southeastern North Carolina. The six-month residency combines classroom instruction, mentorship and clinical rotations at no cost to participants, strengthening the local healthcare workforce.
2. Measurable Outcomes
Since the grant launch the program has graduated nine nurses, achieved a 78% retention rate at Lower Cape Fear LifeCare and enabled each nurse to conduct over 1,000 patient visits annually. These metrics reflect improved access to specialized care and a growing pipeline of skilled hospice professionals.
3. Strategic Impact for Live Oak Bank
Supporting LifeCare Scholars aligns with Live Oak Bank’s broader workforce development strategy, enhancing its reputation for community investment. The initiative underscores the bank’s commitment to building talent pipelines and bolstering essential regional services, potentially reinforcing stakeholder confidence in its philanthropic approach.