Frederick Henry Prince Memorial Fund Champions RIC Talent, Supports Patient Care
CHICAGO - The Rehabilitation Institute of Chicago (RIC), the nation's #1 rehabilitation hospital since 1991, has been awarded a grant in excess of $4 million from the Frederick Henry Prince Memorial Fund to support internal programs that empower employees and advance RIC's innovative, world-class patient care. The Frederick Henry Prince IV Family Hospital Morale Program is a generous endowment that will fuel efforts to recognize, honor and develop the strengths and talents of RIC's dedicated staff.
"RIC is honored to receive this generous gift from the Prince family, which will allow us to invest in the development of our most valuable assets - our physicians, nurses, therapists, researchers and staff that innovate and pioneer new ways to improve recovery and advance patient ability, every day," said Joanne C. Smith, president & CEO of RIC.
As the day-to-day champions of RIC's vision of Advancing Human AbilityTM, RIC's committed professionals remain the driving force behind the organization's industry leading patient treatments and research. Through its strategic focus on fostering employee talent and leadership, RIC has long cultivated an environment of excellence that translates directly into patients' outcomes of regained ability after a traumatic injury such as a brain or spinal cord injury or stroke. The Prince gift builds on this tradition, enabling RIC to make the fullest possible investment in its staff and, thus, in its patients.
The recent endowment highlights the Prince Family's long-standing dedication to RIC, which includes a $1million gift in the early 1990's to support nursing retention through the Prince Nurse Endowment Fund. Through this generosity, RIC has been able to strengthen its nursing corps through the creation of unique career advancement opportunities. Funded programs include the Prince Nursing Specialty Certification Scholarship, which covers certification and exam expenses; and the Prince Nurse Intern Scholarship, awarded to top nursing interns who wish to begin their careers as RIC registered nurses. These last 20 years, RIC was the first rehabilitation hospital to earn Magnet status in 2005 and was re-awarded the designation again in 2010 making it one of only 2% of the nation's nearly 6,000 hospitals to hold two consecutive Magnet designations for nursing excellence.
This generous commitment from the Frederick Henry Prince Memorial Fund also extends far beyond RIC's doors. As the most talented physical medicine and rehabilitation specialists in the world, RIC's professionals provide educational leadership for the industry, bringing cutting-edge research and training to providers around the globe. The new Frederick Henry Prince IV Family Hospital Morale Program recognizes this critical role and, through its support of RIC employees, encourages the highest overall standards of patient care throughout the world.
"The Prince family has long supported the broad mission of RIC," said Henry B. Betts, MD, former chairman, president & CEO, RIC. "They have continuously listened to the needs of the people of the community and made contributions that help make a difference."
About The Rehabilitation Institute of Chicago
The Rehabilitation Institute of Chicago (RIC) is the nation's #1 ranked provider of comprehensive physical medicine and rehabilitation care to patients from around the world and is the leader in research and development of the cutting-edge treatments and technologies in its field. Through aggressive medical protocols, RIC guides the patient care process toward a better outcome - involving repair, regeneration, and recovery of brain, spinal cord and musculoskeletal function.
RIC holds an unparalleled market distinction with a record six federal research designations awarded and funded by the National Institutes of Health and the Department of Education's National Institute of Disability and Rehabilitation Research in the areas of spinal cord injury, traumatic brain injury, stroke, neurological rehabilitation, outcomes research and rehabilitation engineering research. RIC operates its 165-bed, flagship hospital in downtown Chicago, as well as a network of 34 sites of care distributed throughout the Midwestern region, through which it delivers inpatient, day rehabilitation, and outpatient services.
Founded in 1954, RIC has been designated the "#1 Rehabilitation Hospital in America" by U.S. News & World Report every year since 1991. RIC sets the standard of care in the post-acute care market through its innovative applied research and discovery programs, particularly in the areas of neuroscience, bionic medicine, musculoskeletal medicine, and technology transfer. For more information, go to www.ric.org.