web analytics
October 21, 2014 / 27 Tishri, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Hadassah Hospital Recovery Calls for $869 Million in Funding and Cuts

By:
Hadassah Hospital

Hadassah Hospital
Photo Credit: Yossi Zamir/Flash 90

TEL AVIV (JTA) — A recovery plan for Jerusalem’s bankrupt Hadassah Medical Organization calls for an additional $869 million in funding and cuts to the hospital’s services.

The plan, submitted Sunday by the court-appointed trustees managing the recovery, would draw funding equally from the Israeli government and the Hadassah Women’s Zionist Organization of America, which owns the hospital. Under the plan, Hadassah would lay off 30 doctors and researchers, as well as hundreds of employees, according to Haaretz. The hospital also would close several departments and restructure its board.

The hospital is saddled with nearly $370 million in debt and an annual deficit exceeding $85 million.

Hadassah declared bankruptcy in February after two large Israeli banks cut off its credit lines. The Jerusalem District Court gave the hospital a 90-day stay of protection from creditors, after which the medical organization will be restructured or liquidated.

The court must approve the recovery plan, and an assembly of Hadassah’s employees and creditors will vote on it Tuesday.

Leonid Eidelman, chairman of the Israel Medical Association, which represents Hadassah’s doctors, said the association could not approve the plan in its current form.

Eidelman called on the trustees to “alter the agreement by Tuesday and bridge over the gaps so the IMA can recommend that the doctors vote for it,” according to The Jerusalem Post. “We have only a few precious days for improvements to be made that would prevent the dismantling of this vital and exquisite institution called Hadassah.”

UPDATE: The doctors of Hadassah have rejected this deal.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

4 Responses to “Hadassah Hospital Recovery Calls for $869 Million in Funding and Cuts”

  1. Judith Dowla says:

    We have the same problems in our country with hospital service cuts and debt rising. Philanthropists, others assist to the best of their abilities with bake sales, lotteries and whatever fills the coffers to cover the debt and of course we have tax write offs for those who qualify. A top notch financial adviser can wipe the slate clean. Hope resolution is in the works for your facility.

  2. Judith Dowla says:

    Yechiel, how would you implement what you have suggested to reduce the debt. Would withholding the funds (social assistance) cause enough increase in money to free the hospital of the debt that is incurring.What country could they borrow from between times? Israel is doing a lot of tech work projects with China. Good earnings in the tech industry. A loan from China maybe or trade offs. How did King David do it? We could learn from the past how solutions took place. Remember the Queen of Sheba and King Solomon and all the gifts she sent to him for his wisdom. The past can be a good teacher for the here and now or for down the road too. Any comments.

  3. Judith Dowla says:

    I doubt if Israel would take that pathway unless they dissolve their agreements with Palestine and then what? All hell breaks loose. Take away doesn't work well but in some instances it works very well. However, there needs to be choices to choose from in order to get one one needs. Remember the times of the HighPriest and the Urim and Thummin. Not used anymore that I know of. Or casting lots.

  4. Yechiel Baum says:

    Judith Dowla
    King David did not provide free expensive heathcare to our enemies whose only thought is our demise. do you suggest, we keep them healthy to accomplish their nefarious immoral aim? Did Hitler provide healthcare to the Jewish concentration camp inmates?

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Facebook post from man believed to be Canadian convert to Islam who rammed soldiers with his car in possible terrorist attack, Oct. 20, 2014.
‘Radicalized’ Convert to Islam Attempted to Murder Canadian Soldiers [video]
Latest News Stories

The mortar, which hit Israel on Tuesday morning, did not cause any injuries or damage.

Route for weapons shipment to Gaza from Iran.

After lying in coma for months, 83-year-old Ayatollah Mohammad Reza Mahdavi Kani has died, Iranian media reported Tuesday.

Facebook post from man believed to be Canadian convert to Islam who rammed soldiers with his car in possible terrorist attack, Oct. 20, 2014.

A radicalized Canadian convert to Islam rammed soldiers in what may have been an act of terrorism.

PA Chairman Mahmoud Abbas speaking in Ramallah. (archive)

PA unity govt chairman Mahmoud Abbas raises the penalty for selling land to a “hostile nation” (Jew).

Israel’s government is recruiting citizens to help combat the Ebola virus epidemic in West Africa.

The Beach Boys aren’t coming to Israel next month…

The Jerusalem Light Rail has finally instituted a ‘zero tolerance’ police towards Arab violence against its trains.

A 2,000 year old stone fragment bearing an official Latin inscription dedicated to the Roman Emperor Hadrian is found in Jerusalem.

The woman’s father and other ISIS members stoned the woman to death for adultery.

Hamas has created a museum exhibit, currently showing at al-Aqsa University in Khan Younis, Gaza. Hamas is showing off its weapons and propaganda pieces from this past summer’s war, Operation Protective Edge.  

A bill that would end the control of the Chief Rabbinate over conversions to Judaism in Israel was nixed Monday by PM Netanyahu.

Haaretz smears U.S. terrorism expert for being a Republican and friend of Sheldon Adelson.

Leslie W., 48, and his partner Akiwa H., 56, are charged with having sold more than 88,000 pounds of non-kosher meat for a marked-up price.

The Rabbinical Council of America said that since the arrest last week of Rabbi Barry Freundel of Washington, DC, it has been working assiduously to address the many challenges that its members and their communities now face.

It was an outright miracle: a tiny teahouse in the pass, and the equivalent of a Sherpa Pony Express to deliver a call for help.

More Articles from JTA

The mortar, which hit Israel on Tuesday morning, did not cause any injuries or damage.

Leslie W., 48, and his partner Akiwa H., 56, are charged with having sold more than 88,000 pounds of non-kosher meat for a marked-up price.

New York State Assemblyman Steven Cymbrowitz criticized the decision to not charge the suspect with a hate crime.

Former White House official Ron Klain has been tapped to coordinate the government’s response to the Ebola outbreak.

Even more shocking is that Jews insist on remaining in France.

Two Penn State students who pleaded guilty to spray-painting anti-Semitic graffiti on a mostly Jewish fraternity house were sentenced to community service and probation. Eric Hyland, 20, was sentenced last week in Centre County Court to 200 hours of community service and two years’ probation, and was ordered to pay $6,000 restitution. Last month, Hayden […]

A Methodist who practices Buddhism, this will be the first time he portrays a Jew.

The official exchange rate is one dollar per point.

Printed from: http://www.jewishpress.com/news/breaking-news/hadassah-hospital-recovery-calls-for-869-million-in-funding-and-cuts/2014/05/11/

Scan this QR code to visit this page online: