web analytics
September 30, 2014 / 6 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
Arab terrorists at the traffic circle in Ras al-Amoud May 2011
Breaking: Children Evacuated as Arabs Attack JM Neighborhood of Maaleh HaZeitim
Latest News Stories
Anti-Semites have a message for Jews in the Diaspora, but some people just don't understand it.

Jews are becoming as safe in France as they are in Iraq, Yemen and Syria.

Arab terrorists at the traffic circle in Ras al-Amoud May 2011

Children were rushed to bomb shelters in the Jerusalem neighborhood when Arabs began throwing explosives at the neighborhood and near the school.

Leonard Nimoy and Tar Trek's Jewish stars, William Shatner.

Volkswagen tries to cleanse its Nazi-linked past.

Prime Minister Benjamin Netanyahu headed for a much deserved lunch in Midtown Manhattan with Sheldon Adelson, at Fresco by Scotto, accompanied by 30 security guards. Bibi had the veal chop.

Rabbi David Kushner’s Ford Explorer was torched next to the Rodef Sholom Synagogue in Atlantic City on the first day of Rosh Hashanah.

How can Netanyahu say that Iran, which hangs innocents, is like ISIS, which beheads them?

More than two dozen Jews under heavy police escort moved into six more homes purchased by a Jewish investment company in Silwan Valley, including the City of David complex, in eastern Jerusalem Monday night. A group of Arabs hurled firecrackers and stones at police in a failed attempt to enter one of the buildings, and […]

ZIM may not call on the Port of Oakland again, certainly not until the ILWU 10 has a contract and guarantees to unload ZIM ships. Other shipping companies wary of the port’s unreliability may also consider the same.

Dozens of Jewish graves and gravestones on the Mount of Olives were desecrated during Rosh HaShanna.

An intruder actually made it to the East Room of the White House earlier this month, much farther than previously reported.

The following is the speech delivered by PM Netanyahu at the United Nations General Assembly on September 29, 2014:

The new Jewish Temple will offer millions of pilgrims underground parking, according to a new plan that just received the endorsement of hundreds of supporters who put their money where their faith is.

Subject to government approval, EL AL will place its “LY” code on select JetBlue flights to and from JFK and Newark, which will presumably expand the options for EL AL customers throughout the United States.

The Oklahoman called it a bizarre coincidence. On Friday, a second man was arrested for threatening to behead a coworker.

ISIS, Hamas, Hezbollah and Iran all share a fanatic ideology, Israeli PM Netanyahu warned the UN General Assembly on Monday. No freedom or tolerance.

More Articles from JTA
Anti-Semites have a message for Jews in the Diaspora, but some people just don't understand it.

Jews are becoming as safe in France as they are in Iraq, Yemen and Syria.

Leonard Nimoy and Tar Trek's Jewish stars, William Shatner.

Volkswagen tries to cleanse its Nazi-linked past.

Obama devoted only 78 words at #UNGA to greatest threat to world peace, the #Iran nuclear threat; 1,540 words to #ISIS

The “second Exodus” from Egypt is almost complete.

The ISIS spokesman issued a statement that said the coalition led by the United States against ISIS was the “final campaign of the crusaders.”

A seniors’ tennis team from New York is going to a court of law to keep from playing a tournament on Shabbat.

For the record, Jewish law allows you only to hear on shofar at a time on Rosh HaShanah.

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: