web analytics
October 24, 2014 / 30 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.



Montefiore Health Systems and YU Join to Run Einstein

Albert Einstein College of Medicine

Albert Einstein College of Medicine
Photo Credit: Facebook

The Albert Einstein College of Medicine of Yeshiva University is going to be run by a new entity created by Montefiore Health System and Yeshiva University, YU and Montefiore announced on Tuesday, May 27.

According to the joint statement, Montefiore will assume greater responsibility for the day-to-day operations, financial management and significant aspects of the governance of Einstein, while YU will continue to be the degree-granting institution with “a key role in the educational aspects of the entity.”

“This agreement marks an important milestone for the future of each of our institutions as well as for healthcare as a whole, ” said Steven M. Sayfer, M.D., president and CEO of Montefiore.

“We look forward to further strengthening Einstein as a major research institution that spans the scope from bench science to healthcare delivery transformation,” Sayfer added.

Richard M. Joel. president of Yeshiva University, also expressed enthusiasm for the new venture.

“We are delighted to emphasize our shared commitment to assuring the continuity and growth of the educational and research functions of Einstein while remaining a leader in medical education. At the same time, we are taking a powerful and important step towards building a financially sustainable Yeshiva University.”

The announcement explained that “it is anticipated that there will be one unified faculty, retaining academic appointments from YU, while being employed by Montefiore, as they continue to teach and mentor Einstein’s students and Montefiore residents.”

Einstein has been plagued by serious financial difficulties, largely believed to be the fallout from the Bernie Madoff scandal. Madoff was a trustee of Yeshiva University who lost millions of dollars of his clients’ investments, of which Einstein was hit particularly hard. According to Bloomberg News, the medical school operated at a deficit of nearly $106 million in 2012.

There are reports of widespread faculty pay freezes and severance offers. Layoffs are expected to begin over the next month.

 

About the Author: Lori Lowenthal Marcus is the US correspondent for The Jewish Press. She is a recovered lawyer who previously practiced First Amendment law and taught in Philadelphia-area graduate and law schools.


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.

2 Responses to “Montefiore Health Systems and YU Join to Run Einstein”

  1. COOOOOL WOOOOOW….

  2. Judith Dowla says:

    Perhaps Pope Francis would like to invest some monies into helping this college of medicine. And the Vatican and Rome do receive a lot of remuneration from their congregations. His name could be added to a wing at the college to acknowledge gratitude from the Pope of Rome and The Vatican. How about one of you asking him if he is up to donating some funds to carry this on through. No harm asked. Be a yes, a no or a maybe.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
The car that crashed into a Jerusalem train station, killing an infant and injuring eight, in what is being probed as a terrorist attack.
Tearful Message from Baby Terror Victim’s Grandfather
Latest News Stories
Dr. Craig Spencer and his girlfriend, Morgan Dixon.

Officials preach calm but are frantically trying tracing every step the doctor took in the city.

The car that crashed into a Jerusalem train station, killing an infant and injuring eight, in what is being probed as a terrorist attack.

“God is trying to wake us up,” said the grandfather.

Former Presidential candidate Gov. Mitt Romney and former Vice Presidential candidate Sen. Joe Lieberman will address the inaugural Israeli American Council (IAC) National Conference in Washington next month. The IAC’s stated mission is “to build an active and giving Israeli-American community throughout the United States in order to strengthen the State of Israel.” The number […]

Attacking Homes in Old City

Dozens of Arab rioters attacked Jewish owned buildings in Jerusalem’s Old City.

J Street U blames Jews buying homes in Jerusalem for triggering Hamas terrorist’s murderous rampage.

Boko Haram kidnapped an additional 20 Nigerian girls.

A healthcare worker has returned to the US from West Africa suffering with symptoms resulting in testing for the Ebola virus at NYC’s Bellevue Hospital.

Despite PM Netanyahu’s vow to “assert sovereignty” over all parts of Jerusalem, Arabs continue to carry out potentially lethal rock attacks.

Israel’s prime minister and the mayor of Jerusalem met today with security brass over the terror attack that wounded 8 and killed a 3-month-old baby.

For the first time since the 1979 Islamic Revolution, Boeing Aerospace and Defense has made a sale to Iran.

Syria’s once-lucrative oil wells dissolve under U.S.-led coalition air strikes targeting the ISIS terror organization.

In Lebanon, a man in his 20s suspected of being ill with the Ebola virus has been placed in quarantine at a Beirut hospital.

Israelis of all ages watched in fascination as the Hawaiian-born Japanese-Samoan former sumo star, Konishiki Yasokichi shared his moves during a special workshop for children in Jerusalem.

The Legal Forum for Israel calls on Transportation Minister Katz to amend the law and revoke drivers’ licenses of convicted terrorists.

Kerry still thinks Muslim terror in Israel is different from elsewhere.

This Friday, millions of Jews in 340 cities around the world will be ‘keeping it together.’ The 7th day. Shabbat.

More Articles from Lori Lowenthal Marcus
J Street U's Facebook post after an Arab terrorist murdered a Jewish American infant and injured several others, seemed to blame the Jews.

J Street U blames Jews buying homes in Jerusalem for triggering Hamas terrorist’s murderous rampage.

Abubakar Shekau, head of Islamist terrorist group Boko Haram in a video posted on June 27, 2014.

Boko Haram kidnapped an additional 20 Nigerian girls.

Arab media describes Hamas vehicular terrorist attack as ‘Palestinian ‘shot dead’ by Israeli police.’

Please see this article for the latest update. Updates as soon as available. UPDATE 4, 6:42 p.m. Israel Time: Official word from Superintendent Micky Rosenfeld, Israel Police Foreign Press Spokesman is that nine people were injured by a vehicle which struck people at the light rail station. The shots people heard were ones fired at the […]

Visitors from Ebola-stricken West African nations will be required to enter the U.S. from one of only five airports.

Israel’s UN ambassador refuted secretary-general’s hackneyed and false understanding of instability in the Middle East.

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

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

Printed from: http://www.jewishpress.com/news/breaking-news/montefiore-health-systems-and-yu-join-to-run-einstein/2014/05/28/

Scan this QR code to visit this page online: