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April 17, 2014 / 17 Nisan, 5774
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Posts Tagged ‘The Women’s Zionist Organization of America’

Hadassah Women to Help Bail Out Hadassah Medical Center

Monday, February 10th, 2014

Striking doctors at Israel’s Hadassah Medical Center were joined by non-medical personnel and nurses.

Hospital staff received only half their January salaries due to the center’s $367 million deficit.

Only emergency and birthing services were in operation at the two Hadassah campuses on Monday. The doctors have been on partial strike, offering only urgent treatment on a Sabbath and holiday schedule for nearly a week.

Israel’s Health Minister Yael German announced a financial recovery package offered to the hospital, including a government loan of more than $14 million to be matched by Hadassah, the Women’s Zionist Organization of America, Haaretz reported.

The announcement came after the hospital on Friday filed for court protection against its creditors, including employees filing to receive back salaries, after two Israeli banks cut off their lines of credit, according to reports.

The money from the government and Hadassah would allow the hospital to continue operating, but not to pay the back salaries.

In an interview with Israel’s Channel 2 News, German said Hadassah’s deficit was the result of too many employees, inflated salaries and difficulty in generating extra revenue from private medical services.

Hadassah Medical Center is one of the largest hospitals in Israel and the only one specializing in head trauma.

 

Jerusalem’s Hadassah Hospital Near Financial Collapse

Wednesday, December 4th, 2013

Hadassah Medical Center in Jerusalem is on the brink of financial collapse, the Forward reported.

The hospital is facing a $300 million deficit, including $80 million accrued in the last year, according to the newspaper.

Efforts by Hadassah, the Women’s Zionist Organization of America to save the medical center have resulted in a break with the hospital leadership in Israel. The organization has not been able to increase its funding for daily operations of the hospital, the Forward reported, and cash-flow problems caused hospital employees to receive only a partial salary in November.

Last year, during the Hadassah organization’s 100th anniversary celebrations, the group dedicated a state-of-the-art hospital tower fully funded by the organization through a national campaign. The tower is not yet fully operational, however, requiring another $45 million to reach that level.

The four Israeli members of the Hadassah hospital board resigned in October after they were excluded from negotiations with the Israeli government over government funding of the hospital. American representatives of the organization comprise 51 percent of the hospital board and can control its decisions, according to the Forward.

The American Hadassah organization has faced financial difficulties resulting from the world economic downturn and fallout from the Bernard Madoff Ponzi scheme.

Printed from: http://www.jewishpress.com/news/breaking-news/jerusalems-hadassah-hospital-near-financial-collapse/2013/12/04/

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