Is Hadassah Hospital Close to Bankruptcy?
Hadassah University Hospital will be forced to lay off staff due to the medical center’s deepening financial crisis, Dr. Yuval Weiss, its acting director-general, told staff in a memo issued Sunday.
Hadassah is struggling with a NIS 200 million operating deficit, which is pushing the institution close to the point of bankruptcy. The memo was issued in the wake of a report by PwC Israel Consulting, which has been working for the past two months on a long-term rehabilitation plan to pull the medical center out of its financial crisis.
Weiss outlined steps already taken the past few months to cut down expenses: a partial freeze in overtime pay, drastically reduced hiring of new staff, and a freeze on promotions and new appointments. “But these steps aren’t enough,” he wrote.