Is Hadassah Hospital Close to Bankruptcy?

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Hadassah weighing plan to lay off 200 staffers

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.