•••quote:•••Originally posted by vinsanity:
•Lionel, I am very interested in Sinai but its financial situation worries me. Does Sinai's current situation affect you as a student and would you think it will have an impact in your education??•••••howdy, the current financial situation is a mess, keep in mind also, that most hospitals are in huge debt as well, i think upenn went through a big financial crisis awhile back, and it doesn't seem to have hurt its reputation, might want to ask students about their experience there...
more specifically, sinai hired this consulting group to look over things and straighten out alot of inefficent stuff the hospital was doing(i.e. billing for example), supposedly, every hospital this group has worked for has been improved immensely(i.e. thats why they get hired). anyway, that being said, they are laying off some 500 "non essential" people and had announced that they were raising tuition by 7000$ over the next 2 years, which is alot! but generally speaking, would put sinai on par with other places(bringing it up to 32k).
students,especially 1st years, obviously were upset abot the 7k increase becuase, well, its a big increase, and people had certain expectations and financial considerations and plans coming into sinai. we felt it was unfair/unreasonable for a number reasons. im not sure how things would pan out in other schools, but the deans came and met with the class and we had 2-3hour talk with them, people were passionate of course, but what came out of it was a student committee which drafted a really well thought out letter to the board of trustees and the dean of the school, basically explaining why we thought such a huge increase was unfair, it looks like becuase of this, there wont be a 7k increase afterall, things will be phased in over a longer time etc and something will be worked out, im not sure if incoming students though, will face 32k tuition, they might, but at least they will have known beforehand. anyway, i explained all this just to give you some idea how things work at sinai, faculty and administration generally speaking are _very_ responsive to student concerns....
i really dont know how much of the results of the recommendations of this group, the Hunter Group,i'll see down the line, i really dont think it will affect my education, unless of course professors or physicians at sinai become so disgruntled for some reason that they suddenly become horrible at what they do becuase they are so preoccupied(which i really dont see happening, most professors seem to really like sinai and have been there quite awhile)...sure there was a huge renovation of the educational space(for 1st and 2nd years) planned, which would've made some big improvements(but also wouldve have eliminated the "md-labs" which all students love). im guessing this wont happen for awhile, but i wouldnt want to be in med school while they were renovating the place anyway.
they are definately making people sinai take notice of any waste going on, and things are tightening up, but this has had no other effect on me thus far... im sure faculty and staff are feeling financial situation in some way, i dont think people will be getting raises this year.. but exactly how or if that will translate down to us is pretty unclear, and of course, the administration has insisted it would be negligible.
really, im not concerned based on what they explained to us was going on...