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NY Times article on Sinai today
- Thread starter demografix
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Thanks for the great link.
Hopefully this will cause people with multiple acceptances to withdraw from Mount Sinai and give me a chance of getting in.
I am waitlisted at Mount Sinai and would love to go there.
Hopefully this will cause people with multiple acceptances to withdraw from Mount Sinai and give me a chance of getting in.
I am waitlisted at Mount Sinai and would love to go there.
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BUMP
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Hey Pelican, when/how did you get the waitlist notification? I still haven't heard back...
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key words: financial trouble, MSSM, mount sinai
excerpts for posterity's sake:
"Barely a year after taking office on a pledge to restore the Mount Sinai Medical Center to economic health, its chief executive, Dr. Kenneth I. Berns, is leaving his post, and up to 500 health care workers will be laid off in a hospitalwide shake-up, administrators said yesterday."
"The job cuts, which will take effect within the next few weeks, come on top of the loss of about 430 positions already cut over the last year, as the hospital ? long one of the nation's premier teaching hospitals and an imposing presence on Manhattan's Upper East Side ? has struggled with problems in its finances, its administration and its medical reputation.
"Mount Sinai has more than 11,000 employees."
"Administrators said the leadership change and the job cuts reflected two deep but very different problems at Mount Sinai."
"Reducing the staff, the administrators said, is part of a yearlong reorganization process to help stem steep financial losses, which are partly the result of rising costs from insurance, drugs and emergency preparedness, especially after the terrorism attacks of Sept. 11, 2001.
"The change in administration, they said, addresses the core nature of the institution. In many ways it represents the final refutation of the merger with N.Y.U. Medical Center in 1998, which is widely regarded within the hospital industry, and within Mount Sinai, as a failure.
"The merger separated the medical school and the hospital, a change that also separated the functions of research and patient care. Under Dr. Davis, they will once again be reunited under one head, as they were for most of Mount Sinai's history.
"This will really bring the medical school and hospital into a unified position, where we were before the merger," Dr. Rosenberg said. "After the merger they were separately administered, and that didn't work."
Mount Sinai is certainly not alone among New York hospitals in facing money troubles. Industry experts say those problems are likely to deepen this year as the fiscal crisis in Albany ripples out, especially through proposed cuts in reimbursement under the Medicaid system, which helps hospitals care for the poor.
For Mount Sinai, though, the struggle has been harder and longer. The death early last year of a partial-liver donor from an infection, partly because of what investigators said was inadequate medical supervision, led the state to order the hospital to suspend transplants for six months. At the same time, the hospital began closing clinics, laying off workers and imposing new cost controls in hopes of containing its financial losses.
Hospital industry experts said the job cuts announced yesterday, while partly reflecting Mount Sinai's specific situation, could very likely be echoed at other hospitals in the months ahead as losses continue across the industry.
"This is evidence that the concern about the financial stress being felt by New York City hospitals is real," said James R. Tallon Jr., the president of the United Hospital Fund, a research and philanthropic group based in Manhattan. "It certainly demonstrates that in the hospitals, we're dealing with both smoke and fire."
ok that was almost the entire article, but i think its pretty important for folks in the future (i.e. tomorrow when you wont have access to this article) to be able understand whats going on with MSSM financially, its relationship with NYU and future concerns for the financial health of hospitals.
excerpts for posterity's sake:
"Barely a year after taking office on a pledge to restore the Mount Sinai Medical Center to economic health, its chief executive, Dr. Kenneth I. Berns, is leaving his post, and up to 500 health care workers will be laid off in a hospitalwide shake-up, administrators said yesterday."
"The job cuts, which will take effect within the next few weeks, come on top of the loss of about 430 positions already cut over the last year, as the hospital ? long one of the nation's premier teaching hospitals and an imposing presence on Manhattan's Upper East Side ? has struggled with problems in its finances, its administration and its medical reputation.
"Mount Sinai has more than 11,000 employees."
"Administrators said the leadership change and the job cuts reflected two deep but very different problems at Mount Sinai."
"Reducing the staff, the administrators said, is part of a yearlong reorganization process to help stem steep financial losses, which are partly the result of rising costs from insurance, drugs and emergency preparedness, especially after the terrorism attacks of Sept. 11, 2001.
"The change in administration, they said, addresses the core nature of the institution. In many ways it represents the final refutation of the merger with N.Y.U. Medical Center in 1998, which is widely regarded within the hospital industry, and within Mount Sinai, as a failure.
"The merger separated the medical school and the hospital, a change that also separated the functions of research and patient care. Under Dr. Davis, they will once again be reunited under one head, as they were for most of Mount Sinai's history.
"This will really bring the medical school and hospital into a unified position, where we were before the merger," Dr. Rosenberg said. "After the merger they were separately administered, and that didn't work."
Mount Sinai is certainly not alone among New York hospitals in facing money troubles. Industry experts say those problems are likely to deepen this year as the fiscal crisis in Albany ripples out, especially through proposed cuts in reimbursement under the Medicaid system, which helps hospitals care for the poor.
For Mount Sinai, though, the struggle has been harder and longer. The death early last year of a partial-liver donor from an infection, partly because of what investigators said was inadequate medical supervision, led the state to order the hospital to suspend transplants for six months. At the same time, the hospital began closing clinics, laying off workers and imposing new cost controls in hopes of containing its financial losses.
Hospital industry experts said the job cuts announced yesterday, while partly reflecting Mount Sinai's specific situation, could very likely be echoed at other hospitals in the months ahead as losses continue across the industry.
"This is evidence that the concern about the financial stress being felt by New York City hospitals is real," said James R. Tallon Jr., the president of the United Hospital Fund, a research and philanthropic group based in Manhattan. "It certainly demonstrates that in the hospitals, we're dealing with both smoke and fire."
ok that was almost the entire article, but i think its pretty important for folks in the future (i.e. tomorrow when you wont have access to this article) to be able understand whats going on with MSSM financially, its relationship with NYU and future concerns for the financial health of hospitals.- Joined
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I heard back from Mount Sinai about 8 weeks post interview. I am pretty sure that if you don't hear back in like 4 weeks it means either a waitlist or a rejection.
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can any of you show me a hospital that has a mission of quality care, including the indigent who is NOT experiencing financial difficulties? to pick on Mt. Sinai here is flagrant at best. Yes, I agree they are experiencing management difficulties. Let me tell you this...the average term of employment for a hospital administrator??? 2 YEARS!!! There is a lot more going on out there regarding financial pressures that just Mount Sinai. There is no reason to give someone considering this school anxiety about the management of the hospital. If anything, we should be worried about the entire health care system's financial difficulties. State budget crises, layoffs, and shortages are affecting much more than Mount Sinai.
Not trying to sound cynical, but just want to give me opinion, one that I believe is widely acknowledged, that this problem is virtually everywhere!
Not trying to sound cynical, but just want to give me opinion, one that I believe is widely acknowledged, that this problem is virtually everywhere!
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thanks for the reality check, sd77 😉
Mount Sinai is definitely one of my top picks. I already had a lot of anxiety about their financial situation, and this article actually made me feel a little better. It's nice to know that it's not just Sinai going through this . . . all of the NYC hospitals are or will soon be experiencing the same kinds of things.
That said, I have been told by academic physicians I've talked to, to "be concerned" about the hospital's financial instability. I got even more nervous when I came across an article from an old USNews "Best Graduate Schools" issue (2001) cautioning prospective students to heed warning signs. One scary example: in 1999, when the Mount Sinai hospital in Cleveland, OH went bankrupt, it suddenly became a nonteaching facility and all of the Case Western students doing OB-GYN clinical rotations there had to be shifted to existing teams in other affiliated hospitals, so all students had fewer training opportunities in OB-GYN.
Anyway, I'm sure there are a lot of myths and misconceptions, and ultimately, this will all have very little impact on medical students. If the worst case scenario is that I will not get as many opportunities to do a certain procedure, in the context of an otherwise excellent clinical training, I think I can handle it.
Mount Sinai is definitely one of my top picks. I already had a lot of anxiety about their financial situation, and this article actually made me feel a little better. It's nice to know that it's not just Sinai going through this . . . all of the NYC hospitals are or will soon be experiencing the same kinds of things.
That said, I have been told by academic physicians I've talked to, to "be concerned" about the hospital's financial instability. I got even more nervous when I came across an article from an old USNews "Best Graduate Schools" issue (2001) cautioning prospective students to heed warning signs. One scary example: in 1999, when the Mount Sinai hospital in Cleveland, OH went bankrupt, it suddenly became a nonteaching facility and all of the Case Western students doing OB-GYN clinical rotations there had to be shifted to existing teams in other affiliated hospitals, so all students had fewer training opportunities in OB-GYN.
Anyway, I'm sure there are a lot of myths and misconceptions, and ultimately, this will all have very little impact on medical students. If the worst case scenario is that I will not get as many opportunities to do a certain procedure, in the context of an otherwise excellent clinical training, I think I can handle it.
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No one's "picking" on Mt Sinai, just sharing the facts.
