Addressing threats to health care's core values, especially those stemming from concentration and abuse of power - and now larger threats to the democracy needed to advance health and welfare. Advocating for accountability, integrity, transparency, honesty and ethics in leadership and governance of health care.
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Friday, March 11, 2005
Still More Fall-Out from the Bankruptcy of Allegheny: Womens' Medical Center to Close
The fallout from the bankruptcy of Allegheny Health Education and Research Foundation (AHERF) continues even now. The Philadelphia Inquirer reported that Women's Medical Center, formerly part of AHERF, formerly Medical College of Pennsylvania Hospital, is closing. Although some would argue that the hospital was already in trouble when Allegheny acquired it in 1988, there is at least an argument that mismanagement by AHERF, and then the catastropic bankruptcy of AHERF in 1998, the second largest bankruptcy of any kind in the country at that time, were also partially responsible for the end of the hospital. The hospital was originally part of Female Medical College, the first medical school for women in the US, founded in 1850.
Sad ending to a once great institution. I was founding chair of family med at MCP from 1993 to 2000. While I wasn't there prior to the AHERF era from what I heard the hospital and med school were in serious financial difficulties for a number of years before Sharif came to town as their "savior."
ReplyDeleteI feel sorry for pts and employees.
During a recent visit to Phila. I was told that Drexel may try to re-open the hospital.