Word: bidmc
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...fiscal viability of BIDMC and CareGroup are of prime importance to Harvard Medical School (HMS), which trains 20 percent of its students at the flagship hospitals...
James Reinertsen resigned as CEO of both BIDMC and CareGroup, the umbrella organization of which BIDMC is the largest member, in late July. His resignation came as financial losses at both BIDMC and CareGroup continued to mount. Reinertsen had slowed but not stopped the hospital group’s losses—in the third quarter CareGroup lost $38.9 million...
Levy said that HMS had proposed a similar deal two or three years ago, but that BIDMC was now seriously considering the plan...
...closely involved in the efforts to right the ship at BIDMC. HMS Dean Joseph B. Martin is chairing the search committee for a new CEO and Martin has in the past sat on search committees at HMS’ other affiliates...
Steering committee meetings are private, and a spokesperson wouldn’t discuss what proposals were on the table, but Levy said that Harvard has suggested a real estate deal that would help BIDMC with its cash flow problems...