It’s a long read, but the Palm Beach Post has put together a timeline on the decisions and economic changes that ultimately led to the University of Miami medical school cutting 900 workers.
As far back as October, billionaire car dealer Norman Braman wrote in a memo to fellow UM trustees that he and colleagues had been receiving anonymous letters for months “outlining a host of wrongdoings, mostly at the medical school.” Braman and others closely tied to the school warned UM officials the medical school was spending too much, too fast in the push to build a world-class medical center.
The expansion was occurring just as healthcare revenue — the foundation for much of the medical school’s expansion — was starting to dry up, with lower rates of reimbursement from insurers and cuts in federal and state funding.
Read more at: www.palmbeachpost.com
