HKS Affiliated Authors
Ethel Zimmerman Wiener Professor of Public Policy, HKS; Henry and Allison McCance Professor of Business Administration, HBS
Excerpt
Excerpt
August 26, 2020, Paper: "In 2019, the Hahnemann Medical Center, a safety net hospital in Philadelphia, declared bankruptcy and a consortium of hospitals submitted a winning bid of $55 million for 550 government-funded residency slots. The auction challenges the narrative of teaching hospitals that training residents is a money-losing proposition and provides an opportunity to rethink the role of public financing of graduate medical education (GME) and its nearly 4-decades-old funding formulas."