Harvard Med School Gets Bailout From Hospitals
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Harvard University's medical school, suffering from its endowment decline, has negotiated a deal in which hospitals with which it works will provide $36 million for operations over the next three years, The Boston Globe reported. Harvard's medical school has been unusual in being able to rely largely on endowment income and research grants, but that is no longer viable. As part of the negotiations for the funds, the hospitals asked for speedier decisions on matters involving their doctors and for detailed information about the medical school's finances.