Emory University has agreed to credit Grady Health System with $20 million of the $62 million debt that Grady owed the University as of January 1, 2008.
The voluntary contribution is Emory’s commitment to the business community’s current philanthropic campaign for Grady, which plays a vital role for all of Georgia as the Atlanta metro region’s only Trauma I center and the state’s largest indigent care hospital.
“This is real money, earned by real faculty physicians working under the terms of a mutually agreed upon contract with the Fulton-DeKalb Hospital Authority,” says Thomas J. Lawley, MD, dean of the School of Medicine.
“Although it comes at a time of significant budgetary constraint for the School of Medicine, we also know that shared sacrifice from all of the Atlanta health care community will be required if Grady is to achieve our common goal of not only surviving, but thriving,” says Lawley.
The Robert W. Woodruff Health Sciences Center of Emory University is an academic health science and service center focused on missions of teaching, research and health care. Its components include schools of medicine, nursing, and public health; Yerkes National Primate Research Center; the Emory Winship Cancer Institute; and Emory Healthcare, the largest, most comprehensive health system in Georgia. The Health Sciences Center has a $2.3 billion budget, 17,000 employees, 2,300 full-time and 1,900 affiliated faculty, 4,300 students and trainees, and a $4.9 billion economic impact on metro Atlanta.
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