"Incredible"

ONE
DAY
ONLY!

Detroit

Sinai Income
Jumps 27 Percent

RUTH LITTMANN STAFF WRITER

Saturday, September 11
10ani-5pni

"Incredible"

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Sinai Hospital reports second year of profits.

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S

inai Hospital has
reported its second
consecutive year of
profits — news that
calms the nerves of people
who worried Detroit's only
Jewish hospital would suc-
cumb to financial problems
during the late 1980s and
early 1990s.
According to Sinai's
annual report, released
last week, the hospital's
net income totaled $13.2
million for fiscal year 1993.
That's 32 percent more
than administrators had
expected and 27 percent
more than the $10.4 mil-
lion profit posted last year.
"Sinai's turnaround is
continuing rather dramati-
cally," said Phillip
Schaengold, the hospital's
president and CEO. "Last
year's results were dramat-
ic, but a second year of
even greater success clear-
ly establishes Sinai as a
major provider of health
care in southeastern
Michigan."
Four years ago, rumors
circulated that the hospital
would soon shut down or
merge with another facili-
ty. During 1990, Sinai was
losing about $1 million a
month. By 1991, officials
announced that 200
employees would be laid
off.
Then the hospital began
to implement new pro-
grams, including an effort
to increase staff productivi-
ty and reduce the number
of diagnostic tests patients
receive, says Mr. Schaen-
gold, who took the reigns
in January 1992.
"Sometimes running a
battery of tests can be

replaced by more specific
diagnostic tools that have
become available recently,"
he said.
The hospital also has
joined the Premiere
Hospital Alliance, a nation-
al purchasing network of
medical facilities, which
holds down the cost of
expensive equipment.
Hospital administrators
further credit the Jewish
community for Sinai's
recovery. "When things
were pretty bleak, there

"The Jewish
community has
regained pride in
its most visible
institution."

Phillip Schaengold

were a whole variety of
folks who stood up and
said, 'We cannot allow this
institution to go under,' "
said Pola Friedman, presi-
dent of the fund-raising
Sinai Health Care Found-
ation.
"The loudest voices were
from the Jewish communi-
ty. During those dark days,
members of the Jewish
community demonstrated
their support by reaching
into their pocketbooks and
volunteering their time to
the hospital."
Mr. Schaengold is confi-
dent about Sinai's future,
despite the uncertainties of
impending health-care
reform. Two successful
years, he said, have boost-
ed the morale of doctors