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STAT+: Harvard Medical School was already in the red. Then came Trump
Harvard Medical School's finances are in a precarious place as it prepares for impending layoffs and sweeping cuts.
This story originally appeared in STAT’s sister publication, The Boston Globe.
Harvard Medical School is known for its breakthroughs in combating diabetes and smallpox, 11 Nobel Prizes, and a competitive academic program that accepts only 3 percent of applicants.
Now its finances are in a precarious place as it prepares for impending layoffs, sweeping cuts, and calls for a “long-term, sustainable” shift in the way it operates, according to school officials at a faculty town hall last week.
