January 6, 2006

N.J. Institution Accepts Federal Oversight

By KARIN FISCHER

A federal monitor is poised to assume oversight of the financial practices of the University of Medicine and Dentistry of New Jersey.

The four-campus institution is believed to be the first public university to be brought under federal supervision, a practice that is much more common in the business world.

Its trustees consented to the oversight last month as part of a proposed agreement intended to shield their institution from criminal prosecution for Medicaid fraud. If

Digital or Print Subscription

Web Pass

Already have an account? Log In Now.