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MEDIA ADVISORY –GIANELLI ANNOUNCES NUHEALTH FINANCIAL RESULTS FOR 2009, WITH ONGOING SUSTAINING FINANCIAL INITIATIVES IMPROVING BOTTOM LINE OVER LAST DECADE, ENDING 2009 WITH $804,000 SURPLUS


FOR IMMEDIATE RELEASE

June 9, 2010

 

PRESS CONTACT:

Shelley Lotenberg

shelley@numc.edu

516-572-6055

 

MEDIA ADVISORY

 

GIANELLI ANNOUNCES NUHEALTH FINANCIAL RESULTS FOR 2009, WITH ONGOING SUSTAINING FINANCIAL INITIATIVES IMPROVING BOTTOM LINE OVER LAST DECADE, ENDING 2009 WITH $804,000 SURPLUS

 

East Meadow, NY…...Arthur A. Gianelli, President/CEO of the NuHealth System, comprised of the Nassau University Medical Center, the A. Holly Patterson Extended Care Facility and various Family Health Centers, will announce that for the first time since its creation as a public benefit corporation in 1999, the NuHealth System, with NUMC as the only safety-net hospital in Nassau County, has ended the year 2009 in the black, with a surplus of $804,000. Ernst & Young, NuHealth’s independent certified accounting firm, confirmed these results and issued its unqualified opinion on June 8th, 2010. Since 1999, the NuHealth System, which has a yearly budget of $550 million and 3,800 employees, has improved the bottom line by $249 million, with a variety of initiatives that have been implemented resulting in on-going financial improvements, mostly in the areas of revenue cycle, supply chain, staffing efficiencies, information technology upgrades, faculty practice plan realignment and program enhancements.

 

WHEN:  Thursday June 10, 2010 at 11 AM

 

WHERE: Nassau University Medical Center auditorium

               Carman Avenue entrance, first floor.