NASSAU HEALTH CARE CORPORATION RECEIVES $37M THROUGH HEAL NY PHASE IV PROGRAM FOR DEBT RELIEF AND FACILTY MODERNIZATION

—10% OF TOTAL AWARD, LARGEST FOR ANY HEALTH SYSTEM— 

—RECEIVING $37M IS EXTREMELY IMPORTANT TO NHCC’S FUTURE AND A MAJOR ACCOMPLISHMENT FOR NASSAU UNIVERSITY MEDICAL CENTER AND A. HOLLY PATTERSON EXTENDED CARE FACILITY, AN IMPORTANT STEP FORWARD DEMONSTRATING THAT NEW YORK STATE OFFICIALS BELIEVE IN THE VIABILITY OF THE NHCC’S STRATEGIC PLAN, ITS MODERNIZATION PROGRAM, AND ITS SUCCESS TO DATE IN TURNING AROUND NASSAU’S ONLY PUBLIC HEALTH CARE SYSTEM –

—-FUNDING TO HELP RETIRE DEBT AND POUR THREE EMPTY FLOORS IS PROVIDED TO ASSIST IN COMPLYING WITH THE MANDATES OF THE COMMISSION ON HEALTHCARE FACILITIES IN THE 21ST CENTURY, KNOWN AS THE BERGER COMMISSION —

     East Meadow, NY——–Joined by state and county officials, members of the board of directors of the Nassau Health Care Corporation (NHCC), representatives from NHCC’s administrative and clinical leadership teams, and various other public officials, Arthur A. Gianelli, president/CEO of the Nassau Health Care Corporation announced that the New York State Department of Health and the Dormitory Authority of the State of New York have awarded  $37M out of the $362.5M or 10% of the total HEAL NY (Health Care Efficiency and Affordability Law for NewYorkers) Phase IV to the NHCC, specifically $23M to the Nassau University Medical Center and $14M to the A. Holly Patterson Extended Care Facility, taken together the largest award for a health system.  The HEAL funding is being provided to 23 hospitals and 7 nursing homes to assist them in complying with the mandates of the Commission on Health Care Facilities in the 21st Century, known as the Berger Commission.
“Receiving notification that the NHCC has been awarded aggregately $37M, the largest HEAL NY Phase IV award in the state to any health care system, is indeed very welcome news from the State of New York and very important to the future of Nassau County’s only safety net hospital and nursing home.  It demonstrates that state officials believe in the viability of the NHCC’s strategic plan, its modernization program and its success to date in turning around Nassau’s only public health care system,” stated Mr. Gianelli.

New York State Senator, Kemp Hannon, said: “This funding is vitally important to the future of NUMC and will enable it to provide necessary services to the people of central Nassau.  The health care corporation has made great strides in recent times to help achieve the modern mission of quality care and this funding will enable them to further improve their treatment practices.”
Nassau University Medical Center, a Level I Trauma Center in East Meadow, received $23M, which included $20M to help retire debt and $3M to assist with funding of the pouring of the three empty floors.  A. Holly Patterson received $14M to help retire debt. Approximately $1.4M a year will result in interest payment reduction.
Funding for the grants was made available through the HEAL NY program and the Federal-State Health Reform Partnership (F-SHRP). Phase IV of the HEAL NY grant program provides funds on a competitive basis to hospitals and nursing homes that have demonstrated a willingness to invest in the restructuring and reconfiguration of their facilities to further improve the delivery of quality care to patients.  This is part of a very large effort being undertaken by the State to right-size and strengthen New York’s health care system.
Mr. Gianelli expressed his appreciation and gratitude to New York State officials and to those involved in the submission of the successful grant application, especially George Kalkines and Jeff Thrope from Manatt, Phelps, and Phillips:  “A great deal of appreciation must go to our state officials, the NHCC leadership team that pulled together to work on this application and to the Manatt consulting team, led by George Kalkines and Jeff Thrope, who truly drove the grant application process and submitted a very credible response on our behalf, helping us to obtain $37M to help retire debt and pour the three empty floors, leading to promoting financial stability,” concluded Mr. Gianelli.