This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: Google.com and Fox5NY.com.
Most of my recent articles on the state of U.S. hospitals have detailed a host of deleterious financial issues that are threatening their very survival.
Now comes the news, announced this week, that a major New York City hospital is also, reportedly, permanently closing.
Let us explore.
U.S. Hospitals, 2023
According to a report from Fox5NY.com, Mount Sinai Health System says it is closing its Beth Israel hospital at 16th Street due primarily to bleeding $1 billion over 10 years.
The report states: Mount Sinai told FOX 5 NY that labor and supply costs keep going up, but the number of patients keeps going down, and it’s only operating at 20% capacity and losing $150 million annually. "The idea of losing more healthcare in Lower Manhattan, we've lost almost all our health care. Twenty hospitals in 25 years have been closing," said District 74 Assemblyman Harvey Epstein. "This is a blow to our neighborhood."
It should be noted there are continuing efforts underway to save the hospital, but there is no word as yet as to their efficacy.
This is a developing story. In the event of pertinent updates to this matter, I will share them here on NewsBreak.
Thank you for reading.