Brooklyn Hospital’s Doctors Want To Cut Ties With Parent Company

This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

The New York Sun

Doctors at a cash-strapped Brooklyn hospital want to sever ties with the hospital’s parent company as a way of boosting revenue and saving a maternity ward that has been slated for closure.

The medical staff at Long Island College Hospital, in the Cobble Hill neighborhood, filed a plan with the state’s Department of Health that would cut operating deficits by $20 million each year.

In July, the hospital’s parent company, Continuum Health Partners, announced plans to shutter the obstetrics department in an attempt to stem medical malpractice costs and avoid bankruptcy.

The decision was part of a reorganization plan that also included selling valuable real estate and reducing the number of beds. LICH has accrued $170 million in debt, with the obstetrics department accounting for 33% of the hospital’s losses each year.

The proposal submitted by the doctors calls for appointing a new board of directors and improving the hospital’s billing and collections operations. The doctors projected their plan could boost the hospital’s operating revenue to $337.6 million next year, up from $321 million this year.

Continuum officials urged the doctors to work with them toward a “financially realistic” plan yesterday. “We are confident that the restructuring plan we have put forward to the Department of Health is the best course of action,” hospital officials said in a statement.

The New York Sun

© 2023 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

By continuing you agree to our Privacy Policy and Terms of Use