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NYC Health + Hospitals history
NYC Health + Hospitals company history timeline
The New York City Health and Hospitals Corporation, a new public corporation, was created in 1969 to replace the city's Department of Hospitals as the agency responsible for operating the municipal hospitals and whatever other healthcare facilities the city might assign it.
A 25-story structure, built at a cost of $160 million, was completed in 1973 on the eastern part of the grounds adjoining the administration building.
1973: Completion of a 25-story building transforms Bellevue's physical plant.
In 1981, the NYC Health and Hospitals Corporation established a managed care demonstration project, Metropolitan Health Plan.
In 1990, Bellevue doctors estimated that as many as 80 percent of the patients operated on there had AIDS. Homeless patients were estimated to fill at least half of the beds in Bellevue's adult psychiatric wards.
In fiscal 1993 (the year ended June 30, 1993), the HHC recorded a net loss of $289 million on revenues of $1.47 billion.
To try and make ends meet, the corporation cut 300 beds and 3,500 of its almost 50,000 employees in 1994 and created a health-maintenance organization, MetroPlus Health Plan, offering members a network of hospitals, the ability to choose a family doctor, and a 24-hour emergency number.
The bill for uncompensated care came to $43 million fiscal 1995.
Of the 2,100 patients admitted to Bellevue on average in 1995, nearly one-third, including homeless people and undocumented immigrants, were uninsured patients.
Brecher, Charles, and Sheila Spiezio, Privatization and Public Hospitals: Evolution of the Health and Hospitals Corporation, New York: Twentieth Century Fund, 1995.
The HHC earned a $143-million surplus in fiscal 1996 and remained in the black for the next four years.
The HHC ended fiscal 2001 with a $72-million deficit and was expected to end fiscal 2002 some $200 million in the red. Based on the HHC's favorable financial record in recent years, the corporation's bond ratings were raised in 2001.
The emergency rooms of its hospitals handled nearly a million health emergencies in fiscal 2002.
Flynn, Don, "Ben Chu Molds New public Hospital Image," Medical Herald, October 1, 2003.
As the focal point of our translational research efforts, the Joan and Joel Smilow Research Center, which opened in 2006, houses multidisciplinary research teams dedicated to cancer, cardiovascular biology, dermatology, genetics, and infectious diseases.
In 2006, Metropolitan received designation as an official Stroke Center from the NY State Department of Health, one of the first in Manhattan and the very first in East Harlem.
Continuing its commitment to improve the human condition through medical education, patient care, and scientific research, in 2019 NYU Langone Health partnered with NYU to form NYU Long Island School of Medicine, a three-year medical school located at NYU Langone Hospital—Long Island.
In 2021, NYU Langone ambulatory care practices ranked No.
"New York City Health and Hospitals Corporation ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/new-york-city-health-and-hospitals-corporation
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NYC Health + Hospitals competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Visiting Nurse Service of New York | 1893 | $1.2B | 11,780 | - |
| The Brooklyn Hospital Center | 1845 | $390.0M | 3,000 | 25 |
| RWJBarnabas Health | 1865 | $1.3B | 10,001 | 1,639 |
| The Bellevue Hospital | 1917 | $50.0M | 400 | 16 |
| Steward Health Care | 2010 | $8.0B | 40,000 | - |
| Medisys Health Network | 1995 | $10.0M | 10,000 | 4 |
| MPRO | 1984 | $50.0M | 100 | 1 |
| Health Information Associates | 1992 | $15.2M | 60 | 5 |
| Sutter Health | 1865 | $10.0B | 55,000 | 2,175 |
| Care New England Health System | 1996 | $1.0B | 8,000 | 635 |
NYC Health + Hospitals history FAQs
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NYC Health + Hospitals may also be known as or be related to NYC Health + Hospitals, New York City Health and Hospitals Corporation, New York Health and Hospitals Corporation and Nyc Health And Hospitals Corporation.