New York's St. Mary's Hospitals to Become Completely Outpatient by 2023
"We want to reduce the duplication of services," said Norman E. Dascher Jr., CEO of Samaritan and St. Mary's. "It just doesn't make sense anymore to have two hospitals doing exactly the same thing."
The cost of updating the aging facilities is so significant that the transition is expected to take up to a decade. St. Mary's will continue to operate as an acute-care hospital with a full emergency department until 2023, when Samaritan will be ready to handle all the city's inpatient care and 70,000 annual ER visits.
St. Mary's evolution toward an outpatient center will start immediately with $8 million in updates.
Related Articles on Transactions & Valuation:
10 Characteristics That Increase Surgery Center Risk
New Jersey's Malo Health and Wellness to Open Four-OR Surgery Center
Ohio's The Hand Center Receives Accreditation
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
- The shift from grouper to APC reimbursement: Advice for ASCs and HOPDs
- International Association of HealthCare Professionals adds Dr. Robert Reveille: 3 things to know
- Diagnostic colonoscopy cost in Australia, South Africa, US & more: 7 notes
- Propofol as effective as traditional anesthesia in GI/endoscopy procedures: 4 key insights
- Bothwell Regional Health Center adds Dr. Jared Engles: 3 things to know