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Fiscal Crisis.pdf

critical-condition-reviving-the-fiscal-health-of-the-citys-public-hospitals-will-take-state-federal-and-union-cooperation-june-2016.pdf
Preview of Fiscal Crisis
🔗 Source: ibo.nyc.ny.us
📊 Size: 2.44 MB
📄 Pages: 5 pages
⬇️ Downloads: 120

Summary

New York City's public hospital system, NYC Health + Hospitals, faces a projected cash shortfall of $6.1 billion over 2016-2020 due to declining revenues and rising expenses. Despite increased city support of $2.4 billion in 2016, the system's financial stability depends on federal and state approval of $3.0 billion in aid and successful implementation of a "Transformation Plan" to reduce costs and increase revenues. The plan's success is uncertain and requires cooperation from labor unions, state, and federal governments.

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Description

New York City's public hospital system, NYC Health + Hospitals, faces a projected cash shortfall of $6.1 billion over 2016-2020 due to declining revenues and...

Technical Information

  • File Format: PDF
  • File Size: 2.44 MB
  • Pages: 5
  • Language: EN
  • Total Downloads: 120
  • Last Updated: 1 week ago

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