The $7.9 million is a portion of the $491 million Statewide Health Care Facility Transformation Program, which aims to expand access to inpatient care, reduce healthcare costs and improve health outcomes in the state.
New York Gov. Andrew Cuomo announced the gift on Wednesday, stating “While others seek to decimate our hospitals and reduce access to quality healthcare, we are investing to help ensure a stronger, healthier New York for all.”
The state funding comes in addition to previous donations totaling $54.9 million for the new facility and new EHR system.
The new facility will be located in Hornellsville, N.Y., and construction is scheduled to begin in the third quarter of 2017.
More articles on healthcare finance:
Children’s Hospital of LA to rename inpatient floor after donation from Panda Express
Massachusetts Gov. Charlie Barker urges lawmakers to reconsider Medicaid reform
Nasdaq, S&P see record highs thanks to healthcare, tech
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.