The system wants to raise the money over the next five years for such improvements as the expansion North Shore University Hospital and Southside Hospital, according to the report. It would also use the money to establish initiatives in Manhattan and Long Island.
Brian Lally, the system’s senior vice president and chief development officer, told Newsday Northwell has raised $460 million since the system’s inception of a $1 billion fundraising campaign in 2016. The $530 million campaign is part of that overall fundraising effort.
The $460 million was used for improvements and new buildings, including the $46 million Imbert Cancer Center, which opened in 2016 in Bay Shore, N.Y., according to the report.
As part of the new $530 million fundraising goal, Northwell Health plans to build a surgical pavilion in Manhasset, and a five-story employee parking garage and a pavilion for private patient rooms in Bay Shore, Newsday reported. It also hopes to add an operating suite at Cohen Children’s Medical Center in New Hyde Park.
More articles on healthcare finance:
Complex Massachusetts insurance reimbursement system hikes costs, impedes price transparency, report finds
10 hospitals seeking CFOs
RCM tip of the day: Invest in people
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
