New York City Mayor Eric Adams announced a plan Jan. 5 to give $111 million in funding to public hospitals and a $27 million loan to safety-net hospitals as they struggle with the COVID-19 omicron variant surge, the New York Daily News reported.
Goldman Sachs is supplying the loan, and it will be reimbursable by the Federal Emergency Management Agency, according to Dave Chokshi, MD, the city's health commissioner.
Elmhurst Hospital, one of the facilities hit hardest in the beginning of the COVID-19 pandemic, is receiving additional funding from the $111 million plan, according to the report.
The $27 million loan will go to safety-net hospitals in underserved areas.