Plan to bring financial stability to NYC Health + Hospitals unveiled

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NYC Health + Hospitals President CEO Ram Raju, MD, has unveiled his plan for bringing financial stability to the distressed public hospital system, according to a Crain's New York Business report.

The plan includes 16 initiatives, and progress has already been made in some of the areas, Dr. Raju said during a speech at John Jay College in Manhattan on Monday. The initiatives include expanding the health system's outpatient services and increasing membership in its MetroPlus Health Plan. Dr. Raju said patient satisfaction scores are his top priority, as those scores can affect reimbursement rates, according to the report.

For the plan to be successful, Dr. Raju said he will need buy-in from hospital leaders, board members and labor representatives.

"Frankly, wrapping our heads around accomplishing this will involve a level of strategic thinking that is very new to us," said Dr. Raju during his speech.

NYC Health + Hospitals has faced financial troubles in recent years. The health system ended fiscal year 2015 with a $58.1 million loss, according to the report.

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