The grant money comes from the state’s Healthcare Efficiency and Affordability Law for New Yorkers Capital Grant Program, which is intended to help healthcare providers implement initiatives recommended by the Berger Commission, according to the report. The Berger Commission, formally known as the Commission on Health Care Facilities in the 21st Century, recommended that St. Joseph’s and Arnot Ogden explore a partnership in order to provide more efficient, high quality care to Elmira-area residents.
The two hospitals signed a letter of intent to explore a merger in August.
St. Joseph’s and Arnot Ogden explored a similar partnership in 2007, shortly after the Berger commission issued its recommendations, but eventually determined they could not move forward with a partnership at that time.
The grant funding is expected to be used to reduce debt, begin capital projects and IT initiatives as well as transition costs, according to the report.
Read the Star Gazette report on the St. Joseph’s and Arnot Ogden merger.
Read more coverage on the St. Joseph’s and Arnot Ogden merger:
– New York’s St. Joseph’s and Arnot Ogden to Merge
– St. Joseph’s Hospital, Guthrie Healthcare Call Off Merger
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.