NYU Langone Health settled its suit against Turner Construction in March for unrecovered business interruption losses from the 2012 storm, according to financial documents published Jan. 23. NYU Langone filed the lawsuit in 2015.
NYU Langone had also filed a lawsuit in 2014 against its then-commercial insurer, Factory Mutual Insurance Co., according to the report. That suit ended after a federal appellate court dismissed the health system’s claims.
NYU Langone reported $686.2 million in operating income for the year ended Aug. 31, an 11% increase from the $619.2 million it reported in the previous year.
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.
