Another episode in NUMC's continuing struggle
Photo credit: Nicole Bartoline | The Nassau University Medical Center is located at 2201 Hempstead Turnpike. (March 12, 2012)
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Nassau University Medical Center's request to Albany for help demonstrates the hospital's continuing struggle to maintain a firm fiscal footing.
The East Meadow hospital, pummeled by reduced Medicaid reimbursements and rapidly growing pension costs, wants state approval to have the Nassau Interim Finance Authority refinance $300 million in hospital debt.
The idea is to use NIFA to allow...
NIFA's vote on Nassau 2012 budget