New York State Healthcare Systems
To understand the healthcare network in New York with a specific focus the following systems: Northwell Health, NY Langone Health, Hackensack UMC, Mount Sinai, NYU, and New York Presbyterian. The required information will include the recent happenings in the space, recent investments, as well as market share data for the aforementioned companies.
- Northwell Health is regarded as the largest health care provider in New York. It has about 700 outpatient facilities and is affiliated with about 13,600 physicians. It cares for more than two million people each year and employs 68,000 people, including 16,000-plus nurses and 4,000 employed doctors.
- It is the 11th largest not-for-profit healthcare system in the United States and the 16th largest overall. In its service area of 8 million people, Northwell Health had a 29.9% market share in the inpatient category in 2018.
- Northwell Health has pledged to make investments worth $138 million in capital improvements as well as retain 6,800 jobs in New York as part of the condition for it to participate in New York's ReCharge NY Program. The program seeks to provide low-cost, clean hydroelectric energy for participating companies.
- $95 million of the investments mentioned above will go towards five facilities in Long Island, while $43 million is earmarked for upgrades in four New York City facilities.
- Northwell Health recently launched an app described as an "Uber for blood tests." The app, LabFly, "lets patients schedule blood draws at home or their workplace and has been rolled out in Brooklyn, Long Island, Manhattan, and Staten Island and later in the Bronx and other surrounding NYC metro areas."
- Since February 2019, Northwell Health has made significant investments in lab testing facilities, including opening a "$59 million 101,000 square-foot core lab in Nassau County and a $47 million, 36,000 square-foot microbiology lab in Queens."
- The $47.7 million microbiology lab in Queens is a shared lab with NYC Health + Hospitals as part of their Clinical Laboratory of New York (CLNY) Alliance formed in 2014. The lab is expected to save the two companies northwards of $20 million per year.
- Northwell Health is one of the recipients of a five-year grant which a mission to "reduce avoidable hospital admissions by 25 percent statewide." 2020 is the final year of the grant and "current trends show all statewide grant participants are on track to collectively reduce readmissions by 33 percent and see a 25 percent drop in ER visits."
- In 2018, Northwell Health invested $500K in Playback Health, Inc., a product created to facilitate better communications between patients and physicians.
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