Brooklyn, NY – A cash-strapped hospital in Brooklyn Heights announced plans today to stop delivering babies as part of a reorganization plan designed to solve some of the hospital’s financial woes.
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Long Island College Hospital, where 2,800 babies were born last year, will shutter its obstetrics department pending approval from the state’s Department of Health, hospital officials said. The hospital also plans to sell off some of its real estate holdings and is looking to reduce its number of beds by as much as 100 beds. Currently, the hospital is licensed for 500 beds, but it operates 350.
Officials from the hospital’s parent company, Continuum Health Partners, said the Brooklyn medical center owes $170 million to creditors and made its decision in order to avoid bankruptcy.
“Our decision to take this step is not a happy one for us,” Continuum’s president and chief executive officer, Stanley Brezenoff, said at a news conference. “We are taking this approach because not to do so would leave LICH in even greater jeopardy and bring about far more adverse consequences.”
Mr. Brezenoff said obstetrics and gynecology services account for $11 million of the hospital’s total losses. Obstetrics accounts for $8.8 million in medical malpractice costs, out of $22 million overall.
WOW
Bad bad news for Williamsburgers, who use this hospital all the time
the doctors will find another hospital to use. they arent going out of business just yet.
Too many people do not have insurance on a continuous basis – they cheat the system by purchasing when they get sick or are about to give birth – pushing up cost for everyone else.
Then when they don’t go for regular checkups and have a pregnancy problem – they call a lawyer and sue. So OB/GYN insurance is through the roof. And instead of the MD making money the insurance company and Lawyers do.
It’s a loss. I gave birth there several times. How does this affect other area hospitals? Aren’t they just as cash-strapped?
Yes Anon thats true that they cant afford ins. all the time that does not mean they are cheats, its usauly the cheats themselves that are very good at finding there own problems by everybody else
Shame on you.
just remember sometime it takes to be put in somebody else’s shoes to really understand them, are you ready for that?, if not then wake up before its too late.
well, a hospital is a business. ultimatly it has to make money.
i had 2 babies there.
Anyone goes to their Dental Department,if yes what are your thoughts?
who are the large groups of OB/GYN doctors who deliver there?
Brooklyn Women’s health :Galousis,Lederman:Weinstock:Maher:Perelman:Kaylakova
dudi.. that group has moved over to methodist of this past feb.
2 of my kid’s were delivered there. It’s a shame they have come to this.