New financial report says Nassau University Medical Center could run out of money by April
The new financial report by Manhattan-based Alvarez & Marsal says that NuHealth, the public benefit corporation that runs the East Meadow hospital, has about $19 million of cash on hand, and it could have a negative balance of $4 million by the end of April.
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A new report says Nassau University Medical Center could run out of money by April.
The new financial report by Manhattan-based Alvarez & Marsal says that NuHealth, the public benefit corporation that runs the East Meadow hospital, has about $19 million of cash on hand, and it could have a negative balance of $4 million by the end of April.
A spokesperson for NUMC’s parent company, Nassau Health Care Corporation, said the 10 days of cash on hand reported is inaccurate.
As for the report as a whole, he says that "the hospital is experiencing a shortfall, and if the state of New York does not restore some measure of the aid that it cut, it could put the hospital in jeopardy."
