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Old 05-19-2016, 04:33 AM
 
22,243 posts, read 14,995,089 times
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Dun, dun, dun!


First it was Saint Vincent's across down and earlier Cabrini several blocks north. Could this be the slow ending of Beth Israel as a large full service hospital?


http://www.crainsnewyork.com/article...al-to-downsize
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Old 05-19-2016, 05:47 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,583 posts, read 20,805,920 times
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Originally Posted by BugsyPal View Post
Dun, dun, dun!


First it was Saint Vincent's across down and earlier Cabrini several blocks north. Could this be the slow ending of Beth Israel as a large full service hospital?


http://www.crainsnewyork.com/article...al-to-downsize
Hospitals are corporations and midtown real estate is far to valuable to be occupied by profitless enterprises. Some day there may be no hospitals South of 96th st with the one exception(maybe) of the Presbyterian complex.

They can sell all the Beth Israel real estate , consolidate and move further uptown.

In the same vein, nobody has really noticed but Fordham has virtually stopped their decades long expansion trend in the Lincoln Center area but is rabidly gobbling up real estate around the Bronx campus, something they obviously should have done years and years ago but resisted. At this point Fordham could sell their Lincoln Center area holdings, buy up 1/2 of The Bronx and build it out and still have pots and pots of cash left over for their endowment ! Columbia U has it's eyes looking North as well. Who knows, NYU might be regretting their abandonment of their original University Heights campus! Think of the zillions they are sitting on. Today most people don't even know that the Bronx Community College University Heights campus was the original home of NYU.

Enterprises such as hospitals and universities simply cannot afford to squat on top of their gold mines forever. It gets to a point where it makes no sense and that is what's happening.

Last edited by bluedog2; 05-19-2016 at 06:17 AM..
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Old 05-19-2016, 08:30 AM
 
Location: New York City
8,838 posts, read 6,718,745 times
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Hospitals are profit centers, any hospitals that can't rape and pillage the sick and diseased will not be in business for long. Any hospital that exists for treating people with care and dignity is a lost cause in today's world. Obamacare did NOTHING to fix the problem and it's actually gotten worse.

Whatever you do, don't end up in a hospital
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Old 05-19-2016, 09:04 AM
 
25,216 posts, read 18,549,075 times
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Quote:
Originally Posted by bluedog2 View Post
Hospitals are corporations and midtown real estate is far to valuable to be occupied by profitless enterprises. Some day there may be no hospitals South of 96th st with the one exception(maybe) of the Presbyterian complex.

They can sell all the Beth Israel real estate , consolidate and move further uptown.

In the same vein, nobody has really noticed but Fordham has virtually stopped their decades long expansion trend in the Lincoln Center area but is rabidly gobbling up real estate around the Bronx campus, something they obviously should have done years and years ago but resisted. At this point Fordham could sell their Lincoln Center area holdings, buy up 1/2 of The Bronx and build it out and still have pots and pots of cash left over for their endowment ! Columbia U has it's eyes looking North as well. Who knows, NYU might be regretting their abandonment of their original University Heights campus! Think of the zillions they are sitting on. Today most people don't even know that the Bronx Community College University Heights campus was the original home of NYU.

Enterprises such as hospitals and universities simply cannot afford to squat on top of their gold mines forever. It gets to a point where it makes no sense and that is what's happening.
I am 100% certain that the Presbyterian complex isn't going anywhere. It's in the wealthy Upper East Side, and if you've ever been there they list the main wealthy donors who donate to the hospital complex/Cornell University. Plus it is one stop away from the 11 acres that Bloomberg gave Cornell for the grad school of applied sciences and engineering (close enough to Midtown corporate offices). Cornell raises a lot of money for it's endowment from those two divisions.

Similarly NYU and NYU hospital are in very convenient locations that NYU can use as selling points to attract students and faculty. They merged with Polytechnic University in downtown Brooklyn, and Bloomberg sold them the old MTA headquarters for a dollar. There's no reason for them to wish they had their old Bronx campus or want to relocate there.

For emergency purposes/ambulances, you also need to be reasonable close to a hospital. If they closed ALL hospitals South of 96th Street, what happens when people have heart attacks, strokes, get cut/are bleeding, and the ambulance gets STUCK in traffic?

Notice the article isn't saying that Mt. Sinai/Roosevelt in Midtown, NYPD Downtown Hospital, Bellevue Hospital on the east side, or NYU Hospital are in trouble. It is saying Beth Israel has financial troubles had likely has to close some inpatient services.
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Old 05-19-2016, 11:39 AM
 
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Come to think of it, there are still a lot of busted up buildings that NYU could buy in the East Village/Lower East Side area.
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Old 05-19-2016, 12:45 PM
 
25,216 posts, read 18,549,075 times
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Quote:
Originally Posted by BlakeJones View Post
Hospitals are profit centers, any hospitals that can't rape and pillage the sick and diseased will not be in business for long. Any hospital that exists for treating people with care and dignity is a lost cause in today's world. Obamacare did NOTHING to fix the problem and it's actually gotten worse.

Whatever you do, don't end up in a hospital
Take care of yourself and you reduce the chance you need to go to a hospital. But if you do need to go, it's better to go early as opposed to later (when the problem is worse and harder to fix). Access to quality medical care is the difference between life and death.

With that said of course hospital workers aren't volunteers. They have living expenses and need money. The hospital has to buy supplies and other expenses. Of course the hospital has to make money.
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Old 05-19-2016, 12:52 PM
 
Location: New York City
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Originally Posted by NyWriterdude View Post
Of course the hospital has to make money.
Surely you jest. Hospitals should be non-profits
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Old 05-19-2016, 01:08 PM
 
25,216 posts, read 18,549,075 times
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Originally Posted by BlakeJones View Post
Surely you jest. Hospitals should be non-profits
Non profits make money as well. They just get much better tax breaks.

Surely you just. Hospitals HAVE to MAKE money.
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Old 05-19-2016, 01:11 PM
 
Location: New York City
8,838 posts, read 6,718,745 times
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Originally Posted by NyWriterdude View Post
Surely you just. Hospitals HAVE to MAKE money.
When that's the case, we get the broken system we have today. All hospitals should be non-profits by law.
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Old 05-19-2016, 01:18 PM
 
4,176 posts, read 5,582,617 times
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Quote:
Originally Posted by BlakeJones View Post
When that's the case, we get the broken system we have today. All hospitals should be non-profits by law.
Non-profits can make money and be in the black at the end of the year. The difference is the profits are reinvested into the business and used to make upgrades to the business instead of shared by the owners and employees as bonus, etc.

However, it does seem non-profits take steps (and intentionally **** away cash) to minimize profit at the end of the year, which helps maintain their non-profit status.
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