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AGENCY TESTIMONY
Dr. Mitch Katz presents NYC Health + Hospitals' fiscal performance and achievements
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4 min
Dr. Mitch Katz, President and CEO of NYC Health + Hospitals, presents the organization's fiscal performance and recent achievements to the City Council. He highlights significant advancements in healthcare services, financial stability, and community outreach programs.
- H+H hired over 3,000 union nurses and reduced reliance on agency nurses
- The organization reported a positive net budget variance of $134 million and 18 days of cash on hand
- Key achievements include connecting patients to housing, expanding mental health services, and earning LGBTQ+ healthcare equity leader designations
Dr. Mitch Katz
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Good afternoon, chair.
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Always so happy to see that the chairperson for the committee of hospitals is a nurse who knows better about hospitals than nurses.
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And welcome the other members as well.
0:06:14
I'm Doctor.
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Mitch Katz.
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I'm a primary care physician and the proud president and CEO of New York City Health and Hospitals.
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I'm joined by James Cassidy, our financial officer from Health and Hospitals and Doctor.
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Patsy Yang who is our, senior vice president over, Correctional Health Services.
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Pleased to be here with you and to share our fiscal, performance.
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As you know, we're the largest municipal health system in the country serving over a million persons each year.
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And we are very proud of the fact that we care for all of New York City without exceptions.
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We offer all our services including gender affirming care, abortion services, and the support that our immigrant communities need.
0:07:06
Over the past year, we have made significant advancements that I wanted to highlight for the committee.
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I know Chair Nassiz will be particularly happy to know we've hired over 3,000 union nurses.
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And now we are using agency nurses only for what agency registry nurses are meant for which is unexpected absences, and leaves.
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We've connected three seventy five patients to permanent housing, through our Housing for Health program.
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We've provided short term housing and access to medical care to two ninety patients through our medical respite program, broken ground on the new Gotham Clinic in Far Rockaway.
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We completed construction of the Bellevue Outposted Units For Correctional Health, which the chair has already spoken to the value of that.
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We've earned $6,100,000 in Medicare shared savings.
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We've completed the expansion of the lifestyle medicine program.
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We have seven sites system wide.
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We, begun opening 16 school based mental health clinics to cover 6,000 students.
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We completed the floodwall at Metropolitan Hospital.
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We opened up 20 wellness rooms.
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All our facilities earned the LGBTQ plus healthcare equity leader designation.
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New York City Care celebrated its fifth year anniversary with over 140,000 members.
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And New York's out, it's that on Island New York City Hospital Seaview was again ranked as the number one nursing home in New York City by Newsweek.
0:08:55
We continue to do, I think, admirable job of bringing in revenue and spending all of that money on the needs of our patients.
0:09:05
So we closed the first half of fiscal year twenty five with a positive net budget variance of $134,000,000 which is about one percent.
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Our January closing in cash was nearly $500,000,000 which is eighteen days of cash on hand.
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As we look at our preliminary financial plan going forward, our overall fiscal picture remains stable.
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Our fiscal year twenty twenty six preliminary cash plan is largely consistent with our recent performance.
0:09:41
We're currently projecting an operating gain of $111,000,000 which is 1% positive followed by an operating gain of $213,000,000 When we look to the longer outcome, we are well positioned, but we're also aware of a number of storm clouds that are on the horizon, potential federal cuts to the Medicaid disproportionate share hospital program and other general programs with Medicaid.
0:10:15
We look forward to working with our wonderful city council or mayor, our state and federal leaders to try to make sure that we always have enough dollars to be able to provide, the services, that New York City, needs.
0:10:38
So, we very much appreciate the support that this committee and the city council in general has always, provided to us and we look forward, to your questions and recommendations.
0:10:50
Thank you.