State investing a total of $1.5 billion to fund 162 projects statewide
Critical projects will improve patient care and make facilities more sustainable in the long term
Governor Andrew M. Cuomo today announced $230.5 million in grant awards for 15 projects that will dramatically transform and improve the delivery of health care in the Mid-Hudson region. This funding is a portion of a $1.5 billion commitment made by New York State to help health care providers statewide fund critical capital and infrastructure improvements, as well as integrate and further develop health systems.
“We have a responsibility to continue to make critical capital and infrastructure improvements that transform our health care system into one of sustainability with a deep focus on improving patient care and delivery of vital services.” Governor Cuomo said.“This funding allows them to do just that and is yet another example of how New York is leading the nation in adapting to meet 21stcentury health care needs.”
The awards are being made through the Capital Restructuring Financing Program and Essential Health Care Provider Support Program. Both were created by Governor Cuomo to support the goals of the Delivery System Reform Incentive Program (DSRIP), the main mechanism for investing the $7.3 billion in Medicaid savings that resulted from the groundbreaking waiver between New York and the federal government in 2014.
The goals of DSRIP include reducing health care costs, improving the health of New Yorkers, reducing avoidable hospital admissions and emergency room visits by 25 percent by 2020, and ensuring the financial sustainability of safety net health care providers.
