"Mount Sinai Explains Strategy Behind Beth Israel Revamp"
Mount Sinai's plan to relocate and dramatically reduce the size of Beth Israel is critical to reversing the hundreds of millions in losses the hospital has accumulated in recent years, according to interviews with health system officials and its certificate-of-need application to the state Department of Health. Mount Sinai on Monday filed the application to begin a four-year, $1 billion reconfiguring of its downtown operations. "The only path is to rebuild the hospital," said Jeremy Boal, MD, executive vice president and chief medical officer of the Mount Sinai Health System. He added, “The current campus is a huge, outdated facility with a massive amount of fixed costs. The infrastructure is past its prime. We're continuing to build out the ambulatory network associated with the hospital because that's where so much of the future is." According to Sabina Lim, MD, MPH, professor of psychiatry at the Icahn School of Medicine at Mount Sinai and vice president and chief of strategy for behavioral health at Mount Sinai Health System, "We're creating a full-thickness continuum of care within one location."
— Jeremy Boal, MD, Professor, Population Health Science and Policy, Icahn School of Medicine at Mount Sinai, Executive Vice President, Chief Medical Officer, Mount Sinai Health System
— Sabina Lim, MD, MPH, Professor, Psychiatry, Icahn School of Medicine at Mount Sinai, Vice President, Chief of Strategy, Behavioral Health, Mount Sinai Health System
Additional coverage: Becker's Hospital Review; Law 360