Long Island College Hospital Seeks to Cut Ties with Parent Company

By Anna Boyd
15:45, September 19th 2008
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Medical staff at Long Island College Hospital, in the Cobble Hill neighborhood, announced their intention to sever ties with the facility’s parent company, Continuum Health Partners.

The decision was made after Continuum Health Partners said it would shut down maternity services and sell off properties owned by Long Island College Hospital in order to save millions of dollars in debt and avoid bankruptcy. But some doctors at the hospital accuse Continuum of purging resources to support its larger medical centers in Manhattan.

Consequently, the doctors filed a plan with the state’s Department of Health that would cut operating deficit by $20 million each year. They projected their plan could boost the hospital's operating revenue to $337.6 million next year, up from $321 million this year. Their plan also includes maintaining maternal care intact and preventing sales of more buildings.

“We feel we could maintain ourselves independently for a period of time certainly. Our plan would be to affiliate as a partner rather than as a captive agent with another institution for providing certain services we’re unable to provide,” Dr. Arnold Licht, the president of LICH medical staff, said.

The proposal also calls for appointing a new board of directors and improving the hospital’s billing and collections operations.

Continuum declined to comment over the Long Island’s proposal. However, a spokesperson called the medical staff plan “wishful thinking” and its own proposal “financially realistic.”

 

 

 



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