Another bankrupt Brooklyn hospital (Modern Healthcare / Crain’s New York)

December 3, 2012 – Crushed by long-term debt and expenses that far outstrip revenue, Interfaith Medical Center will file for bankruptcy this week, making the Brooklyn facility the 11th city hospital or health system since 2005 to go belly up.
Behind that grim statistic is a common story: New York City hospitals on the financial ropes can no longer count on a bailout from Albany. For years, the state helped community hospitals struggling with low reimbursements because their poverty-level patients were either underinsured or uninsured. But the recession and a shift from inpatient care ended the handouts.


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