Peninsula Hospital Gets Stabilization Grant
Peninsula Hospital Center was recently awarded a Healthcare Stabilization Grant in the amount of $750,000.00 from the New York State Department of Health. The State's health care stabilization program is authorized by the New York State Public Health Law. This initiative, supported by the Health Care Reform Act of 2000, provides financial assistance to health care providers and health care programs which are vital community health assets.
All organizations receiving the awards met certain eligibility requirements to qualify for this funding and were all required to present financial plans which demonstrated how the grant funding would provide a critical link to assure their continued viability and stability into the future. Peninsula Hospital Center submitted plans for several program enhancements designed to further serve the rapidly growing community, the hospital's inpatient and outpatient population as well as improve its performance.
`"It is vitally important for us to maintain the integrity of our public health care system and our hospital," said Robert V. Levine, President and Chief Executive Officer. "Of course, we are very pleased that our hospital was selected to receive such a significant award. Peninsula Hospital Center has long been committed to providing excellent public health care services to our community and this award will give us a further opportunity to enhance our unique clinical services."