NYC’s Beth Israel Hospital to Close in July After Years of Losses
- Manhattan facility lost more than $1 billion over past decade
- Hospitals grappling with higher costs and more outpatients
The emergency entrance at Mt. Sinai-Beth Israel Hospital.
Photographer: John Lamparski/SOPA Images/LightRocket/Getty ImagesMount Sinai Medical Center has set the closing of its Beth Israel campus for July 12 following years of financial struggles.
Hospitals are cutting both services and jobs as they work to revive finances pummeled by higher labor costs and lower revenues in the aftermath of the pandemic. They’re also working to address a shift to outpatient care, and Mount Sinai is investing more in off-site facilities.