Mount Sinai makes bold $500 million 'Mt. Sinai Downtown' modernization
Network will upgrade facilities to embrace a new model of care that is more efficient and strengthen its focus on populations health and research.
Calling it a dramatic step toward a new model of care that continues to employ technology and stays focused on keeping populations healthy and out of hospitals, Mount Sinai unveiled a $500 million effort to create Mount Sinai Downtown.
Mount Sinai executives describe the project as an expanded and unified network comprising state-of-the-art facilities stretching from the East River to the Hudson River below 34th Street.
They point out that much of the existing Beth Israel infrastructure is aging and unable to meet the needs of the modern healthcare landscape. On average, less than 60 percent of the hospital's licensed beds are occupied and patient volume at the financially troubled hospital has decreased by double digits since 2012.
The Mount Sinai Downtown network will also include a new, smaller Mount Sinai Downtown Beth Israel Hospital with approximately 70 beds and a new state-of-the-art emergency department, two blocks from the existing Mount Sinai Beth Israel hospital; expanded and renovated outpatient facilities at three major sites with more than 35 operating and procedure rooms; and 16 physician practice locations with more than 600 doctors.
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The transformation will also include a major investment to support and strengthen behavioral health services, anchored at MSBI's Bernstein Pavilion. New York Eye and Ear Infirmary of Mount Sinai will be preserved and enhanced.
The plan calls for modernizing MSBI gradually over four years. The current MSBI hospital will remain open during this transformation, and services will be uninterrupted, officials said.
Dennis Charney, MD, dean of the Icahn School of Medicine at Mount Sinai said in a statment that Mt. Sinai Downtown will enable the network "to deliver tomorrow's medicine today," including research conducted by the Icahn School of Medicine into genomics and digital medicine for personalized treatments.
"Mount Sinai Downtown is a dramatic next step that will enable us to improve access and increase quality by providing care for residents of downtown Manhattan where they live and work," added Mount Sinai CEO Kenneth Davis, MD.
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