Today, as part of the NYS Department of Health Statewide Health Care Facility
Transformation Program (SHCFTP), Cortland Regional Medical was awarded
a debt relief grant of up to $19,798,092. This funding, administered by
the Department and the Dormitory Authority of the State of New York (DASNY),
helps to ensure the financial sustainability of safety net healthcare
providers like Cortland Regional Medical Center (CRMC).
“We are grateful to the State of New York for recognizing the service
Cortland Regional provides to its community. We also would like to thank
Senator James Seward for his assistance during the application process
and his ongoing support of Cortland Regional,” said Denise Wrinn,
CRMC’s Vice President of Finance.
“This award enables us to continue offering excellent care with improved
financial stability as we move towards affiliation,” said Wrinn.
While CRMC has attracted many potential partners, the elimination of debt
via the SHCFTP grant better positions the organization to select and finalize
a strategic partnership with a larger healthcare system that will continue
to enhance local access to high quality services.
“We are deeply grateful to the State of New York for awarding us
these funds through the Statewide Health Care Facility Transformation
Program, and for investing in the future of Cortland Regional Medical
Center. These funds are critical to relieving our debt burden and to providing
the very best in healthcare to our local community for generations to
come,” said Johanna Ames, Chair of the Board of Trustees of Cortland
Regional Medical Center.
Cortland Regional was the recipient of the largest award in Central New
York, the Finger Lakes and the Southern Tier regions and the 6th in the state.
Governor Andrew Cuomo reiterated the commitment of the state to ensuring
accessible healthcare for all, “Now, more than ever, we need to
protect health care in New York and ensure the system in place is meeting
the needs of current and future generations of New Yorkers," Governor
Cuomo said, "While others seek to decimate our hospitals and reduce
access to quality healthcare, we are investing to help ensure a stronger,
healthier New York for all."