Cortland Regional Medical was awarded a debt relief grant of up to $19.8 million, through the NYS Department of Health.
CEO Mark Webster told X101 that the state recognizes and supports safety net healthcare providers like Cortland Regional Medical Center (CRMC).
This funding is administered by the Health Department and the Dormitory Authority of the State of New York (DASNY) and helps to ensure the financial sustainability of safety net healthcare providers like Cortland Regional Medical Center (CRMC).
In a statement provided to X101, Denise Wrinn, CRMC’s Vice President of Finance said, “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.”
“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 sixth in all of New York State.