Montefiore Medical Center may buy New York Westchester Square Medical Center
Montefiore Medical Center is anticipated to acquire bankrupt New York Westchester Square Medical Center when the Bronx community hospital puts itself on the auction block next month for $14 million.
The hospital will be in bankruptcy court to ask a judge to approve the proposed auction. The hospital filed a notice with state Department of Labor that it will lay off 586 unionized workers by the end of March.
The company Montefiore plans to make job offers to hundreds of union members. The Bronx community hospital has been fighting for its life since the state’s Berger commission mandated its closure slated for December 2008 but delayed by a law suit and a bankruptcy filing six years ago.
Now the hospital wants to close on the sale by March 31 to avoid the liquidity crisis that could cause it to shutter for good. Westchester Square Hospitals real estate assets recently were appraised at about $12.9 million.
Montefiore is willing to bid $14 million using a $20 million state grant to fund the buy. As a condition of the sale to Montefiore, Westchester Square will either close all inpatient services at the 140-bed hospital. It will reconfigure as an ambulatory care unit with an urgent care center, outpatient surgical facilities and comprehensive primary care services.
Montefiore’s primary care services will use the patient-centered medical home model, which focuses on preventing and coordinating care among the patient’s doctors. The executives of the hospital were budgeting for an estimated cash flow of $9 million. The cumulative operating losses at the hospital hit nearly $15 million since it filed for bankruptcy, as per the union’s court documents. Montefiore Medical Center is the university hospital for Albert Einstein College of Medicine. The hospital is named for Moses Montefiore and is one of the 50 largest employers in New York state.
Dexcom: changing the lives of people with type 1 diabetes
It is estimated that 9.3% of adults around the world are living with type 1 diabetes, which amounts to a total of 463 million people. A further 1.1 million children and adolescents under the age of 20 are living with the condition.
Unlike the more prevalent type 2 diabetes, where the body still produces insulin and symptoms develop slowly, people with type 1 diabetes need regular insulin injections or pumps, and must monitor their sugar levels frequently.
In recent years a number of remote glucose monitoring systems have become available that patients can use at home. These work with a sensor, usually placed under the skin, that measures glucose levels every few minutes. This information is then transmitted wirelessly to a device like a smartphone or tablet, which can then be shared with their clinician.
British actress Nina Wadia's son Aidan, 14, has type 1 diabetes, and has been managing his condition using Dexcom, a glucose monitoring system used by patients all over the world. Here Wadia explains how Dexcom has improved their lives.
As a parent of someone with type 1 diabetes, what is your day-to-day life like?
Being able to take a breath, think and pivot constantly without getting frustrated becomes an essential mindset because sometimes it feels like each day is determined to be different from the day before. Whatever worked yesterday is going to misfire today.
Which areas of yours and Aidan’s life are most impacted by diabetes?
The one thing that you have to fight hard to reclaim is spontaneity, especially when it comes to food and exercise. It’s only when this is taken do you realise how essential each one is. You can be flexible and there are no real limits, but only in the sense that a great athlete can be flexible without limits because they’ve trained super hard to be that way. So we’ve all had to become athletes when it comes to being spontaneous.
How has Dexcom helped you and Aidan?
Dexcom has brought future science fiction to real life today. The continuous glucose monitoring system is tiny, sits discreetly on his body and gives him a ten-day breather between sensor changes, so it's goodbye finger-pricking seven times daily.
Dexcom is totally active at a grass roots level and for Diabetes Awareness has pledged to donate £2,000 if #DexcomDiabetesStories and/or #DexcomWarriorStories is shared 200 times! I’ll be sharing more on social media and would love to hear how other families are winning their fights.
Maybe most importantly Dexcom is trying to introduce a reimbursement programme for type 1 diabetes patients which will give greater access to modern, life changing hi-tech. I want to spread the word on the importance of accessing it through this campaign.
If you compared your life today with how it was before Aidan was using Dexcom, what has changed?
It's always working, which lets him take his mind off diabetes for longer stretches. It also lets me get off his back. We both receive alerts so I no longer have to pester him by asking him what his number is, and especially importantly, I don’t have to wake him at night to prick his finger if I’m worried. Dexcom gave us back our sleep!