High-Profit Maternity Wards Are Keeping Hospital Doors Open
LatestHow much does it cost to have a baby? Enough to keep failing New York City hospitals afloat, according to a new report.
“A couple of years ago, obstetrics services were closing down,” said Dr. Robert Kelly, president of New York-Presbyterian Hospital. “Everyone was losing a lot, and we were, too.”
Now higher insurance payments and the City’s Medicaid program have turned the tables. In addition, there has been a rise in high-risk mothers and fragile newborns, which require more care and in turn more billings, reports Crain’s New York.