New York Medical Alliance

The New York Medical Alliance (NYMA), a 600-physician association, provides all health services for The North Bronx Healthcare Network (Bronx Network) through a professional services contract.  The Bronx Network, which is under the umbrella of NYC’s Health and Hospital Corporation (Bronx Network/HHC), is comprised of two hospitals, Jacobi Medical Center and North Central Bronx Hospital.

IHC was engaged by NYMA to assist with bringing about long-term financial stability through direct management and a combination of (re)negotiation and restructuring of NYMA operations. 

IHC has assisted NYMA with conducting an initial assessment and supporting negotiations with Bronx Network/HHC.  We helped NYMA secure $2MM in additional funding for 2006 and receive a one-time accelerated payment of $1MM to support OB/GYN.  Based on this initial, highly successful collaboration, IHC is now assisting with creating a permanent financial solution through the provision of the following services to NYMA.

• Negotiation of a one-time adjustment to the 2006 contract with the Bronx Network and Bronx Network/HHC to reduce the current cash loss; and,

• Development and implementation of a business strategy that returns NYMA to profitability—through a combination internal operations improvement (productivity enhancements and cost reductions) and external funding via (re)negotiation of a realistic contract with Bronx Network/HHC.