NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A8374A
SPONSOR: Kassay TITLE OF BILL:
An act to amend the public authorities law, in relation to authorizing
the dormitory authority to provide financing to SB Clinical Practice
Management Plan, Inc. for the construction of facilities
PURPOSE OR GENERAL IDEA OF BILL::
The purpose' of this bill is to authorize SB Clinical Practice Manage-
ment Plan, Inc. to be eligible for DASNY financing services.
SUMMARY OF PROVISIONS::
Section 1. Paragraph (b) of subdivision 2 of section 1676 of the public
authorities law is amended to add SB Clinical Practice Management Plan,
Inc.
Section 2. Subdivision 1 of section 1680 of the public authorities law
is amended to add SB Clinical Practice Management Plan, Inc.
Section 3. Establishes the enacting clause.
JUSTIFICATION:
Stony Brook Medicine (SBM) is the brand encompassing Stony Brook Univer-
sity's health related initiatives, including education, research and
patient care. SBM consists of the University's five (5) health sciences
schools, four (4) hospitals, including Stony Brook University Hospital
(SBUH) over 200 clinical facilities, the Stony Brook Cancer Center, the
Stony Brook Trauma Center, community-based ambulatory healthcare and the
Long Island State Veterans Home. For clinical physicians across SBM,
Stony Brook University has several physician practice plans, including
SB Clinical Practice Management. Plan, Inc (CPMP).
CPMP is a not-for-profit corporation providing billing and management
services for 17 clinical specialties and a wide range of programs and
services supporting the health sciences school and healthcare system.
The physicians that belong to CPMP provide care across Long Island and
specifically support SBUH as the region's safety-net provider. CPMP has
developed with its own financing outside of State capital support the
construction of several clinical spaces, including Advances Specialty
Care (ASC) facilities in Commack and Lake Grove. These ASC's house
multiple specialties under one roof improving patient care and conven-
ience. SNBM seeks, to build additional ASCs across the region, partic-
ularly in underserved areas, and the financing and construction services
that could be provided through DASNY would offer improved opportunities
to access capital in the market with lower interest rates.
PRIOR LEGISLATIVE HISTORY::
New bill.
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS::.
None to the state.
EFFECTIVE DATE::
This act shall take effect immediately.
