Authorizes the dormitory authority to provide financing to SB Clinical Practice Management Plan, Inc. for the construction of facilities

◆ The sponsor's argument

Why Anthony H. Palumbo says this is needed

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 house multiple specialities under one roof improving patient care and convenience. SNBM seeks to build additional ASCs across the region, particularly 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.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.