Nassau University Medical Center (NUMC) received $109.6 million in state funding from the state.
The funding includes $82.1 million awarded through the New York State Department of Health’s Vital Access Provider Assurance Program (VAPAP) for State Fiscal Year 2025–2026 (April 2025 through March 2026), as well as $27.5 million through an Inter-Governmental Transfer (IGT) associated with enhanced Federal Medical Assistance Percentage (FMAP) funding tied to the COVID-19 public health emergency.
Of the VAPAP award, $25 million was received in August 2025, with the remaining $57.1 million anticipated in the first quarter of 2026. The $57.1 million, along with the $27.5 million IGT funding, was not reflected in NUMC’s previously approved budget. As a result, the combined funding will reduce the hospital’s projected 2026 operating loss from $167.1 million to $82.5 million.
This investment builds on a year of decisive action under the direction of NUMC’s new Board — and now, with Tom Stokes stepping into the CEO role, the hospital is positioned to accelerate that momentum. In just his first days, Stokes has identified major opportunities to strengthen performance, while efforts to tighten financial oversight, contain costs, and improve revenue and operational efficiency continue to take hold.
“I am deeply committed to restoring and strengthening this hospital for the patients and communities who depend on us,” Stokes said. “Governor Hochul’s support affirms that our work is headed in the right direction. With this critical investment, we can continue building a stronger, more stable future for NUMC — one that delivers the quality, access, and accountability our residents deserve.”
Stuart Rabinowitz, Chair of the Nassau Health Care Corporation Board, added, “This funding acknowledges the difficult but necessary reforms underway and provides the financial runway needed to continue stabilizing operations, improving care delivery, and positioning the hospital for long-term sustainability.”
“This funding marks an important step forward for NHCC and reflects growing confidence in the direction of its leadership,” said Richard Kessel, Chairman and Director at the Nassau Interim Finance Authority (NIFA). “We look forward to continued collaboration in supporting NHCC’s financial stability and ensuring that public resources are managed effectively.”