BILL NUMBER: S7687A
SPONSOR: PALUMBO
 
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:
To authorize SB Clinical Practice Management Plan, Inc. to be eligible
for DASNY financing and construction services.
 
SUMMARY OF PROVISIONS:
Section 1. Adds SB Clinical Practice Management Plan, Inc. to paragraph
(b) of subdivision 2 of section 1676 of the Public Authorities Law.
Section 2. Adds SB Clinical Practice management Plan, Inc. to subdivi-
sion 1 of section 1680 of the Public Authorities Law.
Section 3. Sets the effective date.
 
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 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.
 
LEGISLATIVE HISTORY:
New bill
 
FISCAL IMPLICATIONS:
None to the State
 
EFFECTIVE DATE:
Immediately

Statutes affected:
S7687: 1676 public authorities law, 1676(2) public authorities law, 1680 public authorities law, 1680(1) public authorities law
S7687A: 1676 public authorities law, 1676(2) public authorities law, 1680 public authorities law, 1680(1) public authorities law