On September 21, 2000, GNYHA will hold a symposium at the Sheraton New York Hotel to address the problems that health care providers face in obtaining access to capital. Capital formation has taken on critical importance as health care revenues have been aggressively reduced as a result of Federal and State budget cuts, deregulation of the State reimbursement system, the expansion of Medicare and Medicaid managed care, and managed care abuses. At the same time, the financial obligations of health care providers have increased because of redoubled efforts to reduce medical errors, regulatory requirements, and emerging health care treatments.

Presentations: The keynote speaker for the symposium will be The Honorable Andrew Cuomo, Secretary of the U.S. Department of Housing and Urban Development (HUD), which has, for many years, operated the Federal Housing Administration's (FHA's) hospital and nursing home mortgage insurance programs. These programs have permitted NYS health care facilities to obtain credit enhancement for capital projects that could never have been built without the availability of FHA mortgage insurance. Also speaking will be Thomas J. Murphy, Executive Director of the Dormitory Authority of the State of New York, which has also been invaluable in terms of capital formation for NYS health care facilities. The symposium will include discussions among Federal and State officials responsible for capital formation and payment policies in New York, leaders from the investment banking and mortgage banking communities, and representatives of health care institutions and other entities interested in capital formation by health care facilities.

Registration information will be mailed to GNYHA members at a future date.