NYU Langone is making more money from rising emergency room visits and hospital discharges as downtown residents prepare for its neighboring Beth Israel Hospital’s potential closure.
The Midtown East-based health system brought in $3.7 billion during the first quarter of its 2025 fiscal year, up nearly 12% from the same time last year, according to a financial statement released Tuesday. NYU ended its first quarter, which spans from September to November, with $151 million in profits and a 4% operating margin.
Most of NYU’s revenue came from patient services. The health system increased its patient revenue by 12% year-over-year to $2.8 billion, the financial statement shows. Hospital management attributed the growth to rising discharges, more outpatient surgeries and an 8% bump in emergency room visits, said hospital spokesman Steve Ritea.
NYU Langone’s flagship facility is one of the few medical centers in Lower Manhattan that’s expected to absorb patients amid the pending closure of Beth Israel Hospital. Mount Sinai has been trying to close Beth Israel for at least a year and a half, but a lawsuit filed by community members who want to keep the hospital open has delayed the process for months.
NYU, along with New York City Health + Hospitals/Bellevue and Northwell’s Lenox Health Greenwich Village, is expected to take in the bulk of patients with acute injuries and emergency room visits. Its main hospital has already started to see the impacts; emergency department visits increased by 14% between November 2023 and 2024, and EMS arrivals doubled over the previous year, according to data shared with Crain’s.
“While respiratory season, and post-pandemic increases, have impacted all of our EDs, the planned Beth Israel closure has been a significant factor in the increase that our Manhattan ED has experienced,” Ritea said.
Rising volume is not the only factor that has contributed to NYU’s first-quarter financial performance: the hospital “continues to maintain low length of stay, which results in greater capacity,” Ritea added.
The hospital also recorded a 12% year-over-year increase in expenses during the first quarter, which totaled $3.2 billion. Salaries and benefits made up the bulk of hospital spending, but the increase in costs was offset by bumps in pharmacy sales and patient service revenue, the financial statement said.
NYU Langone has six hospital campuses, more than 300 ambulatory facilities and two medical schools in the city, Long Island and Westchester. The health system brought in $14.2 billion in revenue last year.
