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In what way? I was thinking it was a good move for the Sinai system. Is the difference of one ED - with the proliferation of urgent care centers over the past few years - really going to squeeze NYC's emergency care providers?
When St Vincent's closed in 2010, it definitely put a strain on the rest of the down town hospitals. That particular change probably affected the outpatient world more than the EDs (in particular, St Vincent's HIV program was a very important part of the HIV infrastructure of NYC), but it was definitely something that ERs felt at the time.
In 2012 when NYU and Bellevue temporarily closed their ERs in the aftermath of Hurricane Sandy, it was full on disaster mode until they re-opened. Even afterwards, repercussions were felt for quite a while. Those two closing drastically transformed the landscape for hospitals quite far away. Patients in hallways went from being a sometimes thing to a permanent thing. In my hospital we had to open a new inpatient ward, literally in the lobby of the hospital. That remained the case for months, and even continued after those EDs re-opened.
NYC's infrastructure isn't very flexible to sudden changes. It's almost impossible to build a new hospital. Even additions to existing ones take decades. So yes, a hospital closing could have very tangible effects on ED operations in the city.