Muskoka To-DAILY

Hospitals get $815,500 in one-time funding from province, but it won’t be enough to balance budget

Mark Clairmont | MuskokaTODAILY.com
MUSKOKA —
It won’t balance the books, but $815,500 from the province will help
Muskoka Algonquin Healthcare’s (MAHC) red hole.
Friday, MAHC announced that, through the North Simcoe Muskoka Local Health Integration Network (NSM LHIN), Muskoka’s two hospitals “were pleased” to receive the one-time funding for the current year that ends March 31, 2018.
“The one-time funding will help to support operating pressures and reduces MAHC’s operating shortfall for fiscal year 2017-18,” a release said.
“On behalf of the board of directors, I am delighted the Ministry of Health and Long-Term Care and the NSM LHIN have recognized our financial challenges and provided this additional funding support,” says Evelyn Brown, board chair.
“The board and the senior leadership team have been strong advocates for funding and this is wonderful news to kick off the new year with.”
However, Natalie Bubela, chief executive officer at MAHC, noted in the release that the one-time funding will not carry forward to future budgets, which does not solve continued budget challenges anticipated in future fiscal years.
She said these additional dollars are for operating only “and we continue to rely on the great work of our foundations for the millions in capital needs our sites have today.”
“This one-time funding is welcome news, but we also recognize it is not a long-term solution to our ongoing financial challenges,” added Bubela.
“Regardless of these challenges, our staff, physicians and volunteers continue to provide outstanding, patient and family-centered care and work diligently to try to reduce our costs. The board and I appreciate these efforts and their dedication to our patients and the communities we serve.”

Short URL: http://www.muskokatodaily.com/?p=29184

Posted by on Jan 12 2018. Filed under Headlines. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

You must be logged in to post a comment Login

Search Archive

Search by Date
Search by Category
Search with Google

Your Shopping Cart

Your cart is empty
Log in | Designed by Muskoka Graphics
Posts Protect Plugin by http://blog.muffs.ru