2018-19 Budget

MAHC is fortunate to be receiving a $2.5 million increase in funding in 2018-19 in response to continued advocacy for additional financial support, which will help alleviate cost pressures and reduce the 2018-19 operating gap.  The 2018-19 budget absorbs the previous year's costs that automatically carry over into the next fiscal year, plus increased expenses relating to Bill 148, occupancy rates, contractual wage and benefit increases, and maintenance costs to support two aging buildings.  We thank the North Simcoe Muskoka Local Health Integration Network and Ministry of Health and Long-Term Care for this support.

As a result, the Board of Directors has approved an $82 million operating budget with $79.5 million in anticipated revenues for 2018-19 that without additional financial support projects a $2.5 million deficit.

The 2018-19 operating plan maintains existing programs and services despite growing financial pressures.  Because of fiscal constraints at this time, MAHC is not able to invest in service improvements that would enhance quality of care and reduce wait times for patients. MAHC will continue to look at everything we do to ensure we are being good financial stewards while continuing to ensure safe, high-quality care.  However, further cost savings will be difficult to achieve while maintaining safe, high-quality care without significant changes to access to care.

Administration and the Board of Directors are committed to continue to advocate for a long-term solution to funding challenges.