Royal Victoria Regional Health Centre’s Board of Directors has approved the health centre’s ninth consecutive balanced budget.
The 2018-2019 budget maintains current levels of access to care, preserves bed capacity and protects staffing levels. It also enables the health centre to continue investing in vital regional services, such as advanced cardiac care, child and youth mental health and kidney care services.
The provincial government recently invested almost $14 million in additional ongoing and one-time funding enabling RVH to balance its $362 million budget. The funding injection reflects RVH’s surging volumes which saw occupancy rates consistently over 120 per cent this past winter.
“Ontario hospitals are under immense and growing pressure as the cost of drugs, supplies, energy and compensation continues to increase,” says Janice Skot, RVH president and CEO. “It’s important that we always evaluate how we do business, so we can continue to maximize revenue opportunities and find savings through efficiencies. Team RVH leaves no stone unturned to find those efficiencies while at the same time stays committed to delivering safe, high-quality care.”