Cypress Health Board approves balanced operating budget
The Cypress Regional Health Authority (CRHA) has approved the operating budget for the 2016/17 fiscal year.
The approval was made during the Authority’s regular monthly board meeting on July 21.
The approved budget totals $142.8 million and includes a balance between budgeted revenues and expenses. The region continues to focus on delivering safe, high quality health services through the broad range of health programs and services available.
“We are committed to providing high quality care and continuing our work towards meeting the targets and priorities of the province,” said Lyle Quintin, CRHA Chairperson. “These include emergency department wait times and patient flow, mental health and addictions access, and seniors care. Our board also recognizes that all health regions must work together to ensure the long-term sustainability of the health system and we take seriously the responsibility of the dollars entrusted to us.”
Beth Vachon, CEO for Cypress Health, emphasized the region’s commitment to putting the patient first while also balancing each year’s budget. “Our focus is to ensure the safety of patients and staff while putting the needs of our patients at the forefront of everything we do. As a region we are continually striving towards our vision of being leaders in rural health excellence and having a balanced budget each year is an important step towards the achievement of that vision.”
The ‘16-17 budget equates to an increase of $6.7 million, or 4.93% percent, over the previous ‘15/16 fiscal year. The increase is to primarily compensate for increases in previously negotiated collective bargaining agreements and for increased staffing levels at The Meadows facility.
In its budget announcement on June 1, 2016, the Government of Saskatchewan announced a $7.5 million reduction in healthcare administration to be re-invested into frontline staff levels for long term care. Cypress Health’s share of this reduction was $438,000 which has been met through decreased administration travel and the reduction of one vice president and one out of scope manager.
In total, provincial funding will account for 91.6 percent of the region’s operating revenue. Remaining revenue is received through long term care and home care fees, third party charges, and other recoveries. The region will spend 81 percent of its overall budget on medical services compensation and the salaries and benefits of its 1,875 employees. The largest categories of expenditures consist of inpatient and resident services 62%, community health services 16%, and support services 22%.
via SW Sask News – Prairie Post – Prairie Post http://ift.tt/2a1D3ss