GRH to plan changes to continue patient care while maintaining fiscal stability
Grand River Hospital will make changes in its 2014-2015 budget year to maintain high-quality patient services while managing in a time of limited funding growth. The hospital has prudently managed its finances, having posted five consecutive balanced budgets with a sixth now being confirmed.
“While figures have yet to be finalized, we expect to have completed our 2013-2014 fiscal year with a balanced budget,” said Malcolm Maxwell, GRH president and CEO. “However, we experienced slightly lower-than-planned patient volumes last year. While we expect to see gradual growth in patient services over the next few years, we will need to ensure that staffing and expenses are carefully matched to the patients we are serving.”
GRH will spend the next several months reviewing and adjusting budget plans as further confirmation is available about funding and collective agreement settlements for the 2014-2015 year, which concludes on March 31st 2015. The hospital is making two changes in the meantime:
- GRH will discontinue four associate vice president positions and absorb their responsibilities within other clinical programs and services. The positions were established six years ago when the hospital needed additional capacity to implement a large number of change projects which are now complete.
- For the past three years, GRH has operated an additional 10 beds within its 132 beds complex continuing care service at Freeport. This funding ended at March 31, 2014. These beds provided temporary capacity while additional community programs were being established to allow patients to be discharged home sooner.
- With improvements in discharge times made during the past three years and increases in available long-term and community care, the 10 additional beds will be discontinued. GRH will continue to accept patients with these needs at the Freeport Site and will continue to work with community partners to enable appropriate transition to home with community services or long term care. All affected staff members will have other opportunities available to them within the hospital.
“The upcoming months will involve reviewing our services to seek clarity on our funding and labour costs, and study further changes that will allow us to continue to meet patients’ needs, while recognizing that funding growth will be limited,” said Mr. Maxwell.
For more information, please contact:
Mark Karjaluoto, Director of Communications
Office: (519) 749-4300 extension 2788
Pager: (519) 244-3088
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