Muskoka Algonquin Healthcare (MAHC), through the North Simcoe Muskoka Local Health Integration Network (NSM LHIN), is pleased to announce up to $815,500 in one-time funding for MAHC’s 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.
“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.”
Natalie Bubela, Chief Executive Officer at MAHC, notes the one-time funding will not carry forward to future budgets, which does not solve continued budget challenges anticipated in future fiscal years. As well, 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, adds Bubela.
“This one-time funding is welcome news, but we also recognize it is not a long-term solution to our ongoing financial challenges,” says 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.”
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