{"id":27809,"date":"2017-03-04T09:21:32","date_gmt":"2017-03-04T14:21:32","guid":{"rendered":"https:\/\/huntsville.dopperonline.ca\/?p=27809"},"modified":"2017-03-04T09:21:59","modified_gmt":"2017-03-04T14:21:59","slug":"mahc-funding-ministry-health","status":"publish","type":"post","link":"https:\/\/doppleronline.ca\/huntsville\/mahc-funding-ministry-health\/","title":{"rendered":"MAHC gets one-time injection of Ministry funds to address budget shortfall"},"content":{"rendered":"<p>Muskoka Algonquin Healthcare (MAHC), together with the North Simcoe Muskoka Local Health Integration Network (NSM LHIN), is pleased to announce that the Ministry of Health and Long-Term Care has provided MAHC with $2.3 million in one-time funding for the current year that ends March 31, 2017.<\/p>\n<div style=\"float: left; margin-right: 14px;\"><strong><broadstreet-zone zone-id=\"45658\" keywords=\"\" soft-keywords=\"true\" zone-alias=\"\"><\/broadstreet-zone><\/strong><\/div>\n<p>The one-time funding will address MAHC\u2019s operating shortfall and will be used to achieve a balanced budget for fiscal year 2016-17. Without this funding announcement, MAHC was projecting a $2.3 million operating deficit.<\/p>\n<p>\u201cOn behalf of the Board of Directors, I want to thank the Ministry for recognizing our financial challenges and the NSM LHIN for their support in helping us avoid another deficit year, and MAHC\u2019s Senior Leadership Team for their diligence in addressing our budget challenges,\u201d says Evelyn Brown, Board Chair. \u201cLast year was our first deficit year after five consecutive balanced budgets and these funds are critical to ensuring we can balance the 2016-17 budget at the end of March.\u201d<\/p>\n<p>With this announcement of one-time funding only, MAHC anticipates our budget challenges will continue next fiscal year, says Natalie Bubela, Chief Executive Officer at MAHC.<\/p>\n<p>\u201cWe are so very pleased to be receiving this one-time funding, but we also recognize it is not a long-term solution to MAHC\u2019s ongoing financial challenges,\u201d says Bubela. \u201cIn other words, the $2.3 million in operating shortfall that this one-time funding will address will continue forward in future budgets along with any other inflationary cost increases through labour, drug and supply costs, utilities, etc.\u201d<\/p>\n<p>\u201cI would also like to recognize our staff, physicians and volunteers for their dedication to patient care despite ongoing operating challenges,\u201d says Bubela. \u201cWe have all worked very hard to try to reduce our costs and I want to acknowledge our teams for their efforts despite the uncertainty generally associated with projected deficits.\u201d<\/p>\n<p style=\"text-align: center;\"><strong>Don\u2019t miss out on Doppler! Sign up for our free, twice-weekly newsletter <a href=\"https:\/\/doppleronline.ca\/huntsville\/dont-miss-out-on-doppler\/\"><u>here<\/u>.<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><broadstreet-zone zone-id=\"45657\" keywords=\"\" soft-keywords=\"true\" zone-alias=\"\"><\/broadstreet-zone>\n","protected":false},"excerpt":{"rendered":"<p>Muskoka Algonquin Healthcare (MAHC), together with the North Simcoe Muskoka Local Health Integration Network (NSM LHIN), is pleased to announce that the Ministry of Health and Long-Term Care has provided [&#8230;]<\/p>\n","protected":false},"author":15,"featured_media":7374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[26],"class_list":["post-27809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-breaking"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - 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