If not for the 100-day action plan being initiated as a result of an Operational Review, York Central Hospital would be facing a potential deficit of $10 - $12 million for the fiscal year despite anticipated additional funding this year.
The Operational Review was initiated by the hospital, and mandated by the Central Local Health Integration Network (LHIN) to deal with this significant potential deficit and assist the hospital to create a sustainable financial future.
The Review Team met with over 200 front line staff, physicians, managers, and Board members to identify potential areas for increased efficiencies while maintaining a commitment to quality, safety and access to care.
From these reviews the consultants identified 54 recommendations that will be used as a road map for moving forward with an action plan.
Key areas of focus to achieve the necessary savings will include realizing efficiencies through:
- greater standardization of supplies
- achieving greater clinical efficiencies
- creation of larger and more efficient patient care units
- strict unit/program level cost containment strategies
- review of staffing patterns and models of care
- review of scope of service compared to peer hospitals
- opportunities for greater partnerships with other providers
An actual Hospital Improvement Plan will be submitted to the Central LHIN by the end of August.
