Cost cutting initiatives at Quinte Health Care are paying off.
A 2.75-million-dollar deficit was expected after the first five months of the 2009-10 fiscal year, on August 31st, but the figure was only 250-thousand.
Q-H-C Supervisor Graham Scott says the opening of 192 new nursing home beds in Trenton and Tweed resulted in beds used by Alternate Level of Care patients being freed up. Some other beds were also closed because they weren’t needed, resulting in more money being saved.
Scott says Quinte Healthcare has a projected 2009-10 deficit of 4.1-million dollars, compared to the 6.4-million-dollar shortfall recorded in 2008-09.