Quinte Health Care has signed off on the operating and capital plans for 2017-18. At Tuesday night’s board meeting, members agreed on plans for the upcoming year. The operating budget will be $182 million, up over $4 million from 2016-17.
CEO Mary Clare Egberts says the main investments come in patient care. Egberts says the budget is going to meet the needs of the community.
Chief Financial Officer Brad Harrington says they will receive $2.26 million in extra funding over the last fiscal budget. He says that is a step in the right direction.
Just to meet inflation, millions in extra funding needs to be provided just to keep the same coverage of expenses in the year prior.
Over the last five years, the operating budget has dropped from $200 million. Last year the budget was $177.6 million.
A capital budget of $8.158 million was also approved. Nearly half the funding comes from the hospital foundations.