Oakville, Milton, Halton Hills health unit finishes fiscal year with $8.6M budget surplus
Published July 8, 2022 at 12:06 pm
A budget surplus should help Halton Healthcare
continue to advance how they deliver care as it works to return to pre-pandemic levels.
The Oakville, Milton and Halton Hills healthcare organization released its Annual Report this week and disclosed that it ended the 2021/22 fiscal year with an $8.615M surplus.
The health unit says responding to the pandemic has underscored and amplified the urgent need for redevelopment of its facilities to ensure they are better prepared to respond to emerging issues, including infectious diseases, such as COVID-19.
“We continue to pursue the Georgetown Hospital redevelopment and approval to fit out the shelled in space at Milton District Hospital and Oakville Trafalgar Memorial Hospital,” Halton Healthcare leaders Richard Nunn, Chair, Board of Directors, Denise Hardenne, President & CEO, and Dr. David McConachie, Chief of Staff, said in a message released with its annual report.
“We are also preparing a Master Planning document for our Cancer Program to align with the projected clinical program service requirements needed to fully support our community.”
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Revenues for the health organization climbed just over $36 million to $592.477M from 2021 ($556.412M). The majority of that came from the $513.519M given by the Ministry of Health and Long-Term Care.
Expenses were up nearly $300M from last year, climbing from $551.576M to $581.499M.
Salaries, wages and benefits made up most of the costs, rising to $413.919M from $391.983M. Other costs came from supplies and other expenses ($97.111M), medical and surgical supplies ($30,386M), drugs (22,234M) and equipment amortization (17,849M).
The Ministry of Health has continued to support additional hospital capacity and reimburse local hospitals for COVID related costs.
Here’s a look at Halton Healthcare by the numbers from their 2021-22 annual report:
- 5,228 staff
- 931 medical & professional staff (physicians, dentists, midwives)
- 1,280 volunteers
- 161,049 emergency department visits
- 4,690 babies born
- 45,256 surgeries
- 3,220,658 laboratory tests
- 298,482 diagnostic imaging exams
- 19,600 oncology visits
- 37,964 dialysis visits
- 62,508 mental health & addictions ambulatory visits
- 40,428 fracture clinic visits
- 748,005 patient meals served