The South Bruce Grey Health Centre is projecting a 1.2 million dollar deficit by the fiscal year ending March 31st in 2019.
Interim President and CEO Mike Barrett says the Health Centre is over budget in a number of areas including salaries, security, lab, supplies and non urgent transportation.
The cost of Alternative Level of Care Patients is also on the rise, this involves patients who no longer require hospitalization but cannot be released until they have supports and resources in place in their home or have a bed ready for them at a long term care facility.
In order to tackle this projected $1.2 million dollar budget, Barrett says they are creating a Budget Recovery Action Plan which will include a line by line budget review.
Minimizing the impact on patients will be a key part of this plan as well as seeking out partnerships with the community and other healthcare agencies to find efficiencies and savings.
Barrett says it is important the South Bruce Grey Health Centre find efficiencies in order to operate within the revenue that it receives.
This Budget Recovery Action Plan is not being made lightly, Barrett says they will look at every cost associated with each action plan.
Over the coming weeks the plan will be finalized and released allowing communication between physicians, staff,union and the community.
Hospitals are legally required to operate a balanced budget, because of this Barrett says they will have to dip into the reserve fund to offset any deficit by the fiscal year end.
Barrett says the SBGHC will continue to move forward looking for efficiencies and partnership opportunities all the while keeping patient quality of care a key priority.