Saskatoon Health Region facing $30M deficit in 2016-17
The Saskatoon Health Region is aiming for a balanced budget in 2016-17, although if it doesn’t find more savings, there will be a $30 million deficit.
Health region officials said they are working hard to find ways to save money in its $1.2 billion operating budget.
The division has so far avoided layoffs through a two month hiring freeze.
They are hoping to find more ways to save in the months ahead as it tries to avoid a deficit.
There are lots of areas that need money.
Royal University Hospital needs an $8 dollar upgrade to its heating system, and $12 million in other repairs.
CEO Dan Florizone said it’s the most challenging financial situation he’s ever faced in healthcare.
“As a not-for-profit, publicly funded organization, our target is a balanced operating budget,” Florizone said.
“We have tough decisions to make in the weeks ahead as we continue to work to close the gap between revenues and expenses. We have a number of actions underway in support of this year’s operating budget and are taking our responsibility of balancing seriously.”
Florizone said the health region will announce some of the decisions it has made to save money while ensuring accessible health services in the coming weeks.
SHR posted a $35.7 million deficit in the 2015-16 operating year.
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