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QHC BOARD APPROVES BALANCED BUDGET FOR 2014/15

Following months of planning, the QHC Board of Directors approved the 2014/15 operating plan at their meeting late Tuesday.

"We are in the second year of a major health care transformation in Ontario. The provincial government has changed the way hospitals are funded in order to invest more money into home care, residential hospices, and other community-based health care," said QHC President & CEO Mary Clare Egberts.  "We absolutely believe that this is the right long-term solution for our patients and the sustainability of our health care system. However, the changes do mean less money for hospitals like QHC and as a result we were facing a $7 million gap between revenues for 2014/15 and anticipated expenses if no changes were made."  See full News Release