MAHC will balance this year’s budget with some help
Muskoka Algonquin Healthcare has received one-time funding for their budget.
The Ministry of Health and Long-Term Care through the North Simcoe Muskoka LHIN has given MAHC $1.5-million. CEO Natalie Bubela says its fabulous news.
Bubela says they’ve been in talks with the North Simcoe Muskoka LHIN since October about a $2.4-million reduction in revenue and the need for financial support.
MAHC’s fiscal year ends Mar. 31, 2015. Bubela says getting this funding is a relief and MAHC can now work on next year’s budget and funding.
Bubela says this funding has given them the opportunity to avoid a deficit this year.