MAHC gets one-time funding boost, doesn’t solve long term financial issues
It’s not a long term solution, but it will help for now. Muskoka Algonquin Healthcare is getting a one-time funding boost through the North Simcoe Muskoka Local Health Integration Network, worth $815,000. MAHC officials say that money will help reduce the 2017-18 fiscal shortfall.
MAHC CEO Natalie Bubela says the investment isn’t going to carry over into future budgets, so it doesn’t solve the problem of ongoing budget challenges that are anticipated in future fiscal years. She also says that money is for operating expenses only, and MAHC will still need to rely on foundations for the millions of dollars of capital needs.
Bubela also notes staff, physicians and volunteers provide outstanding care despite the funding shortfalls, and work hard to try to reduce costs.
MACH Board Chair Evelyn Brown says she is delighted the Ministry of Health and Long-Term Care and the LHIN have recognized the financial issues and provided some support.