In accordance with Ontario accountability objectives, the Health Centre signed a two-year Accountability Agreement with the Government of Ontario for fiscal years 2008 and 2009.

This Accountability Agreement is designed to:

• Link accountability with stable and predictable funding
• Ensure a sustainable financial footing for hospitals
• Align the planning and allocations cycle with planning and budgeting in the hospital sector
• Support continuous performance improvement
• Improve system integration
• Create a framework for an effective and evolving long-term accountability relationship based on capacity and changing health care needs, and
• Consolidate service agreements already in place

We have committed ourselves to meeting six performance standards.

Performance Indicators	Standards
Relative acute length of stay	0.9 - 1.1
Relative total acute length of stay	0.9 - 1.2
Relative risk of readmission rate to own facility	<1.3
Current ratio	0.8 - 2.0
Percent full-time nurses	70%
Year end total margin	0.0%

The Senior Management team undertakes a detailed annual review of the operational and financial performance of St. Joseph's Health Centre.

For more information about how we are doing please see our Annual Reports, Financial Statements and Corporate Scorecard.

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Page last updated: April 30, 2010