Financial Performance
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We are a member of Plexxus, a not-for-profit company dedicated to providing business support functions to 12 member hospitals in the areas of supply chain management, transactional finance, and benefits and payroll services. In its second year of operations, Plexxus exceeded its forecasted savings. This work in maximizing non-clinical efficiencies has resulted in savings that are able to be reinvested into patient care.
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St. Joseph’s Health Centre continues to operate within a framework of fiscal responsibility, providing proven value for the valuable public resources entrusted to us. Through the efficient management of these resources, the Health Centre recorded an operating surplus, before building and interest on long-term debt, of $1.8 million on operating revenues of $233.3 million.
We continue to benchmark our financial performance to that of comparable hospitals. Using this information we ensure that we are providing services to the community in an efficient financial manner. To support the management of risk, important work continues in order to advance our Enterprise RiskManagement Framework. This work guides our financial and business practices, quality of care and human resources. The financial performance of the Health Centre was assisted by the dedicated work of the St. Joseph’s Health Centre Foundation and its generous and committed donors.
