Wednesday, 17 August 2011 16:31

Cypress Health Region on budget, concerned with med-surg unit

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By Chris Jaster — This email address is being protected from spambots. You need JavaScript enabled to view it.

The Cypress Health Region appears to be on pace to break even this fiscal year, but it has one major financial concern through the first quarter.

A $20,000 surplus is currently being projected by the region, based on its financial details through June 30. That isn’t much considering it has a $108.05 million budget.

The biggest concern the region has with its financial situation, however, is with the medical-surgical ward. That ward is currently $100,000 over-budget with its supplies and the region is trying to determine why.

“That’s something we’re going to check into actually and find out why we’re showing that kind of a variance in that budget,” said Cypress Health Region CEO Beth Vachon. “That’s something we need to look into and we will be doing that in the next month.

“We had a new surgeon come on staff and surgical is a big priority for us right now.”

Despite having one area way over-budget, the region has made it up with its staffing throughout the first quarter.

Since the quarter ends before most people take their holidays, the region is currently showing a surplus in that area. Vachon expects that section of the region’s financial picture will balance itself out before the end of the summer.

Although there is one concern right now for the region, Vachon said it’s still too early to know what the final numbers will be by the end of the year.

“For an organization with the size of budget that we have, I’d say we’re right on track,” she said. “Spending $20,000 isn’t a big cushion, but we’re pleased with that and that’s a good strong first quarter for us.

“Of course, first quarter results are always early days for us and the further we get into our budget the more able we are to figure out what it will look like for the year.”

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