Tuesday, March 20, 2012

Hospital Unsure how new Funding Foruma will affect it's finances


Its unclear how a patient-based funding formula will impact Lake of the Woods District Hospital.

The provincial government announced a funding change yesterday.

The hospital's Finance Manager Cindy Gasparini says they don't have many details about the funding forumla yet, so its too early to say if it will help them or not.

She says starting this year, hospitals will be paid for the care they provide patients, rather than a lump sum.

 She says 55 smaller hospitals won't be affected, but Lake of the Woods is just large enough that it will be a part of the new funding arrangement.