Friday, May 4, 2012

Hospital Not Expecting a Big Increase in Its Budget

Hospital budgets are going to be tight this year.

The Northwest Local Health Integration Network has sent out letters with initial budget projections for each hospital in the region.

Chief Executive Officer Marc Belcaen from Lake of the Woods District Hospital says they don't have all their numbers yet, but they do know they will have less than one percent more to work with in the 2012/2013 fiscal year.

Belcaen says with increased inflation and labor costs, they are going to have to find ways of cutting their expenses and see if there are any areas to increase their income from other sources.