SCARBOROUGH: The Ontario government is providing over $1.2 billion to help Ontario’s public hospitals recover from financial pressures created and worsened by COVID-19.
This investment will ensure hospitals can continue to provide the high-quality patient care Ontarians need and deserve.
Details were provided by Premier Doug Ford, Christine Elliott, Deputy Premier and Minister of Health, and Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board.
“Hospitals have been at the centre of the pandemic from day one providing excellent care for our sick and vulnerable, and responding to the various outbreaks without hesitation,” said Premier Ford.
To ensure Ontario’s hospitals remain on stable financial footing at a critical time, $696.6 million in funding will be allocated to help cover historic working funds deficits for qualifying public hospitals, with a focus on small, medium as well as specialty and rehabilitation hospitals that carry a large fiscal strain due to their unique situations and historical funding challenges.
As a result of the COVID-19 pandemic, all hospitals have felt financial challenges not only through direct costs, but also through the loss of other forms of revenue such as co-payments for private rooms and the reduction of retail services.
In order to help address these fiscal challenges the province is setting aside $572.3 million to reimburse qualifying portions of these losses.
Christine Elliott, Deputy Premier and Minister of Health said: “This funding will ensure Ontario’s hospitals can continue to provide high-quality care to all Ontarians as we work together to stop the spread of this virus.”
The Ontario government will continue to work in collaboration with the federal government, and with other provinces and territories to ensure the Canada Health Transfer is increased and Ontarians get the quality health care they deserve, the government said.
“Our priority since the start of the pandemic has been clear – protecting people’s health. That means ensuring hospitals and the health care system have the capacity they need to care for people,” said Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board.
“Supporting hospitals is part of our plan to do whatever is necessary to keep people safe, during COVID-19 and beyond.”
• The government is investing $18 billion over the next 10 years in hospital infrastructure projects across Ontario that will lead to $27 billion in capital investments.
• Hospital capacity continues to be a priority and the government recently announced an additional $125 million to fund over 500 critical care and high-intensity medicine beds to hospitals in areas with high rates of transmission. This is in addition to the more than 3,100 beds previously funded by the province to increase capacity in the hospital sector and reduce occupancy pressures caused by COVID-19.
• As part of the province’s $2.8 billion fall preparedness plan, the government has invested $283.7 million to assist the health system’s ongoing efforts to reduce surgery backlogs, and $457.5 million to ensure that the health system is prepared to respond to any waves or surges of COVID-19 without interrupting routine health services.
• Ontario Health Teams are helping to maintain hospital capacity by coordinating programs that link hospitals, primary care, home and community care services, long-term care homes, congregate settings and other services, as well as supporting virtual care, online appointment booking and patients’ digital access to their health information.
Anthony Dale, President and CEO, Ontario Hospital Association, said: “The Ontario Hospital Association greatly appreciates the financial supports made available by the Government of Ontario. Ontario hospitals of all sizes and types have stepped up over the past year to support testing efforts, open assessment and vaccination centres and provide reinforcements to community partners.
This has come at a financial cost, while they’ve also lost a significant amount of revenue by freeing up beds, operating at standby capacity and postponing surgeries and procedures. Thank you to the Government of Ontario for supporting hospitals and for ongoing efforts to address financial pressures.”