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Living within our financial means
Since its creation in 1998, Toronto Rehab has achieved a balanced budget every year for the past 10 years. An unexpected decline in third party revenues resulted in a budgeted deficit for the first time in fiscal 2008/09.
Like other publicly funded hospitals in Ontario, Toronto Rehab provides patient care services at a level negotiated through our Hospital Service Accountability Agreement (HSAA) with the Toronto Central Local Health Integration Network (TCLHIN). Included in the Agreement, are specific performance indicators with targets related to service type and patient volumes for a given fiscal year (which runs from April 1 to March 31). These performance targets normally direct Toronto Rehab to operate within the resources made available annually through the TCLHIN by the Ontario Ministry of Health and Long-Term Care. An exception was granted for the 2008/09 fiscal year as indicated below.
Toronto Rehab’s 2008/09 fiscal year performance indicators are listed in the chart below. Click here to read a copy of our HSAA with the Toronto Central LHIN. Copies of our current HSAA are also available upon request in person in the Libraries at each of our five sites Monday to Friday, 9 am until 4 pm.
| HSAA Performance Indicators |
2007/08 Actuals |
2008/09 Actuals |
2009/10 Annual Target |
HSAA Miniumum Annual Threshold |
2009/10 YTD
|
| Total Margin |
0.86% |
0.94% |
0 |
Cannot be below 0 |
0.17% |
| Current Ratio |
1.27 |
1.21 |
1.21 |
0.8-2.0 |
1.05 |
| Percentage of Full-time Nurses |
72.6% |
73.4% |
70.00% |
69% |
73.46% |
| Inpatient Rehab days |
72,132 |
70,451 |
73,095 |
>68,075 |
70,948 |
| CCC Weighted days |
78,284 |
79,171 |
73,268 |
>73,593 |
76,000 |
| Ambulatory Care Activity (visits) |
82,568 |
86,584 |
85,185 |
>64,000 |
90,762 |
| Stage 2 or greater Skin Ulcers (CCC) |
4.97% |
2.88% |
<6.6% |
<9% |
3.55% |
Click here to review our latest Management Discussion and Analysis and Audited Financial Statements.
In these challenging economic times, Toronto Rehab has taken steps to balance it 2009/10 operating budget. Audited financial statements are published on the hospital’s web site annually following the Annual General Meeting in June. Our Annual Report and Financial Statements can be found in the About Us section under Corporate Publications.
Relationships
As an integral part of the community, Toronto Rehab benefits from relationships with a variety of stakeholders. Chief among them is the relationship we strive to nurture with Toronto Rehab employees. We are proud to say that 85.8% of our employees would recommend Toronto Rehab to others as a great place to work.
We are also fortunate to benefit from the time, compassion and generosity of more than 400 volunteers, including those who serve on both the hospital and Toronto Rehab Foundation Boards, whose collective contributions amount to far more than the quantitative measure of the 27,000-plus hours they devote annually to our organizations.
As a teaching and research hospital, we take seriously our responsibility to prepare, to the very best of our ability, the health care providers of tomorrow and to equip them with the knowledge and skills they’ll need to face the health care challenges that lie ahead. We do this in collaboration with our prime academic affiliate, the University of Toronto, and close to 40 other academic institutions. Our goal is to advance rehabilitation knowledge and practice so that our patients and those well beyond our reach will benefit from what we learn and discover together.
We also work with our public and private sector colleagues to improve health service delivery through research and innovation. As a founding partner and leader of the GTA Rehabilitation Network, we partner with other hospital and community service providers to improve access to and delivery of rehabilitation services in the Greater Toronto Area.
And, knowing that our work is relevant to one in two Ontarians who are touched by disability in their day-to-day lives either personally or as a caregiver, we champion rehabilitation science and the benefits it has to offer.
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