Living within our financial means
Building on its track record of solid financial management, Toronto Rehab is taking the steps required to balance its 2009-10 operating budget while meeting our patient and service volumes as required by our Hospital Service Accountability Agreement(HSAA) with the Toronto Central Local Health Integration Network (TCLHIN).
Like other publicly funded hospitals in Ontario, Toronto Rehab provides patient care services at a level negotiated through an HSAA. Included in the agreement, are specific performance indicators with targets related to patient and service volumes for a given fiscal year (which runs from April 1 to March 31). The agreement also requires a balanced budget.
Click here to read a copy of our 2009/10 HSAA with the Toronto Central LHIN.
Copies of our 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.
Year-to-date performance
Toronto Rehab’s second quarter performance indicators and year-to-date results for the 2009-10 fiscal year are listed in the chart below.
| HSAA Performance Indicators |
2007/08 Actuals |
2008-09 Actuals |
Q2 YTD |
HSAA Target
Q2 YTD |
Performance Corridor
Q2 YTD |
| Total Margin |
0.86% |
0.94% |
0.61% |
0.0% |
Cannot be below 0 |
| Current Ratio |
1.27 |
1.21 |
1.27 |
1.21 |
0.8 - 2.0 |
| % of Full-time Nurses |
72.6% |
73.74% |
72.28% |
70% |
69.0% |
| Inpatient Rehab days |
72,132 |
70,451 |
35,628 |
36,548 |
>34,038 |
| CCC Weighted days |
78,284 |
79,171 |
38,155 |
39,453 |
>36,297 |
| Ambulatory Care Visits |
82,586 |
86,584 |
45,529 |
40,000 |
>32,000 |
| % Chronic Patients with New Stage 2 or Greater Skin Ulcers |
4.97% |
2.88% |
3.02% |
<6.6 |
<9.00 |
* Please refer to 2008-09 Management Discussion and Analysis and Audited Financial Statements
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 86% of our 1,800 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 450 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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