The Chatham Kent Health Alliance is reporting it now has a balanced budget.
After years of financial difficulty, CEO Lori Marshall says the hospital has a $2.2-million surplus.
“So $2.2 million sound like a lot but a 1.5% savings is small when you think about the overall size of our organization,” says Marshall. “It’s important for a hospital to be always generating a surplus because that’s the money that’s the money you can use to take forward, in our case, reducing debt or going towards capital equipment.”
Marshall says they are also aiming to have a balanced budget in the coming fiscal year of 2018-19.
The current line of credit sit at $8-million, down from $10.6-million last year.
