News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 


CDHB Breaks Even On Budget For Year

6 August 2004

CDHB Breaks Even On Budget For Year

The Canterbury District Health Board has successfully ended the financial year, to 30 June, with a break-even situation excluding the impact of the new Holidays Act.

‘This is an excellent result,’ the acting Chair of the CDHB Board Dr Olive Webb told the Board meeting this morning. ‘The Board congratulates the Chief Executive Jean O’Callaghan and her staff for accepting the huge financial challenge of reducing the deficit from $21million three years ago. The task was never going to be easy. The fact that it has been achieved without a reduction in services is also a tremendous achievement.’

Chief Executive Jean O’Callaghan said ‘one of the key benefits of this result if that we will not need to rely on additional borrowing to meet our operational requirements. Another major benefit is that we will retain our early payment status which is worth $2.5million savings in interest costs.’

Mrs O’Callaghan said that while the budget result was very satisfying, the DHB could not afford to let up on its stringent approach to financial management particularly in the area of hospital & specialist services where the end of year result had been extremely disappointing. Christchurch hospital’s significant overspend could not be sustained or continued, she said, as the Board was fortunate to have a number of one-off savings in other areas that helped offset the overspending last year. These one-off savings would not be available in future years and energies would need to continue to be put into improving the way in which hospital services were provided.

‘Containing costs will continue to be an important driver for the new financial year, with the impact of population based funding starting to hit home,’ she said. ‘Better forward planning together with continued positive financial performance will be key factors for the DHB. We cannot afford to rest on our laurels.’

Mrs O’Callaghan said the year had ended on a positive note in several areas, not only financial performance. More details would be provided in the Health Board’s Annual Report.

Significant tangible successes achieved throughout the CDHB that have contributed to the end of year financial result include:

Savings of $1.5m in synthetic blood products through free trial products and contract retendering

Improved clinical management and ordering of diagnostic tests resulting in usage reduction of $1m

Gain on sale of $1m from disposal of surplus assets

Savings of $1.5m in supplies/services through robust contract and negotiation processes

Reduction in finance charges, ie interest and capital charge of $4m

Savings of $1m associated with the transfer of community laboratory contract back to other DHBs

Additional external revenue $1m generated

Improved recovery of older debts from ACC

Subsidiaries achieving slight surpluses at end of year

Community & Public Health Division, Planning & Funding Division, Corporate Division and a number of hospital divisions managing within or close to their budgets.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Scoop Review Of Books: Nō Tāu Manawa

Vaughan Rapatahana responds to Fale Aitu | Spirit House by Tusiata Avi.
More>>

9 Golds - 21 Medals: NZ Team Celebrates As Rio 2016 Paralympic Games Close

The entire New Zealand Paralympic Team, led by kiwi sprinter and double gold medallist Liam Malone as flag bearer, are on the bus to the Maracanã Stadium in Rio de Janeiro for the Closing Ceremony of the Rio 2016 Paralympic Games. There, they will celebrate the fantastic successes of the past 10 days. More>>

ALSO:

New Zealand Improv Festival: The Festival Of Moments To Return To The Capital

The eighth incarnation of the New Zealand Improv Festival comes to BATS Theatre this 4-8 October , with a stellar line-up of spontaneous theatre and instant comedy performed and directed by top improvisors from around New Zealand and the world. More>>

ALSO:

CDF Tim Keating: NZ Somme Centenary

"Our generals also knew what to expect, and they built that knowledge into their planning. Each of the four set-piece attacks was fought with a single brigade, with the expectation that the brigade would be used up. A fresh brigade would then be brought up to conduct the next set-piece..." More>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Health
Search Scoop  
 
 
Powered by Vodafone
NZ independent news