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Waikato DHB Ends Year With Surplus

Contributor:
Fuseworks Media
Fuseworks Media
Waikato DHB Ends Year With Surplus

Remaining focused on its six priorities for the 2009/2010 financial year ensured Waikato District Health Board finished the year ended 30 June, 2010 with a surplus of $19 million against total revenue of $1.107 billion.

It was not at the expense of service delivery as Health Waikato, the DHB's provider arm, delivered record volumes which resulted in it meeting elective targets and generally delivering more healthcare to the greater Waikato population (see attachment).

The year in review is in the DHB's audited annual report which went online today at http://www.waikatodhb.govt.nz/page/pageid/2145867645/Strategy%20temp#AR

Chief executive Craig Climo said Waikato DHB needed the surplus and more in the future to pay for its $900 million 15-year building programme.

"We have a well established building programme that will continue to roll-out during 2011/12, so long as we can afford it.

"As we get further into the building programme, and big cash is now flowing, we are seeing significant cost pressure, mainly through extending the size and duration of the programme.

"Affordability and maintaining or delaying the redevelopment programme will be a major question for 2011/12.

"Building activity will be at its peak in 2011/12 with The Clinical Centre under construction and hopefully the Older Persons and Rehabilitation Services.

"We also have the recently approved Pembroke Street carpark. There are a couple of smaller projects being planned in renal and cancer services," said Mr Climo.

"All this happens while services operate 24 x 7 and continue to change and grow."

Chief financial officer Maureen Chrystall said the DHB was on track for an $8 million surplus this financial year starting 1 July 2010.

The six priorities for 2009/2010 were:

* Financials

* Quality improvement

* Workforce

* Chronic conditions

* Redevelopment

* Rural services

A seventh priority, regional collaboration, has been added for 2010/2011.

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