Over $20 million in provincial funding is flowing to the North Bay Regional Health Centre (NBRHC).
Vic Fedeli, MPP for Nipissing, made the announcement Friday morning.
Fedeli says the one-time money addresses the hospital’s longer-term deficit and will continue to ensure they can provide high-quality care amidst the COVID-19 pandemic.
“We are continuing to work on their annual funding numbers, but this is a very big boost that hospitals were not expecting, it’s a welcome boost,” he says.
Paul Heinrich, NBRHC president and CEO, says the investment means the health centre has been recognized as highly accountable and deserving of the funding.
“Essentially it means it’s debt relief for the hospital. This allows our balance sheet to be more healthy, it improves our cash flow and it just creates stability for us,” he says.
Heinrich also says it offsets some of the investments they’ve had to make.
“One example of that is the investment of nearly $30 million to invest in the most advanced clinic information systems on the market today and have that installed in our hospital and that’s what operates here today,” he says.
Al McDonald, North Bay Mayor, thanks MPP Fedeli and the province for continued investments, “especially at this time when our hospital workers are going above and beyond”.
Friday’s funding is part of the over $1.2 billion previously announced by the province to help hospitals recover from financial pressures created and worsened by the COVID-19 pandemic.