Finances

As part of our commitment to sustaining the financial health of our organization and be a top operational performer amongst our teaching hospital peers,  we are aiming to ensure that Quality Based Procedures  (QBPs) are effectively delivered in our hospital. QBPs are a key feature of the Ministry of Health and Long-Term Care's health system funding reform and have been introduced in clinical areas that demonstrate significant opportunity to introduce evidence into clinical pathways, reduce practice variation, attain cost efficiencies, and being to align quality with funding. This year, KGH is responsible for delivering  a set volume of QBPs within set cost parameters in 19 of our clinical areas. To help us perform within the expected costs of our QBPs, we will conduct a detailed analysis of the cost elements for each QBP, identify and act on efficiency opportunities.

By 2018:

KGH is a top operational performer amongst Ontario teaching hospitals

In 2016-17 we will:

Identify the top three efficiency opportunities for all Quality Based Procedures

How are we doing?

In our third quarter (Q3), October to December, work was undertaken to improve supply management in the Operating Rooms.  Detailed analysis is ongoing on Intensive Care Unit (ICU) length of stay, which is proving to be challenging because peer data is not readily accessible as a comparator. We explored the opportunity to be involved in a province wide implementation of digital QBP order sets that will guide us to implementing best practice with real time feedback on our progress.

ARE WE ON TRACK TO MEET THE TARGET BY YEAR END (March 31, 2017)?

Yes, we are on track to meet our planned QBP efficiency milestones.