SLT: Robbie Peters Financial Services · 2016-17 Quarterly Report Q1 SLT: Robbie Peters –...
Transcript of SLT: Robbie Peters Financial Services · 2016-17 Quarterly Report Q1 SLT: Robbie Peters –...
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2016-17 Quarterly Report
Q1
SLT: Robbie Peters – Financial
Services
Vision:
Healthy people, families and communities.
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Portfolio Overview
• Finance
– Accounting & Financial Reporting
– Payroll & Benefits
– Decision Support
• Facilities Management
• Materials Management
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RQHR Strategic Plan
Focus Areas & Multi-year Outcomes
• Quality and Safety Multi-year Outcome:
– To achieve a culture of safety, by 2020, there will be no harm to patient, clients, residents, staff and professional practitioners.
• Access/Patient Flow Multi-year Outcome:
– To improve access for patients and reduce Emergency Department waits by 60%, necessary improvements in key areas (primary healthcare, specialist consults, diagnostics, mental health & addictions, long term care, home care and acute care) will be achieved by 2019.
• System Sustainability Multi-year Outcome:
– Ongoing, RQHR will achieve a balanced or surplus budget.
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VP Report Out on Business Plan
System Sustainability Initiatives
2016-17 System Sustainability Initiatives Monitored At Q1 Status (Red/Green)
Develop Infrastructure Capital Asset Management Plan SLT Capital
Oversight
Committee
Green
Implement an Integrated Risk Management (IRM)
Framework
SLT Meeting Green
Implement Procurement / Supplies Efficiency Strategies SLT System
Sustainability
Visibility Wall
Green
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VP Report Out on Business Plan
System Sustainability Initiatives
2016-17 System Sustainability Initiatives Monitored At Q1 Status (Red/Green)
All Areas will Monitor and Manage the Following to
Contribute to Financial Sustainability Targets:
• Budget Surplus / Deficit
SLT System
Sustainability
/Portfolio/Service
Line/Department/
Unit Visibility
Walls
(Portfolio)
Green
(Region Admin*)
RED
All Areas will Monitor and Manage the Following to
Contribute to Financial Sustainability Targets:
• Paid Hours
SLT System
Sustainability
/Portfolio/Service
Line/Department/
Unit Visibility
Walls
Green
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Next Steps
• Develop Maintenance Service Plans based on risk and
service priorities
• Continue to roll out Space Change Request process
• Initiate key capital and space priority projects including
Immediate Acute Bed Capacity project
• Develop charter for 3 year Strategic Facility Plan
development
• Define a 3 year Real Estate and Leasing plan
• Roll out LTC renewal plan for replacement of priority LCT
sites including Regina Pioneer Village
Infrastructure Capital Asset Management Plan
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Next Steps
• Integrated Risk Management working group -formed Dec 2015
• Draft Policy and Framework have been
developed -pending approval Sept 2016
• Population of Risk Register
• HIROC Risk Checklist
Integrated Risk Management
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Next Steps
1.Inventory Clean Up & Direct Order Management
• 5s of RGH Stores near completion
• Slow moving items removed from RGH Stores
• Criteria being developed to determine
qualification and prioritization for inventory
items
• Develop process to identify direct ordered items
that should/could be carried in inventory
Implement Procurement/Supplies Efficiency Strategies
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Next Steps
2. Procurement Suite Implementation
• Education and workplan will be presented to
EDC for input, then reviewed with department
managers
• Background work will be done by Purchasing
Department
• Department readiness will be determined and
implementations scheduled – Oct 2016
Implement Procurement/Supplies Efficiency Strategies
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Next Steps
3. Product Standardization • Opportunity to reduce costs and increase safety is to reduce the
wide variation in supplies/products being used
• Wide variation in the supplies/products being used leads to:
– High inventory costs
– Storage challenges when have limited space
– Increased risk of incorrect cleaning/sterilization leading to adverse events
for patients
– Increased training required for staff
– Increased likelihood of expired items
• Working group established that will supplement work that was
done in 2015-16. In planning stages of what the current year work
will be.
Implement Procurement/Supplies Efficiency Strategies
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Next Steps
Portfolio Financial Results – Surplus of
$476K as at May 31
• Slightly over budget on salaries, but is
offset by union recoveries included in
revenue
• Main reason for surplus is delayed timing of
Facilities Management maintenance and
project work. Expect will use full budgets
available by the end of the year.
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Next Steps
Region Administration Financial Results –
Deficit of $3.8M as at May 31
• Unallocated budget reduction initiatives,
approved investments and inflation budgets
are causing variances
• Budget reallocations will be made before
Q2 to correct the variances
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Questions