Credit Valley Hospital

Media Release

 

The Credit Valley Hospital finishes year on solid clinical and financial footing

June 10, 2011

 

MISSISSAUGA (June 10, 2011) — At its Annual General Meeting yesterday, The Credit Valley Hospital’s (CVH) outgoing Board Chair Joanne Rogers reported that CVH achieved impressive results, ending the year on sound clinical and financial footing.

“Credit Valley has successfully achieved in-year financial stability, ending the year with a $7.9-million annual audit statement surplus, the first time in five years,” said Rogers. “I am humbled by the tremendous capacity of this organization to overcome challenging obstacles to deliver exceptional patient care and services. It has been a privilege and a pleasure to serve with such an inspirational and committed Board, senior leadership team and workforce.”

Credit Valley President and CEO Michelle DiEmanuele highlighted some of the hospital’s key achievements under CVH’s three strategic goals — quality, access and sustainability:

  • Infection rates are better than provincial benchmarks, which translates into safer healthcare for our patients.
  • Our regional cancer centre was the most efficient radiation treatment centre in province for the past fiscal year.
  • We lead all other hospitals with a 99.83% compliance with surgical safety check lists
  • Despite having one of the busiest emergency departments in the province, CVH reduced emergency wait times for seriously ill patients not requiring admission to hospital by 11 per cent, resulting in a $-1million one-time investment from the province.
  • For the first time in five years we achieved an annual surplus of $7.9-million, placing us on the path to financial sustainability.

“This has indeed been a defining year for Credit Valley,” said DiEmanuele. “Financial stability, realigned services, enhanced emergency wait times and a renewed focus on quality have positioned us well for a bright and promising future.”

At a Board meeting immediately following the annual meeting, Neil Skelding, President and CEO, RBC Insurance, was elected as the new chair of the hospital’s Board of Directors. Colin Adamson was elected Vice Chair and Lee Stem was elected as Treasurer.

Rogers has completed her two-year term as Board Chair, but was elected to serve a final three-year term as a the Board member. She has served on the Board since 2002 and has held the positions of treasurer and chair of the audit committee.

To view a copy of The Credit Valley Hospital’s Annual Report 2010-2011 click here [pdf 2mb]»

About The Credit Valley Hospital

The Credit Valley Hospital provides patient- and family-centred care to approximately one million people in Mississauga and the surrounding region. Our hospital also has a teaching affiliation with The Academy of Medicine at the University of Toronto Mississauga. The Credit Valley Hospital has consistently achieved the highest awards from Accreditation Canada meeting national safety and patient care standards. The Credit Valley Hospital values excellence, leadership, diversity and partnership so that Together We Create Better Health Care.

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Media Contacts:

Liz Leake
Manager, Communication and Public Affairs
The Credit Valley Hospital
Tel: 905-813-1100 Ext.4887

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