June 7, 2012
ATTN: NEWS / HEALTH / COMMUNITY EDITORS
New hospital delivers better quality and year end budget surplus
The Credit Valley Hospital and Trillium Health Centre puts Partnering for Patients In Action founded on a strong reputation for delivering excellent, efficient services to the community
Mississauga/West Toronto (June 7, 2012) – The Credit Valley Hospital and Trillium Health Centre is in a strong financial position from which to build its future as a leading, academic health services network. At its Annual General Meeting today, the new hospital, which officially merged on December 1, 2011, reported delivering on high quality care within a sound fiscal position. The Credit Valley Hospital and Trillium Health Centre filed a balanced budget with the Board of Directors for 2012 and reported a surplus of $5.3 million for the past year while dealing with increased volumes and demand for services.
“We are proud to share with you the first annual report of the newly merged Credit Valley Hospital and Trillium Health Centre. The report tells the story of an extraordinary year. We successfully merged and, at the same time, provided our patients with an outstanding level of quality care,” said Alan Torrie, board chair, The Credit Valley Hospital and Trillium Health Centre.
“Our many accomplishments were delivered under a balanced budget and within a framework of strong fiscal accountability and with high quality,” said Michelle E. DiEmanuele, president and CEO, The Credit Valley Hospital and Trillium Health Centre.
“As one organization, we look forward to building something truly special – an internationally recognized health network that delivers the highest quality health care locally,” added Torrie.
Since the merger, the hospital has completed its first Quality Improvement Plan, filed a balanced budget with the Board of Directors, and welcomed the inaugural class of 54 first year students to the Mississauga Academy of Medicine, in partnership with the University of Toronto Mississauga and the University of Toronto Faculty of Medicine. This will help improve quality, reduce wait times and enhance infection control.
Recently, the hospital received stellar grades from the Canadian Institute for Health Information (CIHI) in its first national report of clinical performance of hospitals in 21 key quality indicators. The combined results across all three sites (Credit Valley, Trillium-Mississauga and Trillium-West Toronto) show the new organization to be above average in every clinical performance indicator.
Improved access to health care services will benefit patients of all ages across the community, including the new Erin Mills Regional Women’s and Children’s Health Centre, a new adolescent mental health outreach program, and the opening of 21 new interim long-term care beds for seniors.
“I want to particularly acknowledge the contribution of our hospital staff, volunteers, physicians and foundations,” said DiEmanuele. “Their hard work, dedication to patient care and focus on excellence lies behind everything we achieve and will help us build a profile internationally while delivering excellent quality health care here at home.”
This is an exciting time in the hospital’s history as it shapes the future of health care delivery for the residents of Mississauga, West Toronto and the surrounding communities. In the coming months, the hospital will be continuing to engage the community around its strategy and branding process, reaching out to the community for input into the new vision we will create together for our new hospital.
“I am looking forward to our future, poised to bring the highest quality of health services to the patients of our community,” she went on to say.
To download a copy of the 2011/12 Annual Report of The Credit Valley Hospital and Trillium Health Centre, please click here.
As a merged organization, The Credit Valley Hospital and Trillium Health Centre is one of Ontario’s largest hospitals, ranking among provincial leaders with:
- 1,224 approved beds
- 228,113 emergency and urgent care visits
- 1,490,979 patient visits
- 653,128 outpatient visits
- 525,822 diagnostic services
- 57,121 surgical procedures
- 54,804 inpatient admissions
- 9,104 births
- 10,945 staff, physicians and volunteers
- $876,852,000 revenue
- $5,299,000 budget surplus (excess of revenue over expenses)
About The Credit Valley Hospital and Trillium Health Centre
The Credit Valley Hospital and Trillium Health Centre is a newly merged hospital serving Mississauga, West Toronto and the surrounding communities. It is one of Ontario’s largest community-based academic health networks and has a teaching affiliation with the Mississauga Academy of Medicine at the University of Toronto Mississauga. For more information, see www.cvh.on.ca / www.trilliumhealthcentre.org.
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Photos of the Annual General Meeting courtesy of The Credit Valley Hospital and Trillium Health Centre.
High resolution versions of these photos are available on request.
Alan Torrie, board chair, The Credit Valley Hospital and Trillium Health Centre, introduces Hon. Deb Matthews, Minister of Health and Long-Term Care, at the recently merged hospital’s first Annual General Meeting.
Alan Torrie, Board Chair, and Michelle DiEmanuele, President and CEO, The Credit Valley Hospital and Trillium Health Centre greet Hon. Deb Matthews, Minister of Health and Long-Term Care as she arrives for the hospital’s Annual General Meeting.
President and CEO Michelle DiEmanuele of The Credit Valley Hospital and Trillium Health Centre wishes Paolo Carbonara a happy first birthday at the hospital’s Annual General Meeting.
Ms. DiEmanuele invited Paolo and his mother, Kathryn, sister Mia, and father Mimmo to the meeting to thank them for sharing the story of Paolo’s kidney surgery in the hospital’s annual report.
Hon. Deb Matthews, Minister of Health and Long-Term Care, address the first Annual General Meeting of The Credit Valley Hospital and Trillium Health Centre in Mississauga on June 7, 2012.