How are things going this fiscal year?

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Glen Copping | October 9th, 2014

We’re halfway through our financial year, which began on April 1, 2014. If you watched the video from my last post – Where does our money comes from? – you’ll remember that since health care spending represents about 47 per cent of the provincial budget, our annual funding increases are smaller than in the past. This year we received a 1.6 per cent boost to $3.2 billion.

How do we spend that money?

In this video, I break down the budget by Community of Care and corporate areas and touch on some strategies to balance our budget: continuing our focus on quality care, looking for savings in supplies and shifting from acute to community care.

Share your ideas

Do you have any creative ideas to save money on supplies – in big ways or small? Tell me about it in the comments below! Is there anything you’re doing to save money or resources that your colleagues across VCH can copy or learn from?

About the Author

Glen Copping
email iconglen.copping@vch.ca  

As Chief Financial Officer and VP of Systems Development & Performance Glen is responsible for Financial Services, General Counsel and Legal Services, Facilities, Business Initiatives and Support Services (BISS), Patient Flow Improvement, Internal Audit, Supply Chain and Logistics, and Decision Support. He also serves as the Executive Lead for Lower Mainland Consolidated Medical Imaging.

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This is the place for discussion, debate and collaboration on issues and ideas that advance engagement with VCH’s strategic True North goals and objectives. It is not just for executives, but the tone of this stream is tailored to those serving in a leadership role or those who have interest in the “why” behind organizational priorities.