How a Hospice is Funded

 

Capital Costs

July 14, 2017 the Ministry of Health announced it will fund up to $200,000 per bed to help build hospices.

 

Equipment, furniture etc. remains the responsibility of the community to fund.

 

Cost to build and equip our hospice is $6.3M.

 

As of July 1, 2018 $6.7M of the $8.5M fundraising goal has been raised.

 

Operating Costs

Residential hospices in Ontario receive partial funding from the Ministry of Health and must raise the remaining dollars needed to meet their overall operating budgets.

 

Stratford Perth Hospice will receive $840,000 annually from the South West Local Health Integration Network (SW LHIN) to be used for direct medical costs only. For our hospice, this will only cover part of the cost of salaries for our clinical staff. We will rely on donations from the community to cover the cost of all other expenses. The chart below gives you an idea of the other expenses we must cover from fundraising revenue.

 

To help keep our operating costs as low as possible, we have collaborated with Tri County Mennonite’s Greenwood Court facility in Stratford. By sharing administrative resources such as purchasing, payroll, human resources, housekeeping and maintenance we will be able to reduce our annual operating costs. Hospice direct services – both medical and non-medical -- remain separate and completely focused on end-of-life care.

 

 

 

 

 

 

 

Thank You Leadership Donors!

 

City of Stratford
$1,500,000

 

Rotary Club of Stratford

$440,000

 

St. Marys Cement

$175,000

 

Tradition Mutual

$150,000