Earlier this year, about half of Ontario's 222 hospitals faced a funding crisis. In the spring, Ontario's treasurer read the riot act: the province wouldn't bail out hospitals with deficits. It was the first time any Ontario government followed through on its commitment to slash hospital costs. A recent report based on 23 operational reviews concluded in part that to control costs, hospitals must "realign, reduce, cap or eliminate certain services and programs." Here's what six CEOs did to erase their deficits for 1988-89.
Budgets Financial Management