HEALTH CARE

HEALTH CARE

The Victorian Auditor General in its report “The Public Hospitals: Results of the 2010-11 Audits” says 29 hospitals relied upon “a letter of comfort” from the Department of Health, stating it would provide adequate cash flows to enable them to meet their financial obligations if required. The overall risk to financial sustainability for each public hospital category was assessed as moderate for 2010–11. However, the risk was assessed as high for 33 per cent of public hospitals (29 of 87) mainly because they generated insufficient cash to adequately fund their operations. This report found that 61 per cent of public hospitals in Victoria, including 25 major metropolitan and regional hospitals, had cash holdings equivalent to less than 30 days operating cash outflows. Some hospitals had cash holdings of less than seven days.
Why is this a problem for the running of public hospitals? Why do you think governments have allowed this situation to arise?

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