Year in Review 2021

WHAT WE DO WSLHD YEAR IN REVIEW 2

Doing the Numbers

Amidst the ongoing impact of the pandemic, we continued the trend from last year of achieving commendable savings through better management of employee-related costs, and improved savings in purchasing supplies and services.

This financial year, we achieved a total of more than $4 million in additional savings in purchasing clinical and medical supplies as well as sourcing of corporate services. This represents a continuing trend from our previous year. The total of WSLHD’s expenditure for 2020/21 was $2.101 billion. Employee Related Expenses made up for 66.8% of that total. Our staff continue to be the backstay of our service provision, although partnering with private health providers was significant during 2020/21 in efforts to manage surgical wait lists.

Dealing with the COVID-19 pandemic added additional pressure to staff and services across the District. The impact was managed through good planning and great teamwork. An additional $143.68m was invested by the NSW Government into managing the health and safety of our staff and residents during the pandemic. Own-source revenue contributed $204 million towards funding health services. This is a slight increase to previous year ($203m). The COVID-19 impact on revenue from patient fees, car parking and commercial returns continues to be significant.

REVENUE

EXPENDITURE

65.6% Sales of Goods and Services 34.4% Other Revenue

66.8% Employee Related Expenses 26.6% Other Operating Expenses 3.8% Depreciation and Amortisation 2.3% VMOs 0.5% Grants and Affiliated Health Organisations

FINANCE STATISTICS 2020/21

$2.101b $204m

WSLHD EXPENDITURE

OWN-SOURCE REVENUE CONTRIBUTED TO FUNDING HEALTH SERVICES

Met Expenses Budget Targets

DELIVERED SERVICES WITHIN ALLOCATED EXPENSES BUDGET FOR 20/21

WSLHD COST PER NWAU VS STATE FOR 2021-2022 IN DOLLARS (NSW AVERAGE AND WSLHD AVERAGE) In terms of Activity Based Funding (ABF) efficiency, the District Draft 2021/22 ABF price is assessed at $4,858 per NWAU. The State Draft Efficient Price is $4,931 per NWAU, indicating the WSLHD is operating in an efficient manner. ABF cost per NWAU for 2020/21 financial year is dependent on finalising impact of COVID-19 on activity and expenses.

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