Financial Management Training for Ontario LTC Leaders

This nine-hour course offers a comprehensive introduction to Ontario long-term care funding and reporting basics, along with important updates that will impact your work in 2023 and beyond. Updated annually and delivered by Ministry officials and experts, this popular course provides reliable, up-to-date information for Ontario LTC leaders.
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Financial Management Training for Ontario LTC Leaders

Summary

  • Funding & Budgeting

    Learn about Ontario's LTC funding envelopes, review funding requirements for four hours of care, and deepen your knowledge about best practices in budgeting and reporting.

  • Standards & Benchmarking

    Explore the Ontario Healthcare Standards, learn best practices for managing bad debt, and discover how benchmarking can support your budgeting process.

  • Leveraging Data

    Learn how to use data from the Canadian Institute for Health Information, review the Case Mix Index, and learn to use and interpret the Resident Assessment Instrument.

What You'll Learn

These webinars were first presented live online in September 2023. This course includes 9 hours of on-demand learning.

  1. 1

    • A Message from Learning Hub Sponsor GoEasyCare

    • Part 1: Funding Basics and Budgeting Best Practices (3 hours)

    • Part 2: The Finer Details of Reporting: Processes and Bad Debt Management (3 hours)

    • Part 3: Using Data to Inform Budgeting and Financial Planning (3 hours)

    • LTC Funding and Reporting 2023 Feedback

Investment

AdvantAge Ontario Members enjoy generous discounts on all courses and webinars. Visit advantageontario.ca to learn more about membership today!

Instructors

Erin Schenk

Team Lead, Ontario Ministry of Long-Term Care

Erin Schenk is a Team Lead in the Quality and Innovation Unit of the Strategic Initiatives Branch at the Ministry of Long-Term Care, where she leads key staffing initiatives. Prior to joining MLTC, Erin worked in various positions at other ministries starting in 2006.

Abonti Mukherjee

Policy Analyst, Ontario Ministry of Long-Term Care

Abonti Mukherjee joined the Funding and Programs Branch at the Ministry of Long-Term Care in 2021. Since then, she has worked closely on the LTC Rate Reduction Program which helps subsidize the cost of long-term care for low-income seniors, as well as other initiatives to support long-term care residents.

Brent Martin

Chief Financial Officer, Fairview Parkwood Communities

Brent has almost 30 years of experience in the sector and has worked in several not-for-profit organizations as both Executive Director and Senior Financial Manager. Throughout his career, Brent has worked with Long-Term Care, Retirement Homes, Independent Living Accommodation, Life Lease, Affordable Housing, Seniors Active Living Centres, Adult Day Programs, and Community Support Services. He has had primary responsibility for budgeting, financial reporting and treasury functions in each of his roles.

Yoseph Asfaw

Acting Business Advisor Data Standards Unit, Health Data Branch at the Ministry of Health

Yoseph provides support to ensure long-term care homes understand the Ontario Healthcare Reporting Standards (OHRS) requirements for the Trial Balance data submission.  With over 16 years of experience working on long term care data collection and reporting, project management and data standards, he was recently assigned to supporting priority COVID-19 related data collection projects where he has been instrumental in working with stakeholders on data definitions/standards to support Ontario data requirements. 

Margaret Mao

A/Manager, Health Sector Models Branch, Hospitals and Capital Division, Ministry of Health

Margaret has been working for the Ministry over 15 years and has gained comprehensive knowledge and hands-on experience in funding models, costing methodologies, and financial, statistical and clinical reporting standards. In recent years, she has been leading the team to develop and enhance various evidence-based funding models and analytical products for both hospital and community sectors to support the government priorities. She holds an MBA in Health Services Management from McMaster University.

Ying Liu

Senior Methodologist, Health Sectors Models Branch, Hospitals and Capital Division, Ministry of Health

As a technical lead in the LTC Case Mix (CMI) portfolio, Ying successfully optimized the process of LTC CMI updates and created various tools to track the changes in CMI and funding impacts. In addition, she has applied data mining and SAS (Statistical Analysis System) skills in various program policy development, implementation and evaluation, and funding structure review. She holds a Master of Applied Science in Management Sciences from University of Waterloo.

Melissa Norman

Manager, Quality Improvement and RAI, The Perley and Rideau Veterans’ Health Centre

Melissa Norman is currently the Manager, Quality Improvement and RAI at the Perley and Rideau Veterans’ Health Centre, a 450-bed long term care home in Ottawa. She provides leadership in the areas of quality improvement, enterprise risk management, RAI-MDS, accreditation, organizational performance and business planning. Melissa holds a Masters in Health Administration from the University of Ottawa, is LEAN green belt certified, RAI certified and has completed the IDEAS Advanced Training Program in Quality Improvement sponsored by the Ministry of Health and Long-Term Care.

Sudha Krishnan

Senior Methodologist, Health Sectors Models Branch, Hospitals and Capital Division, Ministry of Health

Sudha is a Senior Methodologist working in Health Sector Models Branch in Ministry of Health. She has over 10 years of knowledge of and solid experience in LTCH & homecare sectors.

Kelly Mireault

Divisional Controller, Health & Emergency Services, County of Simcoe, Corporate Performance Division

Kelly has worked with the County of Simcoe for six years as part of the Health & Emergency Services Finance team, recently taking on the title of Divisional Controller. She is a CPA, CA and has worked as a regulator for public companies and starting at an audit firm. The County of Simcoe operates four long-term care homes along with other housing models for seniors. Kelly has prepared, and is now responsible for, the financial filings required by the Ministry of Long-Term Care for the homes.

Richard G. Lee

Business and Fiscal Planning Advisor, Ministry of Health and Ministry of Long-Term Care

Richard Lee is a Business and Fiscal Planning Advisor with the Ministry of Health and the Ministry of Long-Term Care. He is a CPA CMA and has over 10 years of experience administering funding to the long-term care home sector. Richard organizes the development and implementation of  the Subsidy Calculation Worksheet, Annual Reconciliation Report and Overall Reconciliation in accordance with new, discontinued and revised long-term care home financial policies. He is contacted regularly by the sector for guidance on the ministry’s long-term care home financial regulations, polices and processes.

Mark Schroter

Team Lead, Financial Policies and Procedures Unit, Funding and Programs Branch, MLTC

Mark is the team lead of the Financial Policies and Procedures Unit in the Funding and Programs Branch at MLTC.  He has worked in the Ontario Public Service for ten years, with previous roles at Treasury Board Secretariat and the Ministry of Health.

Testimonials

"Presentations from Ministry representatives make the webinars very valuable, and I benefited from learning how other LTC homes collect the data for financial reporting."

2023 Participant

"So many great topics were covered — it was a nice overview and refresher of key elements."

2023 Participant

"As someone fairly new to long-term care and healthcare overall, it was informative in giving me a better understanding of all the aspects of care and funding combined."

2021 Participant