ORMC MCC Business Plan ORMC_MCC_Business_Plan_032319 - Page 3

EXECUTIVE SUMMARY From 2008 to 2016, twelve municipalities supported the operations of the Onoway Medical Clinic by providing an annual $76,000 cash subsidy to the clinic’s operator. Concerns about the sustainability of a permanent and growing subsidy led these municipal partners to consider alternative funding structures. A business case was developed that suggested the Clinic could be operated for profit without a municipal subsidy, and in January 2017, six municipal partners (the Town of Onoway; Lac Ste. Anne County; and the Summer Villages of Ross Haven, West Cove, Silver Sands and Val Quentin) assumed operations of the Onoway Regional Medical Clinic (ORMC). The initial commitment was for a two-year trial to prove a business case for a medical clinic in Onoway operated without subsidy. The results of this trial have been nothing short of remarkable. At the end of the two-year mark, ORMC was operating with a small profit, which was reinvested into the facility. The clinic exceeded revenue projections by 11% in 2017 and 15% in 2018. With the viability of a medical clinic in Onoway proven, it is now time to initiate the process of incorporating ORMC as a Municipally Controlled Corporation (MCC). An MCC is a For-Profit Corporation established to provide services and benefits to residents of the municipality, where a municipality holds the majority control of appointing directors. The shareholders of the ORMC MCC will be the municipal partners that undertook the ORMC initiative in 2017 and will operate under an agreement with similar terms to that of the original pre-incorporation agreement signed by the parties. As an MCC, the ORMC will be better able to deliver on its mission to provide access to a growing variety of medical services within the local community in a financially sustainable way, free of the burden of subsidy from local governments. Providing local families with a place to grow healthy and strong and providing the services required for our elders to age within the communities they built. An expanded medical facility provided by Lac Ste. Anne County’s Legacy Municipal Land Corporation will allow the clinic to increase the medical services available to our residents. The ORMC MCC success will be measured by the growing variety of medical services available in the area and seniors are able to age in place as needed medical services are available locally. Municipally Controlled Corporation Business Plan .3