{"id":25357,"date":"2020-11-06T17:53:10","date_gmt":"2020-11-06T12:23:10","guid":{"rendered":"https:\/\/www.syscreations.ca\/?p=25357"},"modified":"2020-12-17T09:00:22","modified_gmt":"2020-12-17T09:00:22","slug":"ontario-budget","status":"publish","type":"post","link":"https:\/\/www.syscreations.ca\/blog\/ontario-budget\/","title":{"rendered":"Check Out Highlights of Ontario Budget 2020 and How You Could Utilize for Healthcare Opportunities in Canada"},"content":{"rendered":"<p><span style=\"font-weight: 400; color: #000000;\">Protect, Support, Recover &#8211; the three words we\u2019re most likely to hear from every doctor.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">But this is the highlight of the 2020 Ontario Budget and that\u2019s why it is special this time!\u00a0<\/span><\/p>\n<h1><span style=\"color: #000000; font-size: x-large;\"><b>The summary of Ontario Budget 2020 in one image<\/b><\/span><\/h1>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-25358\" style=\"width: 60%; height: 60%;\" src=\"https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2020\/11\/image1.png\" alt=\"\" width=\"100%\" height=\"100%\" srcset=\"https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2020\/11\/image1.png 960w, https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2020\/11\/image1-300x171.png 300w, https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2020\/11\/image1-768x438.png 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\"><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/budget.ontario.ca\/2020\/highlights.html\" target=\"_blank\" rel=\"noopener\"><b>Source<\/b><\/a><\/span><b>\u00a0<\/b><\/span><\/p>\n<h2><span style=\"color: #000000;\"><b>Key highlights of the 2020 Ontario Budget<\/b><b>\u00a0<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400; color: #000000;\">This will reveal which industry the government is more focused on and which industries are anticipated to get a boost due to the budget!<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><b>Money for at-home school cost &#8211; <span style=\"font-weight: 400;\">Parents providing at-home education to kids will now get $200 per child under 12. This program is worth $380 million.\u00a0<\/span><\/b><\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\"><b>Tax credit for seniors &#8211; <span style=\"font-weight: 400;\">Seniors will now get reimbursement of 25% on their eligible renovations costing up to $10,000.\u00a0<\/span><\/b><\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\"><b>Tourism tax credit &#8211; <span style=\"font-weight: 400;\">The government is planning to create a tax credit for up to 20% of spending for visiting Ontario.<\/span><\/b><\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #000000;\"><b>Rural broadband &#8211; <span style=\"font-weight: 400;\">With the government allocating around $680 million to expand broadband access in Ontario, remote and rural areas will now be able to enjoy high-speed internet.\u00a0\u00a0<\/span><\/b><\/span><\/li>\n<\/ul>\n<h2><span style=\"color: #000000;\"><b>The healthcare industry is still the priority for the government &#8211; the budget proves!\u00a0<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400; color: #000000;\">Allocating the highest $2.5 billion for hospitals and the dedicated tweet from premier Doug Ford depicts that healthcare is the focused sector for the government.\u00a0<\/span><\/p>\n<p><center><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ontario\u2019s 2020 Budget was developed to support frontline health workers, protect our most vulnerable, and build the foundation for Ontario\u2019s strong long-term economic recovery. <a href=\"https:\/\/twitter.com\/hashtag\/OntariosActionPlan?src=hash&amp;ref_src=twsrc%5Etfw\">#OntariosActionPlan<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/2020OntarioBudget?src=hash&amp;ref_src=twsrc%5Etfw\">#2020OntarioBudget<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ONpoli?src=hash&amp;ref_src=twsrc%5Etfw\">#ONpoli<\/a> <a href=\"https:\/\/t.co\/YnsafCHEWP\">pic.twitter.com\/YnsafCHEWP<\/a><\/p>\n<p>\u2014 Doug Ford (@fordnation) <a href=\"https:\/\/twitter.com\/fordnation\/status\/1324522733447843840?ref_src=twsrc%5Etfw\">November 6, 2020<\/a><\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><\/center><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">In the last 3 hours, I have discussed this with at least 7 Ontario-based healthcare-focused entrepreneurs and enterprises.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">They all are anticipating that this fresh budget will boost technology adoption across the healthcare centres, especially in hospitals and long-term care homes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Their only concern is whether the healthcare entities will be able to identify the new healthcare opportunities or they will misfire it.\u00a0<\/span><\/p>\n<h2><span style=\"color: #000000;\"><b>Top healthcare opportunities to seize with newly announced\u00a0 budget<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/span><\/h2>\n<p><span style=\"font-weight: 400; color: #000000;\">Since the pandemic hit Canada, we have been learning a new lesson every day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">If we summarize all lessons, lack of technology adoption is the only reason our healthcare system is now cancelling surgeries to not exceed the healthcare system capacity by 100%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Thus, our focus with the newly announced $2.5 billion for the healthcare sector should lie around technology adoption.\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span style=\"color: #000000;\"><b><u>Telemedicine or Virtual Care<\/u><\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">Only around 40% of Ontarians get timely access to healthcare services when they are sick.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">A <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.syscreations.ca\/telemedicine-app-development\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">telemedicine app<\/span><\/a><\/span><span style=\"font-weight: 400;\"> ensures that a patient can talk to a doctor within a few minutes.\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">With digital toolkit and EHR integration, it eases the operations of the healthcare providers and allows them to treat more patients in a given time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">A telemedicine app is the safest and easiest way to seek healthcare for people having chronic conditions and mental illness as they can have the best healthcare service without stepping out of the home.\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span style=\"color: #000000;\"><b><u>Automation<\/u><\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">The staff working in the hospital finds it more difficult to manage patients\u2019 appointments, onboarding, medications, concerns, claims rather than patients\u2019 health.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Over a period of time, they get busier with data management rather than patient treatment.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">By <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.syscreations.ca\/robotic-process-automation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">automating system-based tasks<\/span><\/a><\/span><span style=\"font-weight: 400;\"> with software robots, you will be able to reduce the administrative burdens that will ultimately create more time for healthcare professionals.\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Healthcare professionals can now use this saved time for quality patient care.\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span style=\"color: #000000;\"><b><u>Remote Patient Monitoring<\/u><\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">Healthcare professionals are overburdened. They need to visit each bed individually and record the current biometric status of patients manually.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">A remote patient monitoring system facilitates healthcare professionals to check the current as well as historic biometric values of patients from anywhere in the world through mobile phones.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Customized alerts and real-time automatic recordings make healthcare professionals respond quickly in case of an emergency.<\/span><\/p>\n<ul>\n<li>\n<h3><span style=\"color: #000000;\"><b><u>ePHI Security or Compliance<\/u><\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">In 2019 alone, more than 28 million Canadians have been affected by the data breaches.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Hospitals, medical apps and ePHI they are storing have always been on the radar of hackers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Though there are many privacy laws imposed at federal and state levels, we\u2019re still lacking powerful data surveillance technologies and approaches to make sure ePHI security.\u00a0<\/span><\/p>\n<h2><span style=\"color: #000000;\"><b>They already released #OntarioActionPlan. It is time to prepare, release and execute #YourSuccessPlan.<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400; color: #000000;\">We\u2019re Ontario-based \u2018healthcare technology scientists\u2019. We don\u2019t save lives. We save the efforts and time of our doctors &#8211; so that they can save more lives.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">We spend 8 hours every day with the only aim that a doctor can use the complex healthcare technology within 8 seconds.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">And we\u2019re happy to announce that we made healthcare technologies like IoT, AI, machine learning, RPA as easy as running a music player.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">More than 500 Ontario-based healthcare startups and enterprises have witnessed it in action and around 130 have implemented it so far this year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">They have been tagging it with \u2018life-saving\u2019 and \u2018cost-saving\u2019!<\/span><\/p>\n<p><center><a href=\"https:\/\/www.syscreations.ca\/contact\/\"><img loading=\"lazy\" class=\"aligncenter wp-image-25260 size-full\" style=\"width: 80%; height: 80%;\" src=\"https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2020\/07\/CTA.jpg\" alt=\"\" width=\"659\" height=\"231\" srcset=\"https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2020\/07\/CTA.jpg 659w, https:\/\/www.syscreations.ca\/blog\/wp-content\/uploads\/2020\/07\/CTA-300x105.jpg 300w\" sizes=\"(max-width: 659px) 100vw, 659px\" \/><\/a><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Protect, Support, Recover &#8211; the three words we\u2019re most likely to hear from every doctor.\u00a0 But this is the highlight of the 2020 Ontario Budget and that\u2019s why it is special this time!\u00a0 The summary of Ontario Budget 2020 in one image Source\u00a0 Key highlights of the 2020 Ontario Budget\u00a0 This will reveal which industry [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25371,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ontario Budget 2020: $2.5 Billion of New Healthcare Opportunities<\/title>\n<meta name=\"description\" content=\"Read our list of newly born healthcare opportunities in Canada with Ontario Budget 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.syscreations.ca\/blog\/ontario-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ontario Budget 2020 = Healthcare Budget!\" \/>\n<meta property=\"og:description\" content=\"Top healthcare opportunities to seize with newly announced budget\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.syscreations.ca\/blog\/ontario-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"SyS Creations - IT Management, Compliance &amp; 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