The future financial balance of the Princess Grace Hospital was firmly in focus this week as His Serene Highness Prince Albert II and Health Minister Christophe Robino reiterated the need for strict budgetary discipline to safeguard one of the Principality’s flagship institutions…
During the traditional New Year’s address to staff, delivered on behalf of the Sovereign, Christophe Robino paid tribute to the hospital’s teams, praising their role in securing the “High Quality of Care” certification awarded by the French High Authority for Health. He underlined the Government’s commitment to supporting the transition from the current hospital to the new CHPG complex, while stressing that this must be achieved under carefully controlled financial conditions.
HSH Prince Albert II warned that the hospital is facing a “demanding financial situation,” calling for a collective management approach “characterised by the utmost rigour” in the years ahead. This discipline, he stressed, should not be seen as a constraint but as a necessary safeguard to preserve the CHPG’s virtuous model, ensure the long-term viability of the new establishment, and allow genuinely strategic medical projects to emerge.
The Sovereign also reiterated his wish for a lasting agreement with the French authorities on the reform of hospital funding, amid ongoing and complex negotiations. Hospital tariffs have been frozen since 2022, adding pressure to the institution’s operating balance.
Looking ahead, the possible transition to activity-based pricing was described as a major structural shift, one that must be fully integrated into the planning of future services. The message from the Princely Palace and the Government is clear: medical ambition and financial reality must advance hand in hand to secure the CHPG’s future.
Image: Stephan Denna
