Despite hospitals failing to reach key waiting period benchmarks, a record 170,190 elective surgery patients have been treated in Victorian hospitals.

A record number of elective surgery patients have passed through Victoria's hospitals, despite hospitals failing to reach waiting period targets.

The Health Department's annual report revealed 170,190 patients underwent elective surgery in public and private hospitals.

But just 69 per cent of semi-urgent category two elective surgery patients were admitted for surgery within the 90 day benchmark period in 2013-14.

The result is a 4.5 per cent improvement on the previous financial year but still below the 80 per cent target.

Non-urgent figures were slightly better, with 90 per cent of patients admitted within a year while all urgent patients were admitted for surgery within 30 days.

"The 2013-14 state budget provided $420.7 million over four years to be allocated on a competitive basis to drive efficiencies in elective surgery, meet increasing levels of demand and treat more Victorian elective surgery patients sooner," the report said.

A new $15 million public-private funding pool allowed for the creation of seven new public and private sector partnerships this year.

"It is estimated that 2235 operations were provided through these partnerships, which added almost 200 operations than would have been provided through standard hospital budget allocations."

Copyright AAP 2014.