Financials:
The Ottawa Hospital
Revenue distribution 2024-2025
$2,159M
(Budget $2,015M)
Explanations for revenue variance
Actual revenues are higher than budgets due to additional funding received to offset expenses related to the repeal of Bill 124, higher than expected Ministry of Health Global and Growth & Efficiency Model (GEM) revenues, and higher than budgeted patient related revenues due to increased patient care activity across the hospital.
Expenditure distribution 2024–2025
$2,150M
(Budget $2,082M)
Explanations for expenditure variance
Actual expenses are higher than budget mainly due to increased salary & benefits costs associated with inflationary increases, increased expenditures associated with supporting the increase in patient care activity, and other inflationary cost pressures related to contracts and supplies.
Risks impacting the hospital
Risks resulting from growth in patient volumes, inflationary pressures, supply chain issues due to tariffs, aging infrastructure and workforce sustainability.
The Ottawa Hospital Financial Statements, year ended March 31, 2025
Ottawa Hospital Research Institute
Revenue distribution 2024-2025
$154M
Expenditure distribution 2024–2025
$148M