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Financial Performance

The Niagara Health System publishes its audited financial statements every year as part of our financial accountability and responsibility to the community. You can also find salary disclosure information and a list of competitive procurements (PDF) online.

The hospital has made significant progress in improving our financial health, given the economic downturn and an environment of reduced annual funding for hospitals.

The NHS was very close to balancing our budget in 2013-14, ending the fiscal year with a $470,000 deficit on an operating budget of $467 million.

We undertook a creative and thoughtful budget process again this year, and our team continues to work hard to achieve a balanced budget for the 2014-15 fiscal year.

Our staff’s ongoing commitment is to find efficiencies while maintaining service levels, and we are focused on finding new innovative approaches to delivering quality care.