The Ottawa Hospital
Revenue distribution 2023-2024
Ontario Ministry of Health and Long-Term Care
75
Sundry and ancillary
12
Patient services
10
Amortization of grants
2
Preferred accommodation and copayment
1
$2,042M (Budget $1,817M)
Explanations for revenue variance
Actual revenues higher than budgets due to unbudgeted revenues received during the year, including reimbursement for COVID-19 incremental costs, for new bedded capacity and volume funded activity not anticipated at the commencement of the fiscal year and due to recording of unearned revenues for volume-driven activity based on the Ministry of Health flexibility funding.
Expenditure distribution 2023–2024
Salaries
54
Other supplies
21
Medical and surgical supplies
7
Drugs and gases
8
Medical staff
5
Depreciation and amortization
0
Interest
0
$2,043M (Budget $1,869M)
Explanations for expenditure variance
Actual expenses higher than budget mainly due to incremental COVID-19 expenses incurred, which were partially reimbursed by the Ministry of Health, expenses for new bedded capacity, and retroactive wage adjustments resulting from the repeal of Bill 124.
Risks impacting the hospital
Risks resulting from the permanent impacts of pandemic, supply chain issues, health care human resource shortages and impacts from the repeal of Bill 124.
Non-Consolidated Financial Statements and Consolidated Financial Statements of The Ottawa Hospital. Year Ended March 31, 2024.
Ottawa Hospital Research Institute
Revenue distribution 2023-2024
External grants, contracts, salary awards
74
Indirect cost and investment income
16
The Ottawa Hospital Foundation
6
The Ottawa Hospital
3
University of Ottawa
1
$148M
Expenditure distribution 2023–2024
Research project expenses
70
Scientific salaries
17
Other research expenses
6
Administrative expenses
5
Amortization of capital assets
2
$141M
Top 10 sources of peer-reviewed funding
| Amount | Source |
|---|---|
| $21.5M |
Canadian Institutes of Health Research
|
| $4.34M |
Michael J. Fox Foundation
|
| $1.98M |
The Ottawa Hospital Academic Medical Organization
|
| $1.75M |
Public Health Agency of Canada
|
| $1.46M |
Ontario Ministry of Research and Innovation
|
| $1.30M |
Ontario Ministry of Health
|
| $1.27M |
Stem Cell Network
|
| $0.98M |
BioCanRx
|
| $0.95M |
Ontario Institute for Cancer Research (OICR)
|
| $0.92M |
Health Canada
|