Financial Statements
We have developed an audited report on our financial activities and position over the past fiscal year. The report shows how we put your health care dollars to work.
Audited Financial Statements
If you would like help navigating this information or would like to see an expense report for a past fiscal year or require this information in another format please, contact us.Financials
As part of our commitment to making every dollar count for our patients and community, the following information summarizes Headwaters’ financial results for the fiscal year ending March 31, 2024.
The hospital was in a surplus position of $747K for the year ended March 31, 2024, due to increases in base funding, new one-time investments relating to surgical innovation, agency staffing, and surgical global funded volumes, and timing of Bill-124 funding received.
Revenue $107.7 million
Revenues increased by $10.5M or 11% from the previous fiscal year. Ontario Health base and one-time funding including Bill-124, drug rebates, volume increases in Oncology, Dialysis and Diagnostic Imaging, along with an increase in Other Programs funding contributed to the majority of the revenue increase.
Expenses $106.9 million
Total expenses increased by $8.7M or 9% relating primarily to Bill-124 compensation costs, inflation, increased patient volumes, drug costs and expense increases relating to Other Programs.
Contact Us
519-941-2410
100 Rolling Hills Drive
Orangeville, ON
L9W 4X9
We are dedicated to safe, high-quality care, Headwaters is proudly accredited with Exemplary Standing.