Niagara Health reports $26M deficit despite making strides in patient care, CT accreditation

Niagara Health’s annual report shows the hospital system had a $26 million deficit in the 2024-25 fiscal year. That’s more than double the $9.6 million deficit reported the previous year.

No word yet on what this means for Niagara Health staff or resource allocation moving forward.

Despite the deficit, the report takes a positive tone – highlighting significant accomplishments such as enhancing patient safety and quality, reducing hospital-acquired infections, and investing in new wellness programs for staff. 

“Transformation is never easy, but this year’s report reflects the real progress we’re making – together,” Lynne Guerriero, President and CEO of Niagara Health said in a statement. 

“From strengthening our workforce to improving how care is delivered, every step forward is guided by our shared vision of building a more equitable, connected and sustainable hospital system for everyone in Niagara.”

Niagara Health also received CT accreditation this year from the Canadian Association of Radiologists, confirming that the hospital system’s CT imaging services meet or exceed standards for quality, safety and expertise.

Indigenous health services and reconciliation was also highlighted in the report. According to Niagara Health, a new agreement between the hospital system and the Indigenous Primary Health Care Council was formalized this year – marking a partnership that will focus on Indigenous-led health programs that blend hospital, primary and community-based healthcare services for Indigenous Peoples.

“We recognize the best health outcomes for Indigenous communities are achieved when care is led by Indigenous Peoples, grounded in Indigenous knowledge and guided by community priorities,” the statement reads.

READ MORE: Niagara Health launches new program to connect youth with family doctors