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Performance Indicators - Financial

St. Michael's Hospital has a long record of financial responsibility. The 2006-2007 fiscal year marks our sixteenth balanced budget in sixteen years.

Interpretation

The data shows we score as a "high performer" compared to the provincial average. This means the Hospital spends money carefully and does not spend more than the government gives us to deliver patient care.

Key

Above provincial average Close to provincial average Below provincial average Blank: unavailable/not applicable

 

Financial Performance and Condition - 2006/07

Indicator Hospital Provincial Teaching Hospital Average LHIN Average Provincial Average
Total Margin (%) 1.9 1.1 2.2 1.3
Current Ratio 2.3 0.7 0.9 0.8

 

Revenue - 2006/07 (click graph for larger version)
Revenue graph

Revenue Fiscal Year 2006/07
April 1, 2006 - March 31, 2007
  percent (%) ($000s)
Ontario Ministry of Health and Long Term Care 73.2 389,063
Other funded programs 2.8 14,812
Preferred accommodation 1.1 5,848
Inpatient 1.4 7,670
Outpatient 3.9 20,531
Sales and other revenue 6.9 36,919
Amortization of deferred contributions 9.7 51,538
Ontario Ministry of Health and Long Term Care - Casey House 1.0 5,346
Totals 100.0 531,727

 

Expenses - 2006/07 (click graph for larger version)
Expenses graph

Expenses Fiscal Year 2006/07
April 1, 2006 - March 31, 2007
  percent (%) ($000s)
Salaries and employee benefits 62.4 330,577
Medical and surgical supplies 8.1 42,925
Drugs 5.8 30,509
Other supplies 14.7 77,933
Amortization of property, plant and equipment 5.1 27,016
Other funded programs 2.8 15,074
Ontario Ministry of Health and Long Term Care - Casey House 1.0 5,346
Totals 100.0 531,727