Inflation, higher labour costs and rising prices of medication have made a significant impact,
Financial pressures are crushing hospitals all over Ontario, and the Niagara region is no exception.
Niagara Health tells us its reporting a $26-million deficit for this year, 3.2% of the $801-million operating budget hammered by rising costs, increasing demand and challenges.
It says inflation, higher labour costs and rising prices of medication have significant impact, with more than 80% directed to staffing and medical supplies. Niagara Health also tells us another big problem is people who no longer need care, but can't go anywhere due to lack of support elsewhere, that costs the hospital $857 a day per patient.
While it cannot control who needs hospital care, Niagara Health says it's investing in major infrastructure projects to handle the pressures.
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