Financial and Performance

 

The Red Lake Margaret Cochenour Memorial Hospital is committed to operate and manage public funds with fiscal responsibility and to provide the highest standards of care at the best value.

 

We publicly post our service agreements, executive travel expenses and compensation, voluntary board members business-related expenses, audited financial statements and our performance scorecards to keep our commitment to accountability and comply with legislative requirements set by the Broader Public Sector Accountability Act.

 

The following documents are available to the public and can be viewed, downloaded or printed:


 

 

Hospital Funding in Ontario - A Quick Overview



The main source of hospital funding is government funding, which flows from the Ministry of Health and Long-Term Care to the Local Health Integration Networks. The LHIN's are responsible for planning health services and overseeing the integration and coordination of local health services to make it easier for clients/patients to access the care they need. Red Lake is located within the Northwest Health LHIN 14.


Provincial funding covers approximately 75% of the operating costs for hospitals. Other sources of revenue include revenue-generating activities, other government sources (e.g. Federal funding, inter-provincial healthcare, WSIB and private, etc.), grants and charitable donations.


Go to the Northwest LHIN website and find more about northwestern Ontario LHIN and the current Health Blueprint.

 

 

 

 


Resource Library:

application/pdf

Red Lake Margaret Cochenour Memorial Hospital Executive Compensation 2018.pdf

Resource added on 2018-11-08 to Executive Contracts
application/pdf

Board-Executive Travel April 30-19 to Oct 31-19

Board-Executive Travel April 30-19 to Oct 31-19
Resource added on 2019-11-26 to Expense Reports & Related Policies
application/pdf

BPSAA, Report on Consultant Use, April 2017

Resource added on 2018-11-08 to Service Agreements
application/pdf

Broader Public Sector Accountability Agreement (BPSAA), Attestation, April 2017

Resource added on 2018-11-08 to Service Agreements
application/pdf

Broader Public Sector Perquisites Directive, 2016

Resource added on 2018-11-08 to Expense Reports & Related Policies
application/pdf

Financial Statements 2017-2018

Resource added on 2018-11-08 to Hospital Audited Financial Statements
application/pdf

Financial Statements 2018-2019

Audited Financial Statements 2018-2019
Resource added on 2019-10-04 to Hospital Audited Financial Statements
application/pdf

Financial Statements 2019 -2020

Audited Financial Stms 2019-2020
Resource added on 2020-09-11 to Hospital Audited Financial Statements
application/pdf

HSAA, Amending Agreement, 2020

Resource added on 2018-11-08 to Service Agreements
application/pdf

MSAA, Amending Agreement, 2020

Resource added on 2018-11-08 to Service Agreements
application/pdf

Multi-Sector Service Accountability Agreement (MSAA), Declaration of Compliance, May 2017

Resource added on 2018-11-08 to Service Agreements
application/pdf

Travel, Meal, & Hospitality Expenses Policy, 2018

Resource added on 2018-11-08 to Expense Reports & Related Policies