Windsor Regional Hospital has cut its deficit to $18.3 million, down from $38.5 million the previous fiscal year, and aims to achieve a balanced budget by 2028.
During the hospital board’s annual general meeting on Thursday, president and CEO Kristin Kennedy—who took the reins in January—outlined plans to eliminate the deficit. “I see the summer months as a turning point where leadership, with the guidance of the board, can develop a strong two-year back-to-budget plan,” Kennedy said. “This focused approach will help us position ourselves stronger and more sustainable for the future.”
Revenue Growth and Efficiency Measures
The hospital increased revenue by boosting patient volumes and reducing wait times for diagnostic imaging. It also generated additional income through cancer procedures and accessed new funding for neonatal unit beds. Kennedy emphasized that the hospital is “looking at efficiencies, additional revenue opportunities, (and) performance-based outcomes that will hopefully improve and generate additional income as well, as we look at staffing efficiencies.”
When asked if staffing cuts would result from these efficiencies, Kennedy said she is “still in the throes of understanding the budget,” having joined Windsor Regional a few months ago. “We have work to do over the summer, and our commitment is to reporting that out to the board in September,” she added.
Financial Performance and Outlook
According to a report from hospital board treasurer Chris Lanoue, Windsor Regional brought in $771 million in revenue for the fiscal year ending March 31, 2026—an increase of approximately $40 million from 2025. Expenses reached $789 million, up roughly $20 million from the prior year, with “rising salaries, wages, and benefits being the largest driver,” Lanoue said.
Despite back-to-back deficits, Lanoue noted that “the hospital still has sufficient cash and resources to meet its future obligations and capital investment needs.”
Patient Care Statistics
The hospital’s annual report for 2025/26 shows it discharged 33,311 acute patients, delivered 3,741 babies, handled 33,451 day surgery and endoscopy cases, and recorded 96,559 emergency department visits. Kennedy expressed confidence that the hospital can achieve financial stability while maintaining quality care.
