To: HSN Employees, Medical Staff, Learners and Volunteers From: Daniel Giroux, HSN and HSNRI Board Chair Dr. Catherine Cervin, HSN and HSNRI Board Vice Chair Stéphan Plante, HSN and HSNRI Board Treasurer and Chair-Elect Date: November 22, 2022 ____________________________________________________________________________________ Last week, the Auditor General of Ontario released her review of Laurentian University from 2010 to 2020. We are not in a position to speak in any detail to the Auditor General’s Review. It is outside our area of knowledge. We would imagine this situation has raised some questions for you on HSN and HSNRI’s financial health given Dominic Giroux is a former president at Laurentian University. We wanted to take a moment to provide some reassurance to you on our sound financial position, and convey our extraordinary confidence in Dominic Giroux as our President and CEO. Since Dominic joined HSN and HSNRI in 2017-18, our cash position, working capital, net assets and long-term debt improved in both organizations. When Dominic Giroux took over five years ago, HSN was incurring a deficit of $1 million per month. HSN incurred a surplus from hospital operations of $1.8 million in 2018-19, $0.3 million in 2019-20, $2.9 million in 2020-21 and $1.9 million in 2021-22. As of March 31, 2022, HSN’s cash position and net assets are at their highest levels since 1999. HSNRI incurred surpluses of $496,449 in 2017-18, $19,711 in 2018-19, $5,554 in 2019-20, $125,464 in 2020-21 and $3.2 million in 2021-22. With the support of many, Dominic has done an excellent job co-chairing the pandemic response for the health sector in Northern Ontario at the request of Ontario Health. Since he took the helm back in 2017, HSN secured a favourable third party validation of its approved 2018 budget, operating funding for 198 hospital beds in Greater Sudbury, final approvals for the PET-CT, provincial approval for a second MRI, a Stage 1 planning grant for our capital redevelopment, $21.6 million from the Province for the Labelle Innovation and Learning Centre, $3.4 million to relocate the Children’s Treatment Centre to Southridge Mall and $10 million for renovations to open 52 new beds by 2023. We must stress that these accomplishments would also not have been possible without the dedication and hard work of our teams at HSN and HSNRI. A 20-year Capital Master Plan was developed and endorsed by Ontario Health. Our foundations are working closely together more than ever before and already raised $19 million for the local share of Phase 1 of our capital redevelopment. We succeeded in securing support from all acute hospitals in the North East to implement a regional electronic medical record by 2024. 2 As well, today HSN performs at or above the average of Ontario hospitals on 13 of 19 indicators tracked by the Canadian Institute for Health Information. It is recognized by Ontario Health as #1 on quality improvement indicators among Ontario’s 14 regional cancer programs. We are fully confident in the job Dominic has done as CEO – a job that was recently validated by being chosen by his peers to be the Chair of the Ontario Hospital Association at a time of great challenge in Ontario’s health care sector. Finally, we want to seize this opportunity to thank you all for the exceptional work that you do each and every day to provide high quality health services, support learning and generate research that improves health outcomes for the people of Northeastern Ontario. It is a privilege for us to serve in governance leadership roles at HSN and HSNRI supporting your efforts.