Hospital Research Spending Slows

TORONTO, Nov. 10, 2016 /CNW/ - Fiscal 2015 research spending at Canada's leading research hospitals, hospital networks and health authorities totaled $2.39 billion in Fiscal 2015, down -0.3% from $2.40 billion reported in Fiscal 2014, according to Research Infosource Inc., which today released its Canada's Top 40 Research Hospitals 2016 list.  At the same time, the number of health researchers expanded by 3.5% to 8,280 nation-wide.

Toronto's University Health Network topped the list with $316.3 million of research spending, ahead of Hospital for Sick Children ($182.0 million), McGill University Health Centre ($172.2 million), Hamilton Health Sciences ($167.4 million) and Provincial Health Services Authority ($133.9 million).  In total, 8 organizations reported more than $100 million of research spending the same number as the prior year.

In total, twenty Ontario organizations accounted for 57.4% of the Top 40 total research spending, followed by 12 Quebec institutions (24.4%) and two British Columbia groups (11.0%).

Research spending growth was highest at The Royal (35.7%), Alberta Health Services – Calgary Zone (25.6%), Children's Hospital of Eastern Ontario (25.5%), Capital District Health Authority (24.2%) and Holland Bloorview Kids Rehabilitation Hospital (16.2%).

"Hospital research spending declined modestly this year among the Top 40", said Ron Freedman, CEO of Research Infosource Inc.  "Overall, research spending rose at 26 organizations and fell at 13 for those we had full year-over-year data.  However, spending fell at 4 of the top 10 performers, which dragged down the national average."

Nationally, researcher intensity (research spending per researcher) fell by -3.7% to $289,100 per researcher.  The most researcher-intensive organization in the large hospital category was Alberta Health Services – Calgary Zone ($744,200 spending per researcher).  The medium size category was led by Sinai Health System ($750,300 per researcher), while the Institut de Cardiologie de Montréal ($624,400 per researcher) headed the small-hospital category.

"Overall, we're in a declining spending environment", said Mr. Freedman.  "However, the number of researchers grew modestly so available resources are being spread over a larger base of researchers."

For complete information: http://www.researchinfosource.com/top40_hosp.php

About Research Infosource Inc.

Research Infosource Inc. is Canada's source of R&D intelligence.  Drawing from proprietary databases, Research Infosource Inc. publishes Canada's Innovation Leaders, which includes Canada's Top 100 Corporate R&D Spenders List, Canada's Top 50 Research Universities List, Canada's Top 40 Research Hospitals List and Canada's Top 50 Research Colleges List.  As well, Research Infosource publishes specialized reports and The Innovation Atlas of Canada™ – a web-based research and innovation mapping and data information product.

SOURCE Research Infosource Inc.

Image with caption: "Research Infosource Inc. (CNW Group/Research Infosource Inc.)". Image available at: http://photos.newswire.ca/images/download/20161110_C1855_PHOTO_EN_815141.jpg

For further information: For additional information or for an interview, please contact: Ron Freedman, CEO, Research Infosource Inc., Telephone: (647) 345-3434 ext. 22, Cell: 416-879-9000, Email: ron@researchinfosource.com

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http://www.researchinfosource.com/

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