10
Nov 2025
Key hospital financial data quietly vanishes from public reports
Published in News on November 10, 2025
Recent analysis from The Age has revealed that two critical financial performance measures have been removed from the annual reports of Victorian public hospitals — raising questions about transparency and accountability in the state’s health system.
What’s missing
The removed indicators include:
- The number of days of cash available at the end of each month for each health service — a key liquidity measure.
- The average time taken by health services to pay their creditors — a measure of financial health and operational efficiency.
These indicators were previously published annually, allowing government, auditors, media and the public to monitor short-term financial stress across the hospital network. Their removal has drawn criticism from health-sector observers and transparency advocates.
Dump day deficits reveal financial strain
While these metrics have disappeared from many reports, last week’s “dump day” — when all Victorian public health services release their annual reports — revealed the deep financial challenges facing the sector.
According to The Age, the health services with the largest reported deficits for the 2024-25 financial year included:
- Austin Health (which operates The Austin Hospital, Heidelberg Repatriation Hospital and Royal Talbot Rehabilitation Centre) — net deficit of -$142 million
- Western Health (responsible for Footscray Hospital, Sunshine Hospital and Williamstown Hospital) — net deficit of -$117 million
- Eastern Health (covering Box Hill Hospital, Maroondah Hospital and Angliss Hospital) — net deficit of -$55 million
- Alfred Health (which runs The Alfred, Caulfield Hospital and Sandringham Hospital) — net deficit of -$53 million
- Mercy Hospitals Victoria (which includes Mercy Hospital for Women in Heidelberg and Werribee Mercy Hospital) — net deficit of -$50 million
These figures underline the scale of the funding pressure on Victoria’s major health services, with several hospital groups now operating at significant deficits despite increased demand for care and higher costs across staffing and supplies.
Why this matters
- Liquidity risk hidden: Without visibility into days of cash available, it is harder to identify hospitals at immediate risk of financial stress.
- Transparency gap: The removal of these figures from public reports weakens accountability for taxpayer-funded institutions.
- Sector-wide impact: Ongoing financial stress can delay redevelopments, limit bed capacity, and increase service wait-times — factors that affect patients, staff and associated sectors such as nearby accommodation providers.
- Hospital Stays perspective: For Hospital Stays, transparency around hospital finances is crucial to understanding how service changes and hospital upgrades influence short- and long-term accommodation demand near major hospitals.
Implications for stakeholders
The deficits identified on “dump day” highlight a fragile financial landscape that could influence how hospitals manage services and plan for future capital works. For accommodation providers such as Hospital Stays — which connects patients, families and medical staff with housing near hospitals — these financial indicators are not abstract figures; they directly inform how we plan supply around hospital precincts and respond to fluctuations in patient admissions and service expansions.
The removal of key financial indicators from hospital reports, coupled with the significant deficits revealed by The Age, paints a concerning picture of financial strain across Victoria’s public health system.
For the wider community — and for organisations such as Hospital Stays that operate in close alignment with hospital activity — restoring transparency is vital. Clear, consistent reporting enables better planning, accountability and confidence that hospitals can continue to deliver care while sustaining their essential operations.