Which Massachusetts Hospitals Are Most Profitable?
The median profit margin for acute-care hospitals in Massachusetts was 3 percent in the second quarter of the 2013 fiscal year, according to a report from the Massachusetts Center for Health Information and Analysis.
The margin was down slightly from the same period in FY 2012, but Massachusetts hospitals have still shown higher profitability since the recession started in 2008.
Overall, 44 hospitals posted a surplus. Several of the state's largest teaching hospitals continued to be among the most financially sound. Six hospitals in particular each recorded at least $40 million in profit in the second quarter.
Here were the six most profitable Massachusetts hospitals, according to the most recent second-quarter figures from the CHIA.
• Boston Children's Hospital: $93.3 million
• UMass Memorial Medical Center (Worcester): $70.7 million
• Beth Israel Deaconess Medical Center (Boston): $67.4 million
• Baystate Medical Center (Springfield): $55.4 million
• Massachusetts General Hospital (Boston): $48.6 million
• Brigham and Women's Hospital (Boston): $41.7 million
Conversely, 20 Massachusetts lost money in the second quarter. Nine of the 10 hospitalsl within Boston-based Steward Health Care System, most of which are disproportionate share hospitals, recorded red ink.
Here were the six hospitals that recorded the biggest losses in the most recent quarter.
• Cambridge Health Alliance: $17.8 million
• North Shore Medical Center (Lynn): $12.8 million
• Quincy Medical Center: $5.6 million
• Carney Hospital (Dorchester): $2.8 million
• Nantucket Cottage Hospital: $2.5 million
• Merrimack Valley Hospital (Haverhill): $2.1 million
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