44 Massachusetts acute hospitals reported operating surpluses in FY 2017, 4 other findings

A number of Massachusetts acute hospitals experienced positive financial results in fiscal year 2017, according to a report from the state's Center for Health Information and Analysis.

The report examined fiscal year 2017 financial results at systems with multiple acute care hospitals and at independent health systems. Overall, researchers analyzed data from nine multi-acute systems and 19 independent health systems, comprising 62 acute hospitals statewide.

Five findings:

1. Forty-four hospitals reported operating surpluses, while 11 parent systems reported operating surpluses.

2. Across Massachusetts, the median acute hospital total margin, reflecting surplus as a percentage of total revenue, including operating and nonoperating activities, was 3.2 percent. That's up 0.1 percentage points from fiscal year 2016.

3. The median acute hospital operating margin was 1.6 percent statewide, down 1.2 percentage points from the prior fiscal year.

4.  Most hospital-affiliated physician organizations reported a financial loss.

5. Nearly all studied acute hospitals (58) reported positive net assets.

Read the full report here.

 

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