80% of Massachusetts hospitals made a profit in 2015

Despite economic pressures, 52 of Massachusetts' 65 hospitals ended fiscal year 2015 with a net profit, reports The Boston Globe.

Massachusetts' center for health information and analysis collects and reports on annual and quarterly financial data from acute care hospitals across the state. The department issued its annual report for FY 2015 Thursday.

Below are four findings.

1. Hospitals overall posted a median operating margin of 3 percent of revenue. Average net profit margin, including investment income, was 3.7 percent in FY 2015 compared to 4.2 percent in FY 2014.

2. Hospitals' median current ratio, or their liquidity, remained consistent with FY 2014 at 1.6 percent.

3. Among the state's most profitable hospitals were Massachusetts General Hospital in Boston, Baystate Medical Center in Springfield and Brigham and Women's Hospital in Boston. The hospitals' net incomes in FY 2015 were $201.1 million, $76.8 million and $60.8 million, respectively.

4. Hospitals remained profitable despite a spike in medical errors last year. Full-service hospitals disclosed 1,313 errors in 2015 compared to 788 errors in 2014, or about a 60 percent increase, according to the Massachusetts health department.

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