The six-community-hospital system actually reported an operating loss of $53 million for the three months ended Dec. 31 if exceptional items such as a pandemic-related federal grant is not included. Overall income totaled approximately $480 million, up from almost $105 million in 2021.
“Mass General Brigham’s financial performance continues to be impacted by external pressures, including a severe capacity crisis, elevated cost inflation and significant workforce vacancies,” management said in the Feb. 10 filing.
Operating expenses for the period totaled $4.5 billion, up 8.7 percent from the same period in 2021.
The latest figures come after Mass General Brigham said it is implementing a number of cost-cutting measures following reported losses of over $2 billion in fiscal 2022.
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