Massachusetts hospitals reported a total median margin of 3.1 percent in fiscal year 2016, down 0.7 percentage points from the year prior, according to a Massachusetts Center for Health Information and Analysis report.
The center's analysis, "Massachusetts Acute Hospital and Health System Financial Performance: FY 2016," comprised 12 months of financial data for hospitals statewide.
The report revealed most of the state's hospitals were in the black in fiscal year 2016. Forty-seven of Massachusetts' 63 acute hospitals generated profits that year. In addition, 22 of the state's 29 umbrella health systems achieved profits.
Boston Children's Hospital and its subsidiaries, Shriners Hospitals for Children in Tampa, Fla., and Dallas-based Tenet Healthcare represented the most profitable hospital systems to operate in the state. Boston-based Partners HealthCare recorded the largest deficit in fiscal year 2016 at $249 million, largely reflecting losses accrued through its Neighborhood Health Plan.
For the full report, click here.
Editor's note: This article was updated Aug. 31, 2017 at 4:20 p.m.