While record breaking amounts of snow piled up on the Boston streets, expenses piled up at Partners. The system reported $2.8 billion in overall expenses in the second quarter ending March 31, up 6 percent from Q2 last year, according to the report.
Revenues for Q2 totaled $2.78 billion, up from $2.66 billion for the same period of 2014. However, climbing expenses, shifts in payer mix and the winter weather that kept many patients from getting to appointments led to a $17.5 million operating loss for the organization.
The loss was partially offset by Partners’ insurance plan, the Neighborhood Health Plan, which brought in a $1 million operating gain. However, according to the Boston Business Journal, this gain is primarily the result of an accounting adjustment.
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