In the most recently reported fiscal year, Maine hospitals reported a median operating profit margin of negative 17.74 percent.
Brewer, Maine-based Northern Light Health, one of the largest systems in the state, lost $131.7 million in the fiscal year ending in September.
The system recently had its credit outlook downgraded after transferring 1,400 workers to health services company Optum.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.