The margin was down slightly from the same period in FY 2012, but Massachusetts hospitals have still shown higher profitability since the recession started in 2008.
Overall, 44 hospitals posted a surplus. Several of the state’s largest teaching hospitals continued to be among the most financially sound. Six hospitals in particular each recorded at least $40 million in profit in the second quarter.
Here were the six most profitable Massachusetts hospitals, according to the most recent second-quarter figures from the CHIA.
• Boston Children’s Hospital: $93.3 million
• UMass Memorial Medical Center (Worcester): $70.7 million
• Beth Israel Deaconess Medical Center (Boston): $67.4 million
• Baystate Medical Center (Springfield): $55.4 million
• Massachusetts General Hospital (Boston): $48.6 million
• Brigham and Women’s Hospital (Boston): $41.7 million
Conversely, 20 Massachusetts lost money in the second quarter. Nine of the 10 hospitalsl within Boston-based Steward Health Care System, most of which are disproportionate share hospitals, recorded red ink.
Here were the six hospitals that recorded the biggest losses in the most recent quarter.
• Cambridge Health Alliance: $17.8 million
• North Shore Medical Center (Lynn): $12.8 million
• Quincy Medical Center: $5.6 million
• Carney Hospital (Dorchester): $2.8 million
• Nantucket Cottage Hospital: $2.5 million
• Merrimack Valley Hospital (Haverhill): $2.1 million
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