The profit represents a 19 percent gain over fiscal year 2009, when the health system posted a profit of $164 million on a revenue of $7.6 billion.
The system posted an operating margin of 2.4 percent, which a healthcare analyst called “healthy” for the hospital industry.
The hospitals experienced a $815 million shortfall in treating patients covered by government payors, but this was offset by increases in research revenues and other revenues not associated with patient care, such as clinical trial and medical consulting fees.
Read the Boston Globe report on Partners HealthCare.
Read more coverage on Partners HealthCare:
– Massachusetts Healthcare CEOs to Providers, Insurers: Time to Live With Less
– Harvard Medical School Sets Strict Conflict of Interest Rules
– Massachusetts’ Partners HealthCare Reports 35% Drop in Income
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