Boston Medical Center had a $24.5 million loss from operations and an overall loss of $10.3 million for the fiscal year that ended Sept. 30, according to a report by the Boston Business Journal.
The hospital reported an operating margin of negative 2.5 percent for the fiscal year, citing lower reimbursements from federal and state payors, including $133 million in reimbursement cuts for the year.
In July, the 626-bed hospital sued the state over cuts in Medicaid reimbursements, saying it was receiving 64 cents back for every $1 it spent on care.
Read the Boston Business Journal’s report on Boston Medical Center.
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