Earlier today, we released our quarterly report on the financial performance of Massachusetts hospitals. This edition includes the first three quarters of fiscal year 2010.
Overall, hospitals did well. More than three-fourths of the Commonwealth’s sixty-five acute hospitals earned a profit during the period, and the number of hospitals with non-operating losses (17%) fell by half from fiscal year 2009 (34%). The median total margin – the amount of surplus relative to a hospital’s revenue – rose to 2.5%.
As the primary hospital monitoring agency in the state, DHCFP collects annual and quarterly data that allow us to monitor the financial health of Massachusetts’ hospitals. Hospitals are an integral part of our health care system, an engine of economic growth in this state, and often a significant employer in the community. Therefore, it is critical that we understand how each hospital is performing.
Because Massachusetts hospitals are so different – from large teaching hospitals to small critical-access hospitals – we review how peer groups of teaching hospitals, community hospitals, and disproportionate share hospitals, serving predominately low-income government-sponsored populations, perform relative to each other. For instance, the agency conducts geographic analyses to identify regional differences in profitability.
In addition to the quarterly reports, we produce individual hospital fact sheets that allow for a much finer analysis of the data. These fact sheets include several years of financial information and other indicators not found in the reports.
To view the reports and the fact sheets, visit our website at www.mass.gov/dhcfp.
Weekly Flu Report, February 27, 2015 posted on Feb 27
The latest weekly flu report shows another drop in rates of flu-like illness in Massachusetts over the past seven days. Even as these rates decline, it’s still fair to say that flu continues to circulate – which is why it’s so important to do what …Continue Reading Weekly Flu Report, February 27, 2015
Joining the Conversation on Public Health posted on Feb 24
As a physician working in the Commonwealth over the past twenty years, I’ve seen the groundbreaking – and lifesaving – role that the Department of Public Health has played on the front lines of protecting the well-being of all Massachusetts residents. It is an incredible …Continue Reading Joining the Conversation on Public Health