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, May 27, 2016 posted on May 27
Flu rates in Massachusetts continued to decline over the past seven days, according to the latest weekly flu report. This week’s report is the last to be published for the 2015-2016 flu season. Weekly Flu Reports will resume at the outset of the 2016-2017 flu season. …Continue Reading Weekly Flu Report, May 27, 2016
Preparing and Packing for Your Next Picnic! posted on May 26
It’s finally that time of year where you can bring your family outdoors to enjoy the warm and sunny weather! Having a picnic with your family and friends is a great way to enjoy a meal, try new foods, and be outdoors. Plus, packing …Continue Reading Preparing and Packing for Your Next Picnic!
Weekly Flu Report, May 20, 2016 posted on May 20
Rates of flu-like illness continued to decline over the past seven days, according the latest weekly flu report. The report can be viewed here.