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.
EMS Strong: Always in Service posted on May 22
National Emergency Medical Services Week (EMS Week) recognizes the dedication of EMS professionals across the United States who provide the day-to-day lifesaving services of medicine’s “front line” to keep their communities safe and healthy. This year, we honor these brave men and women from May …Continue Reading EMS Strong: Always in Service
Weekly Flu Report, May 19, 2017 posted on May 19
Rates of flu-like illness ticked slightly upwards in the past seven days, as compared to the previous week, according to the latest weekly flu report. You can view the report here.
Young Workers: Know Your Rights in the Workplace posted on May 17
Memorial Day is right around the corner — the unofficial start to summer and for many teens and young adults the start of a summer job. All across the state, young workers will be seen scooping ice cream, serving food, working as camp counselors, bagging …Continue Reading Young Workers: Know Your Rights in the Workplace