Post Content

Division of Health Care Finance and Policy Acting Commissioner Seena Perumal Carrington

 

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.

 

Written By:

Recent Posts

Do You Have a Picky Eater in the Family? posted on Aug 25

Do You Have a Picky Eater in the Family?

By Jennifer Navaroli, RD, LDN and Kaitlin Barragan, RD, LDN “No broccoli for me! I don’t want anything green!” Sound familiar? Picky eating is a common frustration that many parents may struggle with at one point or another.  Some may worry that their child is   …Continue Reading Do You Have a Picky Eater in the Family?

Five Important Reasons to Vaccinate Your Child posted on Aug 24

As a parent, you want to do what is best for your child. You’re probably aware of the importance of car seats, baby gates and other ways to keep kids safe. But did you know that one of the best ways to protect your child   …Continue Reading Five Important Reasons to Vaccinate Your Child

Vaccines: Not Just for Kids! posted on Aug 17

You might think that vaccines are only for children – but in truth they’re valuable for adults as well. Are you one of the millions of adults not aware of the vaccines you need? There are many reasons why adults should be vaccinated. Each year,   …Continue Reading Vaccines: Not Just for Kids!