Things are looking up for Massachusetts hospitals
BOSTON (AP) — A new analysis has found that Massachusetts’ 62 hospitals had combined earnings of $1.2 billion last year and all but eight finished the year in the black.
The report released Wednesday was conducted by the state’s Center for Health Information and Analysis.
Eight hospitals posted losses in 2014, down from 11 the previous year.
The center’s executive director says the numbers show that the state’s hospitals are adopating to the new realities of the health care system that include fewer patient admissions, more competition and pressure to be more efficient.
The state’s major teaching hospitals were the most profitable, with Massachusetts General leading the way with more than $200 million in profits in 2014, followed by Brigham and Women’s Hospital and Springfield’s Baystate Medical Center.