Study: One-quarter of Mass. hospitals operate at loss

Roughly 25 percent of Massachusetts’ 61 acute-care hospitals are operating at a financial loss, according to the most recent data released from the state, Boston Business Journal reported last week.

The Mass. Center for Health Information and Analysis released data tracking the performance so far in fiscal 2015 of the state’s acute-care hospitals. The data goes through March 31, which represents the midpoint of the fiscal year for most of the hospitals.

The 16 hospitals operating at a loss include academic medical centers, community hospitals and specialty centers. The newspaper said that a significant number of hospitals are still struggling to adapt to changes in reimbursements and restrictions in cost growth under the Affordable Care Act, as well as other health care reform efforts.

The report lists the biggest losses at Dana-Farber Cancer Institute, which racked up a $24 million operating loss for the first six months through fiscal 2015. North Shore Medical Center is also suffering high losses, according to data from CHIA, tracking a $16 million operating loss for the first two quarters of the year.

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Teaching hospitals were the most profitable, with 4.7 percent median margins.

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