Most Mass. hospitals turned profit in 2016
Most of the state’s hospitals remained profitable last year, according to an analysis released Thursday by the state’s health care data agency. Even in the face of continued pressure to control costs, the majority of them — and their parent companies — reported higher revenues than expenses in 2016 — though the margins were slimmer than in 2015.
The report from the state Center for Health Information and Analysis showed a range of results for health care providers, including an unusually high loss at Partners HealthCare. The state’s largest health care system lost $249 million last year, due largely to its struggling insurance subsidiary, Neighborhood Health Plan, and one of its community hospitals, North Shore Medical Center. (Partners previously disclosed these losses.)
Boston Children’s Hospital and its subsidiaries made up the state’s most profitable health system, earning $138.4 million.