CHIA Releases FY 2019 MA Acute Hospital and Health System Financial Performance Report
DATE: October 6, 2020
The Center for Health Information and Analysis (CHIA) announces the release of Massachusetts Acute Hospital and Health System Financial Performance for Fiscal Year 2019.
The report presents data for the most recently completed full fiscal year available and analysis of financial performance using five metrics: total margin, operating margin, current ratio, average payment period, and equity financing. It also includes a comparison of the performance of four hospital cohorts (Academic Medical Centers, teaching, community, and community-High Public Payer) on each metric over a five-year period, fiscal years 2015 through 2019.
Key Findings:
- The statewide median acute hospital total margin was 3.5%, a 1.0 percentage point decrease from FY 2018.
- In FY 2019, the majority of hospital health systems and hospitals reported a positive total margin.
- Acute hospitals tended to have greater margins than their associated parent systems.
- Most hospital health system-affiliated physician organizations reported a financial loss in FY 2019.
CHIA is also releasing with this report an interactive dashboard containing information on five-year trend analyses for each acute hospital and their hospital health system. This report is also accompanied by the databook used to calculate these metrics and a technical appendix.
