Acute care hospitals in Massachusetts performed better in their fiscal 2014 years compared to the prior fiscal year, with only 13 hospitals falling into the red, according to a recent report by Massachusetts' Center for Health Information and Analysis.
The statewide median operating margin for acute care hospitals rose from 2.3 percent in FY 2013 to 2.6 percent last year, according to the report. Eighty-seven percent, or 54 acute care hospitals, reported positive total margins in FY 2014.
Saint Vincent Hospital in Worcester, Mass., reported an operating margin of 15.6 percent for FY 2014, the highest of any hospital in the state. Saint Vincent is a member of Dallas-based Tenet Healthcare.
However, not all hospitals in the state posted strong financial results last year. Steward Carney Hospital in Dorchester, Mass., and Quincy (Mass.) Medical Center had the worst operating performance of any hospitals in Massachusetts in FY 2014. Steward Carney Hospital posted a 10.2 percent operating loss and Quincy Medical Center posted a 57 percent operating loss, according to the report.
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