Hospital profits pick up in 2021, mostly on asset values
Operating margins remain low, down from last year
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AFTER PANDEMIC-RELATED financial struggles, Massachusetts’ hospitals are again turning a profit, despite reduced levels of federal aid. A preliminary report by the Center for Health Information and Analysis on fiscal 2021, released Thursday, finds that overall hospital profitability in the state was 6 percent – meaning hospitals’ revenue was 6 percent higher than their expenses(...)