Hospitals are losing tons of money: implication on hospital employees Physicians

[deleted472101]

I am seeing so many articles about this. They can’t just keeping going they way there are going right?

Thoughts?

Swing back to private practice groups?

Mass General Brigham posts $867M quarterly net loss - Becker's Hospital Review | Healthcare News & Analysis

Despite seeing a slight increase in revenue, Boston-based Mass General Brigham ended the second quarter of fiscal year 2022 with both an operating loss and net loss, according to its financial report released May 13.

www.beckershospitalreview.com

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[Status Sciaticus]

I am seeing so many articles about this. They can’t just keeping going they way there are going right?

Thoughts?

Swing back to private practice groups?

Mass General Brigham posts $867M quarterly net loss - Becker's Hospital Review | Healthcare News & Analysis

Despite seeing a slight increase in revenue, Boston-based Mass General Brigham ended the second quarter of fiscal year 2022 with both an operating loss and net loss, according to its financial report released May 13.

www.beckershospitalreview.com

Nah, is just finance smoke screen. See links below. If they were losing money hand over fist, then they wouldnt be pushing for a 2B expansion into new buildings.

States Watching as Massachusetts Takes Aim at Hospital Building Boom and Costs - KFF Health News

A Massachusetts health care cost watchdog agency helped block plans of the state’s largest hospital system to expand into the suburbs. Now, other states are looking at whether Massachusetts’ decade-old model of controlling health costs is worth emulating.

khn.org

State clears path for Mass General Brigham projects totaling more than $2 billion

The approvals come as MGB is facing scrutiny from another state agency over its spending.

www.wbur.org

 

[SSdoc33]

Little bit of both. Covid costs the hospitals a lot bc even though they were busy, the stays were long, and the DRG didnt pay much.

That being said, hospitals can operate at a loss for a while. And its true that they put up a new tower every other week

 

[Ronin1]

I am seeing so many articles about this. They can’t just keeping going they way there are going right?

Thoughts?

Swing back to private practice groups?

Mass General Brigham posts $867M quarterly net loss - Becker's Hospital Review | Healthcare News & Analysis

Despite seeing a slight increase in revenue, Boston-based Mass General Brigham ended the second quarter of fiscal year 2022 with both an operating loss and net loss, according to its financial report released May 13.

www.beckershospitalreview.com

If u read the article most of the loss was attributed to a non operating investment loss….

 

[callmeanesthesia]

Nothing to add that this guy didn’t already say.

 

[Ferrismonk]

Nothing to add that this guy didn’t already say.

Love the RN hat.

 

[geauxg8rs]

Love the RN hat.

It pairs nicely with a white coat and a clipboard or you can also wear it when dressing up like little house on the prairie for halloweeen.

Bottom line—
just screams “I know as much as these doctors but with twice the empathy.”