Becker's Healthcare December 19, 2024
Somerville, Mass.-based Mass General Brigham reported a $72 million operating loss (-0.4% margin) for the fiscal year ending Sept 30, compared to a $48 million loss (-0.3% margin) from the previous fiscal year. The FY 2024 loss excludes $118 million in revenue from prior year activity while the FY 2023 loss excludes $143 million prior year revenue.
Eleven things to know:
1. After including the revenue figures from prior year provider activity, Mass General Brigham reported a $46 million operating gain in FY24, compared to a $95 million gain in FY 2023.
2. Operating revenue increased 9% year over year to $20.6 billion in FY 2024. Patient care revenue grew to $13.4 billion, an increase of $647 million (5%)....
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