STAT+: Mass General Brigham bolstered its bottom line. Other Mass. hospital groups reported multimillion losses

Despite uncertainty and concern buffeting Massachusetts hospitals, the state’s largest health system saw its finances improve last year, turning a small operating surplus and receiving a boon from investment income.

Mass General Brigham on Friday reported a $59.2 million operating gain in the year ending in September, a 0.3% margin, compared to a $45.7 million gain in the same period the year prior. Those numbers, along with a sizable gain from investments, contributed to a $2.4 billion net margin. Last year, the system reported $2 billion in net gains.

The results come after MGB undertook the largest layoff in its history in February, aiming to cut more than $240 million in salary and benefits expense in the face of what executives said were financial pressures. Though expected to save money annually, the reductions cost the system $53 million in the last year.

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