STAT+: Mass General Brigham bolstered its bottom line. Other Mass. hospital groups reported multimillion losses
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Despite\u00a0uncertainty and concern buffeting Massachusetts hospitals<\/a>, the state\u2019s largest health system saw its finances improve last year, turning a small operating surplus and receiving a boon from investment income.<\/p>\n 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,\u00a0the system reported $2 billion in net gains<\/a>.<\/p>\n The results come after MGB\u00a0undertook the largest layoff in its history in February<\/a>, 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.<\/p>\n Continue to STAT+ to read the full story\u2026<\/a><\/p>\n<\/div>\n