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Kaiser, Mass General Brigham operating losses driven in large part by labor expenses

Two of the nation's largest integrated health systems have reported financial losses, driven by labor shortages and increases in expenses and capacity. Kaiser Permanente reported an operating loss of $1.3 billion for 2022 compared to operating income of $611 million in 2021. The financial results reflect an increase in healthcare expenses driven by inflation, high COVID-19 ....

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Mass General Brigham Reports First Quarter 2023 Financial Results

Mass General Brigham Reports First Quarter 2023 Financial Results
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Mass General Brigham suffers $2.3 billion in financial losses

Mass General Brigham has reported a loss of $2.3 billion for the year due to challenges faced by all health systems over staffing expenses, inflation, a decline in discharges and other financial pressures. The loss includes a nonoperating loss of $1.8 billion, reflecting heightened unfavorable volatility in the financial markets, the integrated Boston health system said. The ....

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Mass General Brigham's plan to slash millions in costs gets green light

Healthcare ....

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Mass General Brigham's big cost-cutting plan approved by state

The Massachusetts Health Policy Commission on Tuesday unanimously approved Mass General Brigham’s 18-month plan to curb excessive spending. ....

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