Massachusetts Health & Hospital Association

MHA Comment on CHIA’s Acute Hospital & Health System Financial Performance Review

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From Daniel McHale, Vice President, Healthcare Finance & Policy

CHIA’s latest report confirms an unfortunate reality: 2022 was the most devastating year for hospital finances in recent memory, and those challenges are continuing well into 2023. The more than $2 billion spent on temporary labor over the past two years represents the biggest and most unsustainable cost pressure for providers everywhere in the commonwealth.

“This is a system that is still fighting to re-stabilize. MHA and our members are deeply thankful for the support elected leaders have devoted to ensuring healthcare providers can maintain the high-quality services our communities deserve. It is essential that these challenges remain front-and-center as our state engages in important discussions on the future of healthcare policy, workforce, and costs.”