from Daniel McHale, Senior Vice President, Healthcare Finance & Policy,
Massachusetts Health & Hospital Association

“CHIA’s report is just the latest piece of evidence showing how tumultuous the financial landscape has been for Massachusetts hospitals and health systems. With more than half of all hospitals operating in the red and three quarters of hospital health systems – which include affiliated physician practices – reporting losses, the cost pressures that local providers were facing in FY24 took an undeniable toll. Unfortunately, those pressures continue today, and the long-term outlook is even more daunting with changes forthcoming at the federal level.    

“That’s why the funding support just passed by local lawmakers is so critical for patient care – and it’s why the basic stability of our system should remain front-and-center in every healthcare policy conversation. MHA members are grateful to have the support of our state government as providers weather these challenges and do the hard work of stabilizing, innovating, and maintaining high-quality care.”