UMass Memorial system goes from profits to losses

in 2014, Alan Sager, Newsmakers, School of Public Health, Worcester Telegram & Gazette
April 6th, 2014

asagerTelegram & Gazette
Alan Sager, School of Public Health

Just five years ago, UMass Memorial Health Care posted an operating surplus of $83 million. The nonprofit operator of five hospitals in Central Massachusetts generated $68 million of that cash at UMass Memorial Medical Center in Worcester, where doctors and nurses treated everyone from premature infants in a neonatal intensive care unit to accident survivors at Worcester’s only trauma center…

Expert quote:

“If volume drops, revenue drops much faster than costs. Hospital profitability, to a considerable degree, is volume driven.”

View full article

Comments are closed.