The Center for Health Information and Analysis (CHIA) released a new monthly hospital and health system financial performance report as part of a voluntary monthly financial data collection that CHIA implemented in March 2020 to provide more rapid insight into the impact of COVID-19 on the Massachusetts health care system. This report provides an overview of the results of operations for participating acute hospitals and health systems.
CHIA reports both annually and quarterly on the performance of the Commonwealth’s acute care hospitals, associated hospital health systems (HHS), and affiliated physician organizations. As hospitals and their respective health systems have evolved, CHIA has added financial information on hospital health systems, affiliated physician organizations, and affiliated health plan in its publications. In September 2020, CHIA published its FY 2019 Massachusetts Acute Hospital and Health System Financial Performance report.
CHIA reports on trends in profitability, liquidity, and solvency and also compares a hospital’s individual performance to its peer cohort. Currently, acute hospitals are grouped into these cohorts: Academic Medical Centers (AMCs), Teaching hospitals, Community hospitals, and Community-High Public Payer Hospitals (HPP).