Massachusetts' hospitals saw their median total margin improve to 2.6% in the fiscal year ended Sept. 30, from 1.9% in fiscal 2004, according to unaudited data reported to the state. Fifty-six of the state's 65 hospitals, or 86%, reported positive total margins, up from 79% in fiscal 2004, the state Division of Health Care Finance and Policy said. Hospitals in the top 25th percentile had a median total margin of 5.6% compared with 3.7% in 2004. The bottom 25th percentile had a median margin of 1%, up from 0.3% in 2004. The report didn't explain why margins rose, but the state said hospital collections had improved, with the median number of days for accounts receivable dropping to 40 in fiscal 2005 from 45 the previous year. Read the report. -- by Joseph Mantone
Mass. hospitals report higher margins for 2005
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