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Mass General Brigham's operating performance perked up in final months of 2020 Modern Healthcare Illustration / Getty Images More acutely ill patients and higher research revenue in the final months of 2020 helped Mass General Brigham nearly triple its operating income year-over-year. The Boston-based system has struggled throughout the COVID-19 pandemic, but the quarter ended Dec. 31, 2020—the first quarter of its fiscal 2021—signaled it may be turning a corner. Mass General Brigham generated $130 million in operating income on $3.8 billion in revenue in the quarter, a 3.4% operating ma...

‘Payviders,’ burnout and COVID-19 are among the threats to a better year for hospitals in 2021 Print Among the many looming threats hospitals will face in 2021 is the rise of so-called payviders—insurers that have bought or partnered with medical groups and other providers. “The line between providers and payers is getting blurrier and blurrier over the course of time with major payers taking significant positions in the provider space,” said David Morlock, a managing director in Cain Brothers’ Health Systems M&A group. Such deals exploded in 2020, a trend that will likely continu...

Mass General Brigham to pay back cut retirement benefits Updated Dec 17, 2020; This article first appeared on the Boston Business Journal’s . Despite reporting its worst financial year ever, and facing another temporary shutdown of all elective inpatient procedures, Mass General Brigham told employees it will pay back three months worth of retirement benefits that it had cut earlier this year. In June, facing $800 million shortfall in expected revenue in just two months, the state’s largest health system had said it would slash executive salaries 25%; reduce manager pay by between 5% ...

The COVID-19 pandemic and resulting two-month shutdown of elective procedures in Massachusetts drove a $351 million operating loss at Mass General Brigham in its fiscal 2020.