Twenty of the 28 hospitals in Connecticut had positive total margins — meaning they were in the black — in the 2016 fiscal year, up from 17 the year before, according to a report by the state Office of Health Care Access.
The average margin of Connecticut hospitals dropped during the 2015 fiscal year, and fewer hospitals turned a profit. Even so, the majority of hospitals in the state remained profitable, and the cost of uncompensated care fell by 15.6 percent.
After more than five months of negotiation, Charlotte Hungerford Hospital and Hartford HealthCare announced they will seek state and federal approval to make the Torrington-based hospital the sixth in the Hartford HealthCare network. But regulatory hurdles could keep the deal from being approved for months.
Middlesex Hospital has reached a settlement with state regulators that will allow it to put a new piece of cancer treatment equipment in its shoreline clinic in Westbrook – a proposal that drew opposition from Yale-New Haven Hospital and sparked questions about the intersection of state regulation and health care competition.
As hospitals join larger systems and critics worry about access to care, a key legislator said the time is ripe for lawmakers to revisit the way the state regulates major changes in health care. But it’s not yet clear what shape such changes will take – or whether they would leave the state with more regulation or less, a sign of sharply differing views on its role.
What began with a plan to replace an aging piece of medical equipment has turned into a dispute over the delivery of cancer care along Connecticut’s affluent shoreline. And at a time when policymakers have expressed worries about preserving competition in the state’s fast-consolidating health care market, one side has suggested the case highlights questions about competition – and the way state regulation can limit it.
Waterbury’s mayor and the state’s hospital industry say that Connecticut regulators are jeopardizing plans by a national for-profit hospital chain to buy the city’s two struggling hospitals and others in Bristol, Manchester and Vernon.
Connecticut’s acute-care hospitals saw gains from their operations tumble 35 percent in the last fiscal year, with seven of 29 hospitals reporting operating losses, according to a new state report.