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Partners Reports $128 Million In Income For First Quarter

WBUR's Martha Bebinger reports:

Partners HealthCare, the state’s largest health care system and largest private employer, had $128 million in income for the first quarter of the fiscal year, down from the same period last year. Income from operations was up but did not offset a dip in returns on investments. Some competitors and lawmakers wonder if Partners, despite recent concessions, still earns too much. Partners CFO Peter Markell says the question is, what should Partners stop doing?

"Do you do less in community benefits, do you trim services where you lose money, do you cut back on your research activity, etc.? We weigh those things all the time," Markell said.

Partners saw an increased number of patients in the first quarter, in part, because it opened a new building at Mass General Hospital.

Here's The Boston Globe's report.

This program aired on February 17, 2012. The audio for this program is not available.

Rachel Zimmerman Twitter Health Reporter
Rachel Zimmerman previously reported on health and the intersection of health and business for Bostonomix.

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