Massachusetts Hospitals, HMOs Contribute $1.2 Billion in Community Benefits in FY 2023
BOSTON — The Attorney General’s Office (AGO) announced that, in FY 2023, Massachusetts hospitals and health maintenance organizations (HMOs) contributed $1.2 billion in total community-benefits expenditures, according to reports submitted by the hospitals and HMOs and published by the AGO.
These reports mark the fourth year of reporting community benefits under the AGO’s updated community-benefits guidelines, which encourage nonprofit hospitals and HMOs to adopt a framework centered around health equity while promoting investments in key social determinants of health.
A total of 57 hospitals filed community-benefits reports for FY 2023, covering the period from Oct. 1, 2022 to Sept. 30, 2023. Forty-eight nonprofit hospitals reported contributing $971 million in total community-benefits expenditures, a 16% increase from the previous fiscal year, while nine for-profit hospitals reported contributing $56 million, and five HMOs reported contributing $140 million.