One-time revenues boost Mass General Brigham’s latest quarter

Mass General Brigham began the fiscal year on solid financial footing as it looks toward nearly $2 billion in capital projects. The health system reported $130 million in operating income on $3.836 billion in revenue in the first quarter of 2021, which ended in December. That compares to a $45.5 million operating income on $3.593 million in revenue in the first quarter the year prior. Contributing to the gain was $28 million from companies that the health system had invested in going public. Peter Markell, chief financial officer for Mass General Brigham, said the health system had invested in the companies through its innovation fund, and the stock appreciated due to the IPOs.