Report: Rhode Island hospitals are bleeding cash, be we already knew that.

When it comes to acute care, Rhode Island’s hospitals and health care providers fare worse financially than their direct neighbors in Massachusetts and Connecticut, according to a new study commissioned by the Rhode Island Foundation.

The study published Monday based on public data on health care spending across the three southern New England states confirms what industry experts, hospital executives and lawmakers have been saying for years about the worsening financial position of Rhode Island’s hospitals. Indeed, Rhode Island’s acute care hospitals received lower reimbursements from Medicaid and private, employer-sponsored health plans for inpatient and outpatient services in fiscal year 2022, compared with Massachusetts and Connecticut.