From our perspective, this is the most crucial budget we’ve assembled.
Nine of Vermont’s 14 nonprofit hospitals — including the state’s only academic medical center — expect to end the current fiscal year with negative margins from operations. Nearly all of them are looking to right the ship by substantially increasing charges next year.
Our goals are to focus on sustainability, address the tension between access and affordability, and continue finding ways to make sure all Vermonters can receive the right care at the right place at the right time.
Vermont’s 14 nonprofit hospitals just submitted their spending proposals for the next fiscal year. Some hospitals are betting on Covid being less of an issue.
Green Mountain Care Board chairperson Kevin Mullin said the governor is overreaching.
The Green Mountain Care Board decided Friday to approve a modest midyear increase for the health network’s Burlington and Berlin hospitals.
“I think the challenging part for us is feeling unheard,” the hospital’s chief executive said.
As of Friday, most of Vermont’s rural nonprofit hospitals said they aren’t planning to raise their service charges midyear.
The pandemic ratcheted up personnel costs. Vermonters with private health insurance may pay the price.
Fanny Allen’s outpatient surgery center would eventually be relocated to a new, larger surgery center in South Burlington, costing more than $30 million.
Members of the Green Mountain Care Board have cast doubt on the Vermont hospital’s vision, saying leaders are banking on a temporary uptick in services that may not last.
The board also chose to increase UVM Health Network rates.
The University of Vermont Medical Center ended the year firmly in the black even though it contended with a costly cyberattack, staff shortages, the pandemic and the closing of an outpatient surgery center.
The Green Mountain Care Board is about to begin its public review of the state’s hospital budgets. This regulatory process affects their bottom line — and yours. Here’s what you need to know.