Leaders from Vermont’s largest hospital have asked state regulators to greenlight a 6% increase in revenue from patients in the next fiscal year, or almost double the board’s ceiling of 3.5%, the VT Digger reports.
If approved, the proposal would allow the University of Vermont Medical Center in Burlington to increase the amount it would be allowed to collect from patients from $1.29 billion in fiscal year 2021 to $1.5 billion in fiscal year 2022.
Losses at one point rose to $1.5 million daily, according to the article.
UVM Medical Center officials say the increased revenue would help the hospital recover from disruptions caused by Covid and hospital system failures, including a cyberattack that stalled patient services for six weeks and the closing of the Fanny Allen surgical center because of a persistent carbon monoxide contamination problem. Read more.
