Persistent elevated labor costs have continued to dog the Burlington-based six-hospital system, with premium pay coming in at $65 million over budget as of March 31, Fitch said.
The outlook is stable for the system, which serves a population of 1.4 million in Vermont and New York.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.