Leaders from the hospital, which is the largest in the state, said the increased patient payments will help offset losses the hospital has incurred from the pandemic, a cyberattack and the closing of a surgical center due to persistent carbon monoxide contamination.
The proposal would allow the hospital to collect about $210 million more from patients, up from $1.29 billion in fiscal year 2021 to $1.5 billion in fiscal year 2022.
John Brumsted, MD, president and CEO of University of Vermont Medical Center, said the 6 percent increase is “just sufficient to continue to facilitate our return to financial stability.”
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.
