The Burlington-based health system received $83 million in one-time funding. UVM Health Network also attributed its improved financial results in the second quarter of fiscal year 2021 to cost-control measures and increased patient visits.
The five-hospital system has limited capital spending, reviewed position vacancies, consolidated administrative functions and revamped supply chain processes to shore up its finances, according to the report. UVM Health Network pegs total cost savings from these efforts at $38 million so far this fiscal year.
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