The hospital’s operational expenses are still outpacing revenues, according to filings with Vermont’s Green Mountain Care Board cited by the Valley News. Factors such as the COVID-19 pandemic, reduced visits and bankruptcy recovery are contributing to the pressure.
The hospital anticipates a negative operating margin of $3.4 million for the current fiscal year that ends Sept. 30. It’s an improvement from previous years; Springfield Hospital ended the 2020 fiscal year with a $5.3 million negative operating margin and 2019 with a $9 million negative operating margin.
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