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Vermont Hospital System Projects Growth Below Green Mountain Care Board Targets

August 14, 2018
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Hospitals Present 2019 Budgets, Outline Plans to Focus on Community and Population Health

Montpelier, VT – This week Vermont’s non-profit hospitals begin the annual process of formally presenting their 2019 budget plans to the Green Mountain Care Board (GMCB) coming in at 2.9% projected growth in 2019, well under the 3.2% system-wide target established earlier this year. These hearings are an opportunity for hospitals to discuss the work of fulfilling their mission—to care for patients, families and communities.

“These budgets reflect the commitment from Vermont hospitals to slow the growth in health care spending, while making significant investments in health reform initiatives that focus on quality care and patient outcomes,” said Jeff Tieman, president and CEO of the Vermont Association of Hospitals and Health Systems. “Together, our hospitals are collaborating with community partners to ensure Vermonters get and stay as healthy as possible.  

VAHHS also noted that each hospital has a unique set of circumstances that informs its financial situation and outlook, “No two hospitals in our system are exactly alike, and each has a story to tell about how they are meeting the needs of their community,” Tieman continued.

Additionally, these budgets reflect important investments in Vermont communities, including those identified by the Community Health Needs Assessments.

“We are making important progress on behalf of the patients and communities we serve as these budgets suggest, while fostering one of the strongest health care systems in the country,” Tieman concluded.

Reputable national organizations like The Commonwealth Fund, Robert Wood Johnson Foundation, and Kaiser Family Foundation, have ranked Vermont’s health care system number one overall, evaluating health care access, quality, and health outcomes.

To learn more about the hospitals budgets and to review individual submissions, visit: http://gmcboard.vermont.gov/content/fy19-individual-hospital-budget-information 

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About Vermont Association of Hospitals and Health Systems (VAHHS)
VAHHS is the state association representing Vermont’s 15 not-for-profit hospitals. The association advocates locally and nationally on behalf of its members on health care and public policy issues.  As community members, partners and builders, Vermont’s hospitals are committed to providing access to high-quality care, while advancing health care reforms to improve the lives of our patients, families and communities. Our efforts center around supporting the collaboration of Vermont hospitals to make Vermont a healthier and stronger place.