Vermont hospitals seek balance, never profit
Williston Observer
Earlier this summer, each Vermont hospital went before their regulator, the Green Mountain Care Board, to present and defend their budget and answer questions from the board and its staff. This is just one part of a months-long process.
We are a fully non-profit hospital system in Vermont. That means that every dollar that passes through our organizations is reinvested in staff, equipment, supplies and our communities. There are no shareholders or hedge fund owners earning a profit.
The result of this structure is that hospitals collaborate, rather than compete, to deliver care. As Vermonters, this makes perfect sense to us. But you may be surprised to know that this is not the case in most states, where for-profit and non-profit hospitals exist just blocks from one another, competing for the most profitable patients and to perform the more profitable procedures to the detriment of those less desirable.
Our non-profit standing is more than just a tax status. It’s a mindset for our people. These hospitals exist entirely to serve their communities and are determined to meet their mission, no matter the difficulties.