Vermont hospitals lost $107 million due to Covid-19

Vermont’s hospitals reported $107 million in losses since the start of the fiscal year due to Covid-19, which state regulators called “very troubling.”

Combined, Vermont’s 14 hospitals reported a combined $77 million in losses in March and April alone. The University of Vermont Medical Center reported nearly $100 million in losses so far this fiscal year; only about half of that came directly from medical care and other related operations.

About half of the state’s 14 hospitals were already bleeding money before the pandemic hit; six reported losses in 2019.