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UVM Foundation sets record, raises $135 million

Thu, 07/27/2017 - 4:40pm -- tim

Vermont Business Magazine The University of Vermont Foundation, in partnership with the UVM Medical Center Foundation, secured a record $135,692,313 in total new commitments pledged during the fiscal year that concluded on June 30, 2017. This achievement marks the fourth year in a row that the UVM Foundation has set a new institutional record for total commitments to support the University of Vermont and the UVM Medical Center.

Assistance sought for seven counties impacted by summer rain storms

Thu, 07/27/2017 - 4:33pm -- tim

Vermont Business Magazine Governor Phil Scott has requested federal disaster funds to assist communities in up to seven Vermont counties in paying for repairs to public infrastructure damaged in severe storms on June 29 through July 1. Communities in Addison, Bennington, Caledonia, Orange, Rutland, Washington, and Windsor counties sustained damages that meet or exceed minimum thresholds to qualify for a Public Assistance disaster declaration.

Hospital budgets show historic slow growth

Thu, 07/27/2017 - 4:01pm -- tim

Vermont Business Magazine The initial budget submissions by Vermont’s 14 non-profit hospitals continue the trend toward aligning health spending more closely with general economic growth, according to data made public today by the Green Mountain Care Board. This fiscal year, FY18, the submissions of an aggregate Net Patient Revenue (NPR) of 3.6% indicate historically low rates of growth, a continued downward trend, and are in line with the GMCB's hospital budget instructions for FY18.

Apartments opened to address chronic homelessness, improve health

Thu, 07/27/2017 - 3:13pm -- tim

Vermont Business Magazine The Champlain Housing Trust, UVM Medical Center, community leaders and other partners came together Wednesday to celebrate the opening of the Bel Aire Apartments in Burlington’s South End. The former motel has been converted to eight apartments that will become home to 12-15 people. The new apartments, owned by the Champlain Housing Trust (CHT), will house people who have experienced chronic homelessness or who are living in unsafe conditions that would inhibit their ability to recover from a medical condition.

RRMC President Tom Huebner receives 'Fire Starter Hall of Fame' award

Thu, 07/27/2017 - 2:55pm -- tim

Vermont Business Magazine At the annual 2017 “What’s Right in Healthcare Conference,” the Studer Group recognized Rutland Regional Medical Center President and CEO, Tom Huebner, by inducting him into the 2017 Fire Starter Hall of Fame. Huebner, along with five peers representing healthcare systems from throughout the US and Canada, met the highest standards of excellence set forth by the organization. This prestigious recognition places Tom Huebner among the best of the best in healthcare leadership.

UVM Medical Center notifies patients of email ‘Phishing’ incident

Thu, 07/27/2017 - 2:38pm -- tim

Vermont Business Magazine The University of Vermont Medical Center last Friday began sending letters to patients affected by recent incidents in which email accounts of two employees were accessed by third parties after the employees accidentally opened a “phishing” message that mimicked an official company communication. In each instance, the UVM Medical Center immediately shut down the employee account and began an investigation.

Appropriations Committee approves FY18 Transportation, Housing and Urban Development, and Related Agencies bill

Thu, 07/27/2017 - 2:35pm -- tim

Vermont Business Magazine The fiscal year 2018 Transportation, Housing and Urban Development, and Related Agencies (THUD) Senate Appropriations bill provides a total of $60.058 billion in discretionary budget authority – $2.41 billion more than in fiscal year 2017 and $12.130 billion more than the President’s budget request. Additional resources are provided to prevent and end homelessness among veterans and youth, as well as to maintain existing rental housing assistance for nearly 5 million households nationwide.

Appropriations Committee approves FY18 Legislative Branch bill

Thu, 07/27/2017 - 2:23pm -- tim

Vermont Business Magazine The fiscal year 2018 Legislative Branch Appropriations Bill provides $3.171 billion in discretionary budget authority, excluding items pertaining solely to the House, which total an additional $1.319 billion.  Total funding accommodated in the bill is $4.490 billion, which is $50 million more than the fiscal 2017 enacted level and $192 million less than budget request.

Appropriations Committee approves FY2018 Commerce, Justice, Science bill

Thu, 07/27/2017 - 2:21pm -- tim

Vermont Business Magazine The fiscal year 2018 Commerce, Justice, Science, and Related Agencies (CJS) Appropriations Bill provides a total of $53.4 billion in discretionary funding, $3.2 billion less than fiscal year 2017 and $4.4 billion more than the President’s request. The CJS bill invests in a wide range of critical programs that affect the lives of all Americans.

Governor Scott supports underwater Power Link from Canada

Thu, 07/27/2017 - 12:00pm -- tim

Vermont Business Magazine Governor Phil Scott today issued a statement in support of proposals to supply the Commonwealth of Massachusetts with 1,000 MW of clean power via the TDI New England Clean Power Link (NECPL). The TDI project would run from the Canadian border, under Lake Champlain for nearly a hundred miles before connecting to the New England grid in Ludlow. The $1.2 billion Power Link would supply nearly twice the power that the Vermont Yankee nuclear power plant did before it was shut down in 2014.