Auditor finds some misclassified costs at FAHC

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A national auditing firm says Fletcher Allen Health Care in Burlington misclassified some of the costs of its Renaissance Project. But the chairwoman of the hospital’s board of trustees says the report released Wednesday found those errors were not of the magnitude that some had thought.

Auditors for Price-Waterhouse-Coopers say the misclassified expenses totaled less than 2% of total project expenditures. The firm was asked last September to investigate Fletcher Allen Health Care’s accounting procedures and processes for the Renaissance Project.

The hospital is currently under state and federal investigation after the cost of the Renaissance project more than doubled to about $365 million.

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