Hutcheson Has "Difficult Month" With $1.76 Million Loss; Forgey Says Hospital Needs Community Support

Thursday, April 19, 2012

Erlanger at Hutcheson officials said March was "a difficult month" leading to $1,767,773 in losses.

Earnings before depreciation, interest, and amortization were $1.7 million for March.  Except for an increase in non-paying volume, officials said the monthly loss would have been $750,000.

 Officials attributed the decreased revenue to treating the highest percentage of uninsured patients since May 2011. 

Total operating expenses for the year were reduced by $386,000 as compared to budget, indicating that management is succeeding in its goal of containing expenses, officials said.

 “March was a difficult month.  We treated a substantial amount of patients unable to pay for their medical care”, stated Roger Forgey, president and CEO of Erlanger at Hutcheson.  “We need the support of North Georgia residents and physicians with referrals and admissions.  We are rebuilding our physician base and controlling our costs, but we need the entire support of this community for this hospital to be successful.”


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