Erlanger Has $183,150 Gain For October

Monday, November 18, 2013

Erlanger Health System reported a profit of $183,150 for October.

Chief Financial Officer Britt Tabor told members of the Budget and Finance Committee , “We are very pleased to report a positive bottom line at the beginning of our second quarter, particularly after budgeting a loss of more than $1.3 million for the month.”

After four months of the new fiscal year, Erlanger has a loss of $500,000 from operations. Mr. Tabor said, “At this point in our fiscal year, Erlanger is nearly $6 million ahead of budget.”

Hospital admissions were 10.5 percent higher than last October.

Mr. Tabor was particularly pleased about an upswing in the Neonatal Intensive Care Unit volume,. It was 32.3 percent higher than last year. 

The surgical inpatient volume was four percent higher than last year. The surgical outpatient volume was 8.5 percent higher than last year.

Neurosurgery inpatient volume was 21 percent higher than last year. Orthopedic surgeries in October were 13 percent above last year's total.

Inpatient heart/thoracic surgeries with cabs/valves were on budget for the month, and 3.3 percent higher than last October. Cath lab procedures were 15 percent under budget.

Helicopter patients were up almost 17 percent, while emergency room visits were more than 15 percent higher than last October, and there were no "diverts" during the month.

Physician practice outpatient visits were 14.7 percent lower than last October.

 Paid FTE’s per adjusted occupied bed was 4.97 compared to a budgeted 5.4,. Mr. Tabor said that was “the lowest it has been in a long time.”

Four months into its fiscal year, Erlanger has already provided more than $28.5 million in uncompensated healthcare services to the community. In October, Erlanger’s uncompensated care costs were $7.8 million, with one patient incurring treatment costs of more than $358,000.


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