Erlanger Cuts Monthly Loss To $249,056

Monday, May 20, 2013

Erlanger Health System, which had endured two consecutive monthly losses totaling $7.4 million, cut the loss to $249,056 for April.

Kevin Spiegel, new president and CEO, said admissions were up, but the hospital did not control its operating costs as well as it should. He said, "It could have been a home run month if we had managed our expenses better."

Erlanger officials said they will meet with bondholders next week. Officials said earlier the hospital was at risk of not meeting bond covenants at the end of this fiscal year.

Mr. Spiegel said the hospital will be stressing the future outlook and "all the positives" including a new five-year pact with BlueCross BlueShield.

He said, "We will be telling what we do for this community and the services we provide."

Mr. Spiegel also told the board finance committee, "The doctors are coming back." One factor leading to the hospital losses has been listed as an exodus of physicians.

Total losses for the fiscal year to date are $9.6 million.

Admissions were up 10.7 percent over the prior year.

Surgical inpatients were up over 10 percent and surgical outpatients almost 27 percent.

Neurosurgery inpatient surgeries rose 25 percent, while orthopaedic inpatient surgers were down 4.4 percent.

Emergency room visits were down five percent.

Chief Financial Officer Britt Tabor said, “In light of our $2.5 million and $4.9 million losses in February and March, this month’s report represents a significant turnaround for Erlanger. Although we’re not reporting a profit tonight, our numbers look considerably better and we every reason to feel good about the new strategies we have in place. We are ahead of last year’s numbers on all counts.”

Mr. Tabor also pointed out that, 10 months into its fiscal year, Erlanger has already provided more than $62.4 million in uncompensated care to the community. “In April alone, we incurred $5.7 million in uncompensated care, far more than any other health system in this area,” he said.

 


Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ALLEY, KARIN  990 GREEN POND RD SODDY DAISY, 37379  Age at Arrest: 24 years old Arresting Agency: Hamilton County FAILURE TO APPEAR POSSESSION OF DRUG PARAPHERNALIA --- AR-RAHMAAN, CHRISTIANA ALISA  3210 BROAD STREET CHATTANOOGA, 37408  Age at Arrest: 24 years old Arresting Agency: ... (click for more)

Red Bank Woman Charged With Kicking Boyfriend's Dogs During Incident At Airport Inn

A Red Bank woman has been charged with kicking her boyfriend's dogs during an incident at the Airport Inn on Feb. 4. Juliet Michelle Gaines, 29, is charged with assault and cruelty to animals. At 10:38 p.m., police responded to the hotel on Lee Highway. Adam Coffey said Ms. Gaines was drunk and hit him in the nose with her elbow. He said she then repeatedly tried to strike ... (click for more)

Alexander And Corker Need To Talk Sense To Their Leadership

Alexander and Corker really need to talk some sense to their leadership  So a Supreme Court Justice dies and before the POTUS can even come up with a list of replacements, Mitch McConnell states the Republican Senate will not seat Obama's replacement. Why? Because they want to throw a hissy fit.  For 240 years the Senate has done their constitutional duty and has ... (click for more)

Roy Exum: Evaluators Earn $11.70

A number of curious job notices, under the heading of ‘General Labor,’ have appeared on various Craigslists, that free Internet portal where you can find everything from a used lawn tractor, guitar lessons or even a saucy Saturday night date. This week on the Charlotte, N.C., Craigslist, for example, there appeared an offer to become a “reader/evaluator” for a company known as Measurement ... (click for more)

Red Bank Rolls To Region 2-A/AA Mat Title With Ease

Shane Turner has been waiting a long time for this year's wrestling season to get here. He took over the head coaching job at Red Bank four years ago and his Lions have taken their share of whippings during that time. Turner kept preaching to his kids to stay faithful to the program and to keep working hard and that eventually, good things would come their way. They're ... (click for more)

Bradley Wrestlers Win Region 4-AAA With 7 Champions

CLEVELAND, Tenn. – There was never much doubt about which team would walk away from the Region 4-AAA wrestling tournament with the most individual champs and the overall team title. The Bradley Bears, ranked second in the state all year, have had a great season to this point and it just got a little bit better early Saturday evening at Cleveland Middle School. By claiming ... (click for more)