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.

 


Top Hamilton County Salaries

Here are the top salaries for Hamilton County: METCALFE, JAMES K MEDCIAL EXAMINER $186,175 ... (click for more)

Top City Of Chattanooga Salaries

Here are the top salaries for the city of Chattanooga: Bean, Russell J       City Judge        $170,537.41 Paty, Sherry B City Judge        $170,537.41 Berke, Andrew L.        Mayor  $161,030 Fletcher, Frederick Allen Police Chief     ... (click for more)

A Disturbing Trend At Exit 11 - And Response (5)

So, am I the first to notice a trend?   How many wrecks does exit 11 need before anyone asks "whats up with that?"  I have lost count of the wrecks that continue to happen, even after last year's awful loss of life (which I believe 51 percent of the blame should fall on the THP officer on duty).  The problem with this section of interstate are sight lines ... (click for more)

Roy Exum: My Garden This July

I can never remember a day in July when my garden, my lawn, my dogwood tree, and my ferns are all wilting for lack of rain. Right now we are more than eight inches under our average rainfall for the first six months and, on this wonderful weekend, those who love firecrackers are urged to keep a pail of water in case a spark could cause a fire. On the other hand, every July 4 th ... (click for more)

Signal Mountain Whips Dalton For Top Spot In Blue

The Signal Mountain Green Giants have the upper hand in the Chattanooga Area Swim League’s highly-competitive Blue division and the clinched at least a tie for first place with Thursday’s win over Dalton, but they’ll have to wait until Tuesday before the championship celebration can officially begin. The Green Giants lost to Dalton by 15 points at Dalton in the first week of ... (click for more)

Travis Hale New Softball Coach At Soddy-Daisy

Travis Hale, who spent one year under being groomed for the job, has been named the new softball coach at Soddy-Daisy High School. Hale, who previously was an assistant coach at Hixson and head coach at Loftis Middle School, was groomed for the job last season working under coach Wes Skiles, who has stepped down after four seasons. “I focused on paying attention to what ... (click for more)