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: ADAMS, BRAD DEWAYNE  2821 3RD AVE CHATTANOOGA, 37407  Age at Arrest: 37 years old Arresting Agency: Hamilton County Booked for Previous Charges or Other Reason(s) --- ADKINS, KENDRA R  132 PARKS DRIVE FORT OGLETHORPE, 30742  Age at Arrest: 19 years old Arresting Agency: Red Bank ... (click for more)

Travis Caslin, 42, Shot While Walking Along South Willow Street

Chattanooga Police said a man was shot on Friday night while walking along South Willow Street.   The victim was identified as Travis Caslin, 42.   At 7:37 p.m., Chattanooga Police officers were called to a local hospital after a person showed up with a gunshot wound.   Police were informed that the victim's condition was non-life threatening. ... (click for more)

October Is Breast Cancer Awareness Month: Myth And Fact Check

My husband and I recently had the privilege of participating in the American Cancer Society’s Making Strides Against Breast Cancer Walk in Chattanooga. I listened as my husband told the audience about how his mother was diagnosed with breast cancer when he was nine and how she died from the disease when he was fourteen. As a child, my husband didn’t understand what breast cancer ... (click for more)

Roy Exum: It’s All About People

The leaders of Hamilton County’s Mental Health Court held a heart-warming open house Friday afternoon and it was announced that just since February, the creation has saved the county over $3 million in incarceration costs. But to hear County Mayor Jim Coppinger or Judge Don Poole tell it, that’s not what is important. “Soon after the court started, a kind, quiet man I’ll ... (click for more)

Mocs Fall 20-14 To Visiting Citadel

The Chattanooga Mocs fell just short in a 20-14 heart-breaker against The Citadel. It was a hard-fought game that went the full 60 minutes.   The Mocs defense stiffened and gave their offensive teammates a shot late in the fourth quarter. The Citadel marched 41 yards, churning out 5-plus minutes of game clock. Tae Davis dropped Grant Drakeford for a 3-yard loss at the Mocs ... (click for more)

Top-Ranked Alabama Smashes Tennessee 45-7

Tennessee, a 34-point underdog in one of college football’s better long-running series, stayed close for one quarter before top-ranked Alabama switched to another gear and pummeled the struggling Vols, 45-7, Saturday at Bryant-Denny Stadium in Tuscaloosa. The rock-ribbed Crimson Tide defense locked down Tennessee’s ground game, hounded quarterback Jarrett Guarantano relentlessly ... (click for more)