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 booking report from Hamilton County: AUSTIN, RYAN BISHOP  121 ALBANY STEET CHATTANOOGA, 37421  Age at Arrest: 34 years old Arresting Agency: East Ridge FUGITIVE (ARREST FOR CRIME IN WALKER CO, GA) --- BAKER, DONALD SCOTT  2012 LAURA STREET CHATTANOOGA, 37406  Age at Arrest: 48 years old Arresting Agency: Chattanooga DOMESTIC ... (click for more)

Just 4,380 Have Voted In The City Election After 9 Days Of Early Voting

Just 4,380 Chattanooga voters have cast ballots after nine days of early voting leading up to the March 7 city election. One day just 48 people showed up at the Northgate voting site. Only 88 went to the most popular early voting site - the election office off Amnicola Highway the same day. The high turnout thus far has been 199 at the election office on Tuesday. The ... (click for more)

CVB Should Share Financials With The Home Folks

The recent debate over the Convention and Visitor's Bureau's funding and budget has gotten ugly. A Hamilton County commissioner has asked questions and made comments about the CVB. The director of the CVB has organized a campaign to dismiss the commissioner's questions and comments. The children on the playground are choosing sides and nothing useful seems to be happening. It's ... (click for more)

Roy Exum: Trump's Latest Delight

I was quite amused this week when Donald Trump’s administration “locked out” several news organizations from the daily press briefings at the White House. The reason I loved it because in the 50 years I have spent in the news business, I have been locked out of press conferences, too. To be truthful, I am a longtime veteran of a bunch of “you versus me” squabbles and, if I do say, ... (click for more)

McCallie Advances To D-II Final Four With 67-48 Win

The third time wasn’t the charm for the Pope John Paul II Knights. Playing at McCallie in the quarterfinal round of the Division II state basketball tournament Saturday night, the Knights played better than they had the previous two times they met, but the result was the same as McCallie advanced to the Final Four with a 67-48 victory. McCallie, snipping a three-game losing ... (click for more)

'Canes Roll Past Stone Memorial 62-38 In Region 3-3A Action

East Hamilton was able to shake off a devastating 30-point loss to Cleveland in the District 5-3A championship game earlier in the week and Stone Memorial was victimized by the Hurricanes’ big bounce-back. East Hamilton held the visitors scoreless in the first quarter and went on to shellack the Panthers 62-38 in a history-making victory on its home court Saturday night. ... (click for more)