Erlanger Loss Is $197,950 For May

Monday, June 24, 2013

Erlanger Health System posted a $197,950 loss from operations in May, compared to a $2.5 million loss the same month last year, Chief Financial Officer Britt Tabor said Monday night.

  Erlanger’s loss from operations after 11 months of the fiscal year stands at $9.

8 million. At this time last year, the loss was $15.2 million.

 

“I’m disappointed we are not reporting a profit tonight, but we have shown steady improvement in our monthly financials in the last two months,” Mr. Tabor said.

He stated,  “Erlanger experienced $2.5 million and $4.9 million losses in operations in February and March of this year.”

 

He said, with one month left in the fiscal year, Erlanger has provided $69.6 million in uncompensated care to the community. He stated,  “In May alone, we contributed more than $6.3 million in uncompensated care - far more than any other healthcare institution in this region.”

 

Erlanger admissions in May were 2.7 percent under budget, but  were almost five percent higher than last May.

 

Surgical inpatients were 13. percent under budget in May, though the surgical mix was up – at 30.7 percent - for the month.  Surgical outpatients were 5.7 percent under budget in May.

 

Emergency room visits were 5.1 percent under budget, but 12.2 percent greater than last May.  

 

Physician practice outpatient visits were five percent under budget.

 

Cath lab procedures were 6.6 percent over budget. Mr. Tabor said there has been a renewed focus on building Erlanger’s cardiology service line. 

 

Supplies and drugs per adjusted admission was $1,363 compared to a budgeted $1,550.  Mr. Tabor commended the staff for keeping these expenses down for the second month in a row. 

 

Neurosurgery inpatient surgeries were almost two percent over budget and 9.6 percent greater than the prior year.  Last month inpatient neurosurgeries were up by 17 percent. 

Bad debt and charity care as a percentage of gross patient revenue was 11.20 percent compared to a budgeted 10.57 percent, which also contributed to May’s financial loss, in addition to commercial pay utilization, which was down 6.9 percent.   “If we’d had a better payor mix, we would definitely have had a better month,” Mr. Tabor said. 

 

Mr. Tabor said NICU patient days were 20.4 percent under budget in May.  “This had a significant impact on our bottom line,” he told the board of trustees finance committee.     


Family Justice Center And CPD Partnering With Southern Adventist University

The Chattanooga Hamilton County Family Justice Center formalized a new partnership with Southern Adventist University School of Social Work to provide research and technical assistance to both the FJC and the Chattanooga Police Department. The partnership will focus on projects related to the development of a Victim Assistance Program and a pilot testing for Lethality Assessment ... (click for more)

Parkridge East Hospital Announces Prenatal Education Classes For January - March 2015

Parkridge East Hospital is offering a variety of Prenatal Education Classes in January, February, and March. Classes include:  -  Labor of Love (Lamaze) Four Week Series ($50) – Mondays beginning Jan, 5, 6:30-9 p.m. - This class will prepare first-time parents for everything they will need to know about having their baby. The class discussion will include nutrition, ... (click for more)

Investor Group Plans $31 Million Hotel In Chattanooga Bank Building

An investor group announced that it is planning the development of an upscale 150-room hotel in the historic Chattanooga Bank Building. MCA is comprised of 20 EB-5 investors as limited partners with Red Leaf Development, managed by David Roos, as the general partner. Long-time partner PHG is involved in the development of the hotel and will be responsible for its management ... (click for more)

Police Say Texts From Slain Minister Detailed Drug Deals

An investigator testified Thursday that a minister who was beaten to death during an apparent drug deal had texts on his phone dealing with similar exchanges of illegal drugs. The minister's wife said he had gone out that night as part of a church counseling program to women. General Sessions Court Judge Clarence Shattuck bound charges of felony murder and especially aggravated ... (click for more)

Please Don't Close The Piccadilly Cafeteria At Hamilton Place

Oh, no. The Piccadilly Cafeteria at Hamilton Place is closing.  Its last day is Christmas Eve.  I will miss the great food they have there but most of all I will miss their servers, cashiers and waitresses.  They are all so friendly and accommodating.  They make it like it’s a home-style restaurant. I sure wish there was some way that Hamilton Place and ... (click for more)

Roy Exum: God Bless Cathy & Co.

The secret to the whole thing is not getting caught but somebody at the Toys R Us store in Framingham, Mass., had a camera when Cathy O’Grady was very quietly paying off all the layaway balances at the popular location last week. The picture snaked its way onto social media sites and her friends quickly recognized the area’s most famous “layaway angel.” Then somebody in nearby ... (click for more)