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.     



VIDEO: New Hospice Care Center

A new Hospice Care Center has moved across from Erlanger Health System on 3rd Street. It will open  on Monday . (click for more)

State Representatives Gerald McCormick And Ron Travis To Serve On Wellness Caucus

State Representatives Gerald McCormick and Ron Travis announced Wednesday that they will serve on a Wellness Caucus created by members of the Tennessee General Assembly and in collaboration with the Governor’s Foundation for Health and Wellness.   The caucus is chaired by State Representative Ryan Williams and Senator Bo Watson. It consists of 37 members from both the House ... (click for more)

3 People Shot Early Saturday Morning; 1 Is Killed; 2 Victims Are Known Gang Members

Ladarius Cross, 28, Terrance Careathers, 26, and a juvenile were shot early Saturday morning. Cross was killed.   Chattanooga Police responded to a motor vehicle crash at 5:16 a.m. in the 1400 block of Roanoke Avenue.   Upon arrival, Chattanooga Police Officers located the single vehicle crash with two people suffering for apparent gunshot wounds. The driver, ... (click for more)

CSAS Teacher Who Was Once Reported Missing Facing DUI Charge

A teacher at Chattanooga School for the Arts and Sciences, who recently was reported missing and then was spotted, has now been arrested. John Albert Eaton, 44, was arrested Sunday in Red Bank on a DUI charge. He gave his address as 9580 Sweet Gum Lane, Soddy Daisy. Eaton's wife had reported him missing after she said he told her he was going to the school on a Sunday afternoon ... (click for more)

Signal Mountain Should Be Problem Solvers Around The City

Re: Roy Exum’s “Stay, Signal Mountain, Stay”  Well this article is something to think about. I think the split could go either way, and Signal Mountain schools would still flourish, as they have done for the past several years. What I'm worried about is why Signal Mountain has not yet had the guts to go be problem solvers at Howard, or Tyner, or Central. Why do ... (click for more)

Roy Exum: The School Board Bullies

When the good people of Signal Mountain join with their loved ones to give thanks for many, many blessings on this hallowed Thursday, you can bet the Hamilton County Department of Education will be on nary a list. For the past year a diligent advisory committee has studied the feasibility of forming its own school district and exactly one week prior to Thanksgiving, the misguided ... (click for more)