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.     


$7 Million Prevention Effort To Target 12-25-Year-Olds In East Tennessee

The Tennessee Department of Mental Health and Substance Abuse Services is teaming up with community anti-drug coalitions across a 10-county region of East Tennessee in an effort to reduce the number of young people who are abusing prescription drugs. To help achieve this goal, TDMHSAS has secured nearly $7 million dollars in federal grant funds to engage with young people through ... (click for more)

Christmas In The Cove Is Dec. 4

Christmas in the Cove will be Dec. 4, from 6-8 p.m., with a tree lighting at 6 p.m. The event will be at Garden Plaza of Greenbriar Cove, 4586 Forsythia Way, Ooltewah, Tn. 37363.   • Come see Elsa and Anna, along with all the other characters from Disney’s movie Frozen. • Have your picture taken with Santa. • Listen to music by the Southern Adventist University ... (click for more)

County Schools Have Plan To Put Security Cameras At Every School

The Hamilton County Schools have a plan to put security cameras in every school, Supt. Rick Smith told the County School Board Thursday night. He said the money would come from the $2,201,000 the schools received last year from the sale of the old Ooltewah Elementary School property. The proposal must get approval from the School Board at the December meeting, then from the ... (click for more)

Lookout Mountain, Ga., Raises Sewer Rates; Joins In Kudzu Fight

The Lookout Mountain, Ga., City Council on Thursday night approved an increase in sewer charges. The council approved ordinance 281 increasing sewer rates to $6 per 100 cubic feet of water from the previous rate of $4.77.  The new increase will be in effect in January 2015.    City Manager Brad Haven said the town will be replacing the flow meter for ... (click for more)

Don't Allow Us To Be Overrun By People Who Do Not Belong Here - And Response (5)

Thank you, Senator Corker, for your clear, concise evaluation of the president's attempt to bypass Congress and personally and independently establish national policy that violates our current immigration laws.   Our long-standing failure to enforce our laws to control illegal immigration across our southern border has made this country less safe and ... (click for more)

Roy Exum: ‘Pretty’ Seeking ‘Rich’

The story has been around for a while, long enough for the fact-checking Snopes.com to classify it as a “legend,” which means “great story but lacks validity,” so as we hope Tennessee’s football team can somehow beat 19 th -ranked Missouri in a rough-and-tumble game at Neyland Stadium tonight, allow me to share this because it is delightful just the same. The following is what ... (click for more)