Erlanger Registers A $1.5 Million Loss For August

Monday, September 23, 2013

  Erlanger Health Systems reported a $1.5 million loss for August, leaving the hospital just barely in the black after two months of the fiscal year.

Britt Tabor, finance director, called it "a very unusual month, especially the last week of August.

”  

He noted that admissions were 13.6 percent over budget and 4.8 percent higher than last year, but he said the Neonatal Intensive Care Unit volume was 10.5 percent under budget and surgeries down - especially at the end of the month.

Mr. Tabor said,  “This, combined with our commercial utilization being almost 10 percent under budget and more than 16 percent lower than last year, had a significant impact on our August revenues.” 

Emergency room visits were 13.7 percent higher than last year, but almost six percent below projections for August. 

Physician practice outpatient visits were more than 31 percent under budget and 27.7 percent below last year's numbers.


   Cath lab procedures were down by 19 percent, and IP heart-thoracic surgeries and neurosurgery inpatient surgeries also down.


The board's finance committee was told that Erlanger had a $7.9 million loss for the 2012-13 fiscal year.


      Admissions for the year were six percent under budget for the year, surgical inpatients were 11.7% under budget, surgical outpatients were 4.6 percent under budget and Erlanger’s surgical mix was 29.8 percent for the year. Emergency room visits were 4.4 percent under budget, but 6.4% higher than the previous year. Cost per adjusted admission for the year was $8,622 compared to a budget of $8,243. 


        Erlanger provided more than $85 million in uncompensated care for the fiscal year.


The finance committee approved the renovation and re-location of physician staff lounges and locker rooms to provide for future expansion of the new vascular operating rooms.

Officials said vascular operations are a major component of the hospital.

The project will cost $1.5 million and will be funded from the previous sale of the Erlanger East Physician Office Buildings.


Also approved as a professional services agreement between Erlanger and University Oncology and Hemotology Associates for medical oncology and hematology services.


Erlanger Chief Nursing Officer Jan Keys said, “This agreement represents a commitment to embrace a more quality-driven model of cancer prevention, diagnosis and treatment.”


Officials said, "Payments for oncology services are not keeping up with the costs of running a practice, and drug profit-margins for the administration of chemotherapy have declined significantly over the past eight years.  With this agreement, Erlanger will be able to offset reimbursement cuts for chemotherapeutic drugs through access to competitive pricing of outpatient drugs. This will also allow Erlanger to better serve the community by improving access to medical oncology and hematology services to the underserved.  Partnering with medical oncology physicians will be critical to the overall success of cancer services as demand for services continues to grow."

     

  

 

 


Erlanger Hosts Trauma Care Golf Tournament And Symposium

Join LIFE FORCE and Erlanger’s Trauma Services in celebrating 25 years of service at the 2014 Erlanger Trauma Care “Ugly Pants” Golf Tournament on Tuesday, May 13, at Signal Mountain Golf & Country Club. Prizes will be awarded for the ugliest pants.  Registration begins at 7 a.m. with tee-off at 8 a.m. Fees are $80 per player and $320 for foursomes. Goody bags, door prizes, ... (click for more)

Marrow Donor Registry Drive To Be Held May 20 For HCEMS Paramedic Needing Transplant

There will be a marrow donor registry on Tuesday, May 20, for Will Frawley, 28, who is a Hamilton County paramedic. Mr. Frawley has been diagnosed with Myelodysplastic Syndrome and is in need of a bone marrow transplant. Mr. Frawley has been in the EMS field for 13 years, and is scheduled to be married in June. The drive will take place from 9 a.m.-5 p.m. at the Hamilton ... (click for more)

Catoosa Man Convicted Of Sexual Abuse Of 5 Young Girls Gets Life Plus 250 Years

A Catoosa County man convicted of the sexual abuse of five young girls and possession of child pornography has been sentenced to life plus 250 years. James Martin Ferris, 34, was found guilty after a recent trial. The day after his conviction, Judge Ralph Van Pelt set the sentence. Ferris on June 5, 2013, was indicted by the Catoosa County Grand Jury on 46 counts.   ... (click for more)

Rev. Jesse Jackson To Be Guest Speaker At City-Wide Peace And Love Rally On Friday

Rev. Jesse Jackson will be the speaker at the City Wide Peace and Love Rally at Olivet Baptist Church, 740 East ML King Blvd.,  on Friday, from 5:15-7 p.m. Rev. Jackson is the founder and president of Rainbow PUSH Coalition. Cedric Pendleton, actor and humanitarian with Have and Have Nots/House of Payne/Fantasia Story, will be the special guest. (click for more)

Use The Current Rail System Already In Place - And Response

Why spend $20 million or more on an unproven system to run from the Southside of Chattanooga when we already have the beginnings of a system?  The question apparently has surfaced of why the Choo Choo City doesn't have a rail line. We do have a rail line with the Tennessee Valley RR Museum and their hardware. And they already make runs from the Southside to close to Enterprise ... (click for more)

Roy Exum: UAW Voices In Detroit

Today we are going to eavesdrop on somewhat of an open conversation that was held far to the north after the United Auto Workers surprisingly dropped a legal challenge with the National Labor Relations Board in Chattanooga the first thing on Monday morning. The NLRB judge certified the VW workers’ February vote to turn away the UAW at Chattanooga’s Volkswagen manufacturing plant ... (click for more)