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."

     

  

 

 


Debra Chew: Spiritual Well-Being And Surviving Breast Cancer

I don’t look good in pink – but October is pink-out month - and it is everywhere for National Breast Cancer Awareness Month.  The U.S. and world awareness of this important issue for women’s health is particularly important to me, for I am the daughter of a breast cancer survivor.  This year, as so many lined up at the World’s Fair Park for the Race for the Cure, I was ... (click for more)

Chattanooga-Based Company On The Frontline Of Ebola Response

The transport of patients who have contracted the Ebola virus from West Africa to sites in America including Emory University, the University of Nebraska, and the National Institutes of Health has involved rigorous containment protocols and infectious disease decontamination measures directed and implemented by SafetyPlus, LLC, a single source company specializing in solutions in ... (click for more)

Chattanooga Firm Gets $1,010,000 Contract For Overseeing VW Expansion For New SUV Line

A Chattanooga firm is getting the contract for overseeing the construction work for the new SUV line at the Volkswagen plant. Officials said the EMJ Corporation has been selected for the project that will give a new surge of activity and employment at the plant at the Enterprise South Industrial Park. The work includes additions to the body shop and tech center and adding ... (click for more)

Several Arrested Outside Erlanger Hospital When Crowd Gathers After Woodlawn Shooting

Several people were arrested Monday night outside Erlanger Hospital after a crowd gathered and clashed with police. The crowd included family and friends of 20-year-old Apprentice Berry, who was shot multiple times and killed earlier Monday night at the Woodlawn Apartments on Wilson Street. Erlanger officials said the group gathered at the emergency room, but were later moved ... (click for more)

Chattanooga Has Lost Its Most Popular Citizen - Luther Masingill - And Response

Chattanooga has lost its most popular citizen – Luther Masingill. Although we are saddened we cherish the memories.  All of us have a Luther story.  Mine is the first time I met Luther.  This was before TV and all of Chattanooga listened to Luther on the radio.  I was 12-years-old.  Some of my buddies and I had gone to the State Theater in downtown ... (click for more)

Roy Exum: My Dear Friend Luther

One sunny morning in June years ago, the renowned radio icon Luther Masingill was on his way back to the WDEF studios on South Broad Street when he stopped for a red light and noticed a young couple in a car idling next to his familiar light blue Ford pickup. “What caught my eye was a buck-toothed boy eating a banana in the back seat,” he explained in an aside to that day’s lunchtime ... (click for more)