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 Opens Sixth Emergency Department To Serve Sequatchie Valley

Residents of the Sequatchie Valley are invited to tour the area’s only 24/7 emergency center during Open House festivities for the new Sequatchie Valley Emergency Department on Sunday from 2 - 4 p.m. (CDT), at 16931 Rankin Avenue in Dunlap, Tn. To celebrate the grand opening of the new emergency center, officials with Erlanger Health System will hold a ribbon-cutting ceremony ... (click for more)

Morning Pointe Hosts Car Wash And Hot Dog Sale This Saturday

Morning Pointe of Chattanooga will be having a car wash and hot dog sale this Saturday from 8 a.m. – noon at the assisted living facility. All proceeds will go to the Alzheimer’s Association.   (click for more)

Black Creek Developers Say They "Followed The Rules" On $9 Million TIF: To Continue Project

The developers of the Black Creek project at Aetna Mountain said Thursday they "complied precisely by the rules when we applied for and received approval of the TIF district." Doug Stein said the group plans to continue on with the project, which he said earlier would include the creation of a small town on a huge undeveloped tract on the mountain above Black Creek (formerly ... (click for more)

WTCI Says Fleischmann Ad Included Unauthorized Use Of Logo

Officials of WTCI TV said a Chuck Fleischmann TV ad contained an unauthorized use of the public TV station's logo. Officials stated in a letter to WTCI viewers: "We understand that members of our community may have received a printed communication from the Chuck Fleischmann for Congress Committee featuring the headline "Weston Wamp Supports Amnesty for Illegal Immigration." ... (click for more)

Cell Phones And Roundabouts

I read the article written by Chris Morgan about the use of cell phones in vehicles and the Chattanooga Roundabouts. Cell phone use in vehicles especially in crisis intersection situations is extremely dangerous. I also agree with his assessment about the roundabouts. One problem I see with roundabouts is that on the two-lane roundabouts where they are coming in from ... (click for more)

Roy Exum: Two Wrongs Not Right

Scottie Mayfield is a delightful friend of mine but he’s the last guy in the world who should be aiming at anybody’s character. He’s always had class but today Scottie is the “star” of a shameful political commercial in which he assails challenger Weston Wamp on behalf of a panicked Chuck Fleischmann. Mayfield, you’ll remember, ran against the two in the last race for the District ... (click for more)