Erlanger Employees Get $400 Bonuses As Hospital Again Has A Profitable Year

Monday, September 19, 2016

The 3,700 Erlanger Health System employees will get $400 bonuses as the once-ailing hospital again had a profitable year.

Britt Tabor, Erlanger chief financial officer, said the bonuses will be included in checks in early October.

Physicians and management will not be eligible.

“Eligible” associates are all regular full-time and part-time associates hired prior to Jan. 1, 2016, who are not on disciplinary probation and who are not a member of Management Forum.

Total cost to the hospital will be $1.6 million.

Kevin Spiegel, president and CEO, said, “I am pleased we are able to continue to build a financially stable organization that enables us to reinvest in our associates, in Erlanger, our community and those we serve.” 

“Also, we recognize that our workforce made a significant contribution to Erlanger’s success this year, and will present each of our associates with a $400 bonus to reward their hard work, pending Board approval. This bonus represents more than $15 million directed toward associate salaries since 2014."

For the recent fiscal year, Erlanger had net income of $25.4 million. The year before total net income was $37.3 million. However, the hospital had a number of high expenses, including beginning to install the $100 million EPIC electronic medical records system, building out the thriving East campus on Gunbarrel Road and completing a new sixth floor Orthopedic Institute at the campus on East Third Street.

Net operating revenue increased $111.4 million over the prior year, which represents a 15 percent increase.

Erlanger admissions were up 7.5 percent over the previous year.

Surgical inpatients were up 2.9 percent and surgical outpatients up 9.8 percent. Cath lab procedures increased 20 percent. Orthopedic inpatient surgeries were up 11.8 percent.

Emergency room admissions were up 19.5 percent.

At the new Orthopedic Institute, four new surgery suites are now available and five new orthopedic physicians are on staff with more being recruited.

There are new orthopedic units at Erlanger East as well, and the hospital is buying $1.2 million in equipment for that site.

Rob Brooks, Erlanger chief operating officer, said heart doctor Dr. Larry Shears has been recruited from Pennsylvania to help boost Erlanger's heart program, which lags behind Memorial and Parkridge. He is the busiest surgeon in the country using robotic equipment that allows for minimally invasive heart surgery.

The hospital is leasing DaVinci Robotic equipment for $1.28 million over a 44-month period for use by Dr. Shears and others.

Total cash reserves at Erlanger are $102.2 million.

 



Former Federal Judge Sandy Mattice Opens The Mattice Group Law Firm In Chattanooga

Sheriff Cross Intervenes When Tour Bus Tries To Drop Off Illegal Immigrants In Dade County

Police Blotter: Woman Scammed Of $600 Deposit For Cat On Facebook; Woman Says Man Slashed Her Tires


Former Federal Judge and Prosecutor Harry S. "Sandy" Mattice, Jr., who recently stepped down from the federal bench in East Tennessee, has announced the opening of The Mattice Group, a law firm ... (click for more)

Sheriff Ray Cross said he personally intervened after he was told that tour buses were dropping illegal immigrants off in Dade County. He said he told the bus driver to keep traveling to ... (click for more)

A woman told police she had put a down payment of $600 on a cat with a Visa gift card on Facebook. The woman drove down from Kentucky to pick up the cat from an address on Flynn Street and when ... (click for more)



Breaking News

Former Federal Judge Sandy Mattice Opens The Mattice Group Law Firm In Chattanooga

Former Federal Judge and Prosecutor Harry S. "Sandy" Mattice, Jr., who recently stepped down from the federal bench in East Tennessee, has announced the opening of The Mattice Group, a law firm with offices in Chattanooga. The opening marks Judge Mattice’s return to the private practice of law after 20 years of service in the executive, legislative and judicial branches of the ... (click for more)

Sheriff Cross Intervenes When Tour Bus Tries To Drop Off Illegal Immigrants In Dade County

Sheriff Ray Cross said he personally intervened after he was told that tour buses were dropping illegal immigrants off in Dade County. He said he told the bus driver to keep traveling to a big city that would have more resources for them that the rural North Georgia county. This account is on the Dade County Sheriff's Facebook page: "After receiving a call that ... (click for more)

Opinion

A City In Search Of A Symbol - And Response

Assurances have been given of a much larger and varied utilization of the 141-acre former Wheland Foundry/U.S. Pipe site, not merely a new stadium for the Chattanooga Lookouts. Discussion of the proposed new stadium for Chattanooga has dominated the use of the dormant site. Additional usages of the property itself as well as “ripple effects” of the development intentionally move ... (click for more)

Roy Exum: The Freaks Of College Football

It has been almost 20 years since Bruce Feldman, a marvelous sportswriter for theathletic.com and Fox Sports, came up with the idea of identifying the “Freaks” of college football. Wait, being called a freak is a good thing, a very good thing, on a football team. It means you are so strong or so fast or so “athletic” that your own teammates and coaches stand in awe, be it in the ... (click for more)

Sports

WindStone Chosen As Host Site For 2022 National Car Rental PGA Jr. League Regional

Twelve golf facilities across the nation, including WindStone in Ringgold, Ga., have been named host sites for the 2022 National Car Rental PGA Jr. League Regionals taking place in September. Nearly 200 teams of junior golfers ages 10-17 will enjoy two days of competition. Through PGA Jr. League, kids ages 17 and under learn and play golf on co-ed teams, wear numbered jerseys ... (click for more)

UTC Football Fall Practice Preview

Palpable excitement filled the air this past Tuesday evening at Finley Stadium. As players in various states of undress poured out from a pair of school buses and into the locker room, equipment managers and assistant coaches scurried to set up equipment. The hits of Drake, Future, and other rap stars began to play from the stadium’s loudspeakers as players, now uniformly outfitted ... (click for more)