$3.1 million -- Loss for November
$6.38 million -- Loss since fiscal year started in July
$9.77 million -- Total underbudget for fiscal year
Source: Erlanger
-
Charlesetta Woodard-Thompson is the interim CEO of ErlangerPhoto by Jenna Walker /Chattanooga Times Free Press.
Erlanger Health System lost $3.16 million in operations in November, leaving the public hospital $9.77 million behind budget for this fiscal year.
The losses came the same month the hospital announced the departure of president and CEO Jim Brexler.
Operations losses for the fiscal year, which began in July, now total $6.38 million, according to numbers released Monday. The hospital had budgeted to be $3.96 million in the black by November's end.
Interim CEO Charlesetta Woodard-Thompson declined to comment about the figures.
The hospital's board of trustees placed Woodard-Thompson, who previously served as the chief operating officer, at the helm last month.
In November 2010, the hospital's operations were $710,682 in the black for the month and $260,558 for the year.
Admissions for this November were 3.7 percent over budget, and 9.1 percent higher than November last year.
Still, surgical outpatients were 6.4 percent under budget, and outpatient revenue fell short by $6.3 million.
Total uncompensated care for the fiscal year now totals $33.52 million.
Earlier this year, Erlanger agreed to extend a $20 million line of credit to Hutcheson Medical Center in North Georgia. So far, Erlanger has advanced $5.2 million to the institution, now known as Erlanger at Hutcheson.
Erlanger's monthly highlights included a 27.8 percent increase in physician outpatient visits over budget and surgical inpatients were 2.6 percent over budget.
The hospital's board of trustees rejected a $727,000 severance package for Brexler on Dec. 12 and has accepted his resignation, effective Dec. 31.
The board didn't settle at the Dec. 12 meeting how and if negotiations about a possible severance for Brexler would continue.
Ansley Haman covers Hamilton County government. A native of Spring City, Tenn., she grew up reading the Chattanooga Times and Chattanooga Free Press, which sparked her passion for journalism. Ansley's happy to be home after a decade of adventures in more than 20 countries and 40 states. She gathered stories while living, working and studying in Swansea, Wales, Cape Town, South Africa, Washington, D.C., Atlanta, Ga., and Knoxville, Tenn. Along the way, she interned for ...
related articles »
Despite making a profit of $5.4 million in the last fiscal year, Erlanger Health System executives will not receive bonuses ...
The former CEO of Hutcheson Medical Center should not have been given a severance package because he improperly managed the ...
Erlanger hospital's board of trustees rejected a severance package worth about $727,000 in salary and benefits for outgoing CEO Jim ...
Erlanger Health System President Jim Brexler will resign from Chattanooga’s biggest hospital within the next several weeks, the hospital said ...
Its under the couch cushions there in one of the lobbies.
It's obvious that severance is deserved and the organization is capable of paying it. Right?
Way to go Ms. Haman! You're getting close to the shop talk my wife is hearing in the ER & throughout hospital (they do transfer pts to other depts from the ER). The place where Erlanger's losing money is that the doctors (surgeons) are not being selected by patients. If patients are choosing other doctors, it should reflect on their practices, not the hospital. I know the great folks who work so hard at Erlanger and are always swept up with the negative stuff in the paper. In regular business, like mine, if you don't perform, doctors, you're fired. Looks like you're firing your boss first. Keep digging Ms. Haman. The good people at Erlanger deserve some credit.
Or login with:
New Account