published Monday, April 21st, 2014

Erlanger posts a profit for March

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    Erlanger Hospital

Erlanger Health System reported a $1.9 million profit for the month of March.

The positive gains came after the public hospital had two rough months, reporting $4.7 in losses.

“March has been a much better month for us,” said hospital chief financial officer Britt Tabor. “We had snow issues in both January and February, and that impact on our outpatient cancellations really killed us.”

In addition to improved volumes, Tabor said that cost-saving initiatives, including the outsourcing of food services — which took effect in March — have begun to show results.

In Februrary, the hospital had announced that they were freezing employees’ vacation in an attempt to stem losses.

While that time has not yet been restored yet, CEO Kevin Spiegel has said it will be brought back as soon as the hospital is able to access $30 million in newly approved federal funds.

For more information, read Tuesday’s Times Free Press.

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