Hutcheson finances continue to improve

Hutcheson finances continue to improve

July 23rd, 2012 by Mariann Martin in Local Regional News

Chattanooga Times Free Press file photo of Erlanger at Hutcheson building.

Photo by Doug Strickland/Times Free Press.

Erlanger at Hutcheson in Fort Oglethorpe continued its financial improvement in June, recording its lowest losses in 2 1/2 years.

Officials are hopeful the North Georgia public hospital will break even by January 2013.

During a finance committee meeting today, Hutcheson chief financial officer Farrell Hayes reported an increase in daily patients, total surgeries, emergency room visits and outpatient visits compared to June 2011.

Hutcheson posted a loss of $171,000 in June, an improvement over a budgeted loss of $813,000. It is the best numbers the hospital has seen since January 2010, Hayes said.

Hutcheson CEO Roger Forgey said Hutcheson has not had to recently draw from the line of credit Erlanger Health System extended to the hospital after Erlanger took over management in May 2012.

"We would like to not report a loss, but we are very happy with this improvement," Forgey told trustees.