Erlanger Health System CEO Kevin Spiegel began laying groundwork today for a revamped effort at legislation to restructure the hospital. That came out during a presentation to the Hamilton County Commission.
Legislation to remake the hospital's governing board died before the commission in March after no commissioner would make a motion to vote on the bill.
Spiegel said today he has been talking with legislators in a renewed effort to get the hospital restructured.
Spiegel wants the hospital to become a 501(c)3 nonprofit organization to compete with other area hospitals. Additionally, he wants to seek funding from a $70 million pool of federal money set aside for safety net hospitals. He also suggested the current Erlanger board be "grandfathered in" to new legislation and self perpetuating, so the hospital does not appear unstable.
He also reported Erlanger had 68 days of operating cash on hand. In 2011, the hospital had 107 days of cash.
Spiegel took the helm of the health system on April 1 and is working to bridge a $11 million shortfall in the health system's budget.