Erlanger Health System loses $3.1 million in November

Erlanger Health System loses $3.1 million in November

December 20th, 2011 by Ansley Haman in News

The Erlanger Hospital campus is visible from South Crest Drive in this file photo.

Photo by Angela Lewis/Times Free Press.

BY THE NUMBERS

  • $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 Erlanger

Photo by Jenna Walker/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.

Follow the latest Chattanooga news on Facebook