The Erlanger Medical Center is seen in this aerial photo.Erlanger Health System posted a nearly $730,000 surplus in October, Chief Financial Officer Britt Taber said in a budget and finance meeting Thursday night.
The health care network earned an extra $726,527 in its October operating budget, financial reports show, which is a major turnaround from a year ago. In October 2011, Erlanger posted a more than $2 million loss, spokeswoman Pat Charles said.
The financial gain comes in part because of higher than normal surgical admissions, Taber said. Thirty-four percent of Erlanger’s October admissions were for surgeries, according to the report.
“We exceeded our budget, and we exceeded our prior year total,” Taber said. “There’s a dramatic increase which results in our surgical procedures hitting 34 percent. That is key.”
In the first four months of the current fiscal year — which started in August — Erlanger has improved by about $3 million when compared to last year, Charles said.