Chattanooga’s Erlanger Hospital is seen in this aerial file photo.ERLANGER RED INK
July $1.3 million lossAugust $1.5 million profitSeptember $1.3 million lossOctober $2.1 million lossNovember $3.2 million lossDecember $3.9 million lossJanuary $2.1 million lossFebruary $0.6 million lossMarch $4.1 million lossSource: Erlanger Health System financial reports
Erlanger Health System executives want to bring in consultants to help them stem mounting losses at the county’s public hospital.
The hospital lost $4.1 million in March, bringing its yearly loss to more than $17 million for the first nine months of the fiscal year.
The hospital is on track to lose several million more in April, if current trends continue. Meeting bond covenant requirements by the end of the year would be increasingly difficult, trustees learned Monday night at a Budget and Finance Committee meeting.
Interim CEO Charlesetta Woodard-Thompson asked committee members if they would consider a proposal to hire a consulting firm, a proposal she plans to present at Thursday’s full board meeting.