Administrators of Erlanger at Hutcheson see a glimmer of light at the end of the tunnel in their quest to restore the hospital’s financial health.
The financial report for May 2012, given during last week’s meeting of the hospital boards, was the best in two years, according to Chief Financial Officer Farrell Hayes.
“This was our best month since May 2010,” he said.
Though the hospital lost $481,000 this May, it was vastly better than the $1.3 million it was budgeted to lose and far less than the several millions lost since the first of the year. It was also half what the hospital lost during the same month in the previous year.
“We want to be back in the black,” Hayes said. “We aren’t, but we are trending that way.”