Erlanger loses $8.9 million combined in fiscal 2019, first quarter of 2020; 30 positions eliminated

Erlanger Health System is located at 979 E. 3rd Street in Chattanooga.

Erlanger Health System on Monday laid off employees, including members of upper management, as new financial reports revealed the hospital ended fiscal year 2019 with a $4.4 million loss and the first quarter of fiscal 2020 with a $4.5 million loss.

Erlanger officials confirmed in a statement Monday afternoon that 30 positions were eliminated and restructured. The financial reports were released at the Erlanger Board of Trustees' budget and finance committee meeting Monday evening.

This time last year, Erlanger had ended the fiscal year with a $500,000 income and the first quarter with a $2.6 million loss. Erlanger had budgeted a $2.5 million net loss for the first quarter of fiscal year 2020, which began July 1, but exceeded that projection due to lower-than-expected patient numbers and high operating costs.

The layoffs come a month after Dr.