Erlanger Has Total Net Income Loss Of $3.9 Million For 1st Quarter, But Admissions Rise Sharply

Monday, October 16, 2017

Erlanger Health System reported a total net income loss of $3,944,125 for the first quarter.

The hospital had budgeted for a total net loss of over $6 million.

The hospital has been dealing with the major cost of implementing the new EPIC medical records system. At $100 million, it is the largest investment in the public hospital's history.

Britt Tabor, chief financial officer, said the implementation is going well with less negative effect on this year's budget thus far than expected.

The full implementation is just about two weeks away. Physicians earlier went on the new program.

Officials said admissions were 7.5 percent greater than prior year.

Mr. Tabor said, "For the first quarter, admissions were extremely strong compared to prior year."

Surgical inpatient volume was up 8.3 percent, while inpatient heart surgeries were 188 percent above the prior year.

Outpatient surgeries were three percent under prior year.

Mr. Tabor said Erlanger East on Gunbarrel Road "is doing wonderful" with spiraling admissions and surgeries.

Net patient revenue was $22.5 million over prior year "as market share continues to grow," he stated.

 



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