Erlanger Health Not Expected to Make Profit Until April

Tags: accounts receivable | Erlanger | Erlanger Health System | hospital finance | hospital loss | net loss

Chattanooga, Tenn.-based Erlanger Health System's financial woes are continuing, as it lost $2.1 million in January, according to a Chattanooga Times Free Press report.

In the first seven months of Erlanger's fiscal year, the health system lost $12.5 million, and trustees do expect the hospital to turn a profit until April, according to the report.

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Erlanger's net days in accounts receivable are about 68 days, far above the national target of 55 days or below. The health system also currently has roughly $12 million due on Medicare accounts.

Related Articles on Erlanger Health System:

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Erlanger's Budget Shortfall Hits $10.3M in First Half of Fiscal Year

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