Erlanger profit increases on higher patient volume

Chattanooga, Tenn.-based Erlanger Health System posted an $11.4 million profit in the third quarter of its fiscal 2015, according to a Chattanoogan report.

Erlanger CFO Britt Tabor said that brings the system's profit for the first nine months of fiscal year 2015 to $25.3 million, according to the report.

In contrast, Erlanger reported a $4.2 million loss for the third-quarter of fiscal 2014. Mr. Tabor said the system had an $8.7 million loss at this time in FY 2014.

The promising numbers are attributable largely to an increase in patient volume. At a recent meeting held by the Erlanger board's budget and finance committee, Erlanger President and CEO Kevin M. Spiegel said, "Our market share has picked up dramatically. Our competitors have fallen off," according to the report.

In the third quarter, Erlanger admissions were up 13.5 percent and emergency room visits were up 12.3 percent over the comparable period of the prior year.

Mr. Spiegel said he expects the system to have "more good news" in the fourth quarter of FY 2015, according to the report.

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