Erlanger Health System Starts Fiscal Year With $1.3M Loss, Blames Physician Vacation, Overtime

Erlanger Health System, based in Chattanooga, Tenn., has reported a loss of $1.3 million for the start of the new fiscal year, up from last year’s loss of $1 million, according to a Times Free Press report.

Advertisement

According to the report, July marks the first month of the current fiscal year. Officials attributed the hospital’s losses on overtime and physician vacations, according to the report.

Related Articles on Hospital Earnings:

39 Tampa Bay Hospitals Post Combined $631.6M in 2010 Profit
Florida’s Memorial Healthcare System Revenue Up 7.5%
Florida’s Tampa General Hospital Operating and Total Income Down, Expenses Up

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.