published Monday, July 23rd, 2012

Hutcheson finances continue to improve

  • photo
    Chattanooga Times Free Press file photo of Erlanger at Hutcheson building.
    Photo by Doug Strickland /Chattanooga Times Free Press.

Erlanger at Hutcheson in Fort Oglethorpe continued its financial improvement in June, recording its lowest losses in 2 1/2 years.

Officials are hopeful the North Georgia public hospital will break even by January 2013.

During a finance committee meeting today, Hutcheson chief financial officer Farrell Hayes reported an increase in daily patients, total surgeries, emergency room visits and outpatient visits compared to June 2011.

Hutcheson posted a loss of $171,000 in June, an improvement over a budgeted loss of $813,000. It is the best numbers the hospital has seen since January 2010, Hayes said.

Hutcheson CEO Roger Forgey said Hutcheson has not had to recently draw from the line of credit Erlanger Health System extended to the hospital after Erlanger took over management in May 2012.

“We would like to not report a loss, but we are very happy with this improvement," Forgey told trustees.

about Mariann Martin...

Mariann Martin covers healthcare in Chattanooga and the surrounding region. She joined the Times Free Press in February 2011, after covering crime and courts for the Jackson (Tenn.) Sun for two years. Mariann was born in Indiana, but grew up in Pennsylvania, Tennessee and Belize. She graduated from Union University in 2005 with degrees in English and history and has master’s degrees in international relations and history from the University of Toronto. While attending Union, ...

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