Tough Financial Month for Elbert Memorial Hospital

July 25, 2013

It was a tough month of June, financially speaking, for Elbert Memorial Hospital.

Despite the hospital reducing expenses in the month of June compared to May, Elbert Memorial CFO Doug Faircloth, said revenues took a substantial drop.

In May, revenue was in excess of one million dollars, but for June, revenues dropped to just over seven hundred thousand dollars.

Faircloth says that a number of different issues helped contribute to the revenue loss.

“Our patient days dropped substantially from 424 to 301, and of course that drove our room and board revenue down a bit”, said Faircloth. “Our out patient visits and ED visits dropped a combined 55% from the month of May to the month of June.”

Additionally, he says there were a couple of unusual contractual problems that also affected the June numbers.

Despite the negative numbers for June, Faircloth said that the year to date data is still positive, saying that overall revenue is up, and patient days are also up by about 11%.

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