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Nashville General Finance Report: Cerner Implementation, State Funding Uncertainty and Cash‑on‑Hand Concerns
Summary
Board heard December financials showing a monthly loss linked to Cerner implementation and higher expenses; uncertainty about a roughly $10 million state supplemental payment and low cash reserves prompted requests for further analysis.
The Hospital Authority Board reviewed December financial statements and a proposed fiscal‑year 2026 budget at its Feb. 27 meeting, where finance staff and board members highlighted implementation costs from an electronic health record conversion, uncertainty about state supplemental payments and lower-than-desired cash reserves.
Controller Mark Moran reported that December revenue was about $23 million for the month and net revenue roughly $12.6 million; expenses were approximately $3.4 million higher than revenue for the month, a loss Moran attributed in part to Cerner…
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