Owensboro Health Regional Hospital

Organization Overview

Owensboro Health Regional Hospital is located in Owensboro, KY. The organization was established in 1995. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 05/2024, Owensboro Health Regional Hospital employed 4,290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owensboro Health Regional Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 05/2024, Owensboro Health Regional Hospital generated $822.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $692.0m during the year ending 05/2024. While expenses have increased by 3.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Owensboro Health Regional Hospital has awarded 361 individual grants totaling $17,002,454. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

OWENSBORO HEALTH, INC. EXISTS TO HEAL THE SICK AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

Describe the Organization's Program Activity:

OWENSBORO HEALTH, INC. (OH) IS THE PARENT ORGANIZATION OF A DIVERSIFIED SYSTEM OF HEALTH CARE ORGANIZATIONS THAT PROVIDES A BROAD RANGE OF INPATIENT AND OUTPATIENT SERVICES AND OTHER COMPLEMENTARY HEALTH CARE SERVICES. OH EMPLOYS HEALTHCARE PROFESSIONALS, INCLUDING PHYSICIANS, NURSES, ADVANCE PRACTICE REGISTERED NURSES, PHYSICIAN ASSISTANTS AND OTHER LICENSED PROFESSIONALS WHO PROVIDE DIRECT PATIENT CARE IN THE ORGANIZATION'S MAIN HOSPITAL, OWENSBORO HEALTH REGIONAL HOSPITAL. IN ADDITION, THE ORGANIZATION OPERATES SEVERAL WHOLLY OWNED AND CONTROLLED SUBSIDIARIES, INCLUDING OH MUHLENBERG, LLC (OHMCH), OH TWIN LAKES MEDICAL CENTER (OHTLMC), OWENSBORO HEALTH MEDICAL GROUP, INC., OWENSBORO HEALTH FOUNDATION, INC., ONE HEALTH NETWORK, LLC, ONE HEALTH SOLUTIONS, LLC, COMMONWEALTH MEDICAL MANAGEMENT, LLC , THE HEALTH NETWORK OF WESTERN KENTUCKY, LLC AND OWENSBORO HEALTH PROPERTIES HOLDING INC. OH'S PRIMARY ACTIVITY CONSISTS OF PROVIDING MEDICAL AND PATIENT CARE SERVICES IN ITS MAIN HOSPITAL, OWENSBORO HEALTH REGIONAL HOSPITAL, SERVING 18 COUNTIES IN WESTERN KENTUCKY AND SOUTHERN INDIANA. OUR MEDICAL SERVICES ARE DELIVERED BY HIGHLY SKILLED PHYSICIANS ALONG WITH A CARING AND COMPASSIONATE NURSING STAFF. OH SUPPORTS OUR CARE TEAMS WITH STATE-OF-THE ART EQUIPMENT TO PROVIDE OUR PATIENTS WITH ADVANCED MEDICAL TREATMENTS AND PROCEDURES. IN THE FISCAL YEAR ENDED MAY 31, 2024, OHRH AND OHMCH HAD TOTAL ADMISSIONS OF 17,457, PATIENT DAYS OF 94,897 AND TOTAL ER VISITS OF 76,769. COST OF PARTICIPATING IN GOVERNMENT PROGRAMS: OH IS COMMITTED TO SERVING ALL PERSONS IN NEED, REGARDLESS OF RACE, CREED, SEX, NATIONALITY, RELIGION, DISABILITY, AGE OR ABILITY TO PAY. TO PROMOTE ACCESS TO CARE, OH PARTICIPATES IN THE FOLLOWING PUBLIC HEALTH PROGRAMS: MEDICAID, MEDICARE, TRICARE AND LOCAL HEALTH DEPARTMENTS. IN GENERAL, PAYMENTS FROM THESE PROGRAMS FREQUENTLY DO NOT COVER THE COSTS OH INCURS TO SERVE PROGRAM BENEFICIARIES. UNCOMPENSATED CARE AND FINANCIAL ASSISTANCE: OH PROVIDES MEDICAL CARE WITHOUT CHARGE, OR AT REDUCED COST, TO RESIDENTS OF THE COMMUNITIES THAT IT SERVES. OH'S FINANCIAL ASSISTANCE PROGRAM WAS ESTABLISHED TO ASSIST PATIENTS WHO DO NOT QUALIFY FOR MEDICAL ASSISTANCE PROGRAMS, LIKE MEDICAID, AND WHOSE ANNUAL INCOMES ARE AT OR BELOW CERTAIN PERCENTAGES OF THE FEDERAL POVERTY GUIDELINES. DURING THE REPORTING PERIOD, OH PROVIDED $10,019,299 IN FINANCIAL ASSISTANCE TO LOW-INCOME AND/OR UNINSURED PATIENTS. OH DOES NOT INCLUDE IN THAT AMOUNT $25,283,670 OF BAD DEBT EXPENSE, WHICH ARE AMOUNTS WRITTEN OFF FOR PROVIDING SERVICES TO PERSONS WHO MAY BE ABLE, BUT ARE UNWILLING, TO PAY FOR THE SERVICES THEY RECEIVE. AS DESCRIBED ELSEWHERE, OH BELIEVES A PORTION OF ITS BAD DEBT EXPENSE DERIVES FROM PATIENTS WHO MIGHT HAVE QUALIFIED FOR FINANCIAL ASSISTANCE HAD THEY SUBMITTED ASSISTANCE APPLICATIONS. OH IS COMMITTED TO EXPANDING ITS PROGRAMS TO IMPROVE ACCESS TO HEALTH CARE IN ITS PRIMARY AND SECONDARY SERVICE AREAS, WHICH INCLUDE RURAL AND ECONOMICALLY DEPRESSED AREAS AND AREAS THAT LACK ADEQUATE NUMBERS OF PRIMARY CARE AND SPECIALTY PROVIDERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Board Vice-Chairperson
$0
Name Not Listed
Board Chairperson
$0
Name Not Listed
Board Vice-Chairperson (ended 10/31/2023)
$0
Name Not Listed
Board Secretary (effective 11/1/2023)
$0
Name Not Listed
Board Secretary (ended 10/31/2023)
$0
Name Not Listed
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Optum
Mgmt Of Rev Cycle And Inf Tech Svc
$53,115,922
Louisville Rad Imaging Cnslts
Radiology Services
$9,693,658
Morrison Healthcare Food Svc
Food Services
$8,018,695
Qualivis Llc
Healthcare Staffing Resource
$7,573,376
Commonwealth Anesthesiapsc
Anesthesia Services
$5,867,997
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$622,966
Government grants $1,269,252
All other contributions, gifts, grants, and similar amounts not included above$418,214
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,310,432
Total Program Service Revenue$799,275,736
Investment income $12,302,347
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,617,005
Net Gain/Loss on Asset Sales -$509,864
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $412,136
Miscellaneous Revenue$0
Total Revenue $822,447,186

Grants Awarded

Over the last fiscal year, Owensboro Health Regional Hospital has awarded $1,817,419 in support to 28 organizations.

Grant RecipientAmount

TRI-STATE FOOD BANK INC

PURPOSE: COMMUNITY SUPPORT

$52,450

COMMUNITY DENTAL CLINIC

PURPOSE: COMMUNITY SUPPORT

$50,000

GREEN RIVER DISTRICT HEALTH DEPARTMENT

PURPOSE: COMMUNITY SUPPORT

$31,403

THE EMPOWERMENT ACADEMY

PURPOSE: COMMUNITY SUPPORT

$40,000

HABITAT FOR HUMANITY OF ODC

PURPOSE: COMMUNITY SUPPORT

$27,500

MUHLENBERG COUNTY BOARD OF EDUCATION

PURPOSE: COMMUNITY SUPPORT

$237,233
View Grant Profile

Peer Organizations

Organization NameAssets
Bjc Health System
St Louis, MO
$1,227,770,112
University Hospitals Health System Inc
Shaker Heights, OH
$878,242,319
Aultman Health Foundation Group Return
Canton, OH
$873,368,806
Virginia Hospital Center Arlington Health System
Arlington, VA
$824,880,162
Wellmont Health System
Johnson City, TN
$845,523,767
Appalachian Regional Healthcare Inc
Lexington, KY
$817,287,479
Owensboro Health Regional Hospital
Owensboro, KY
$822,447,186
Adena Health System
Chillicothe, OH
$670,036,465
Memorial Health Care System Inc
Chattanooga, TN
$638,480,662
West Virginia University Medical Corporation
Morgantown, WV
$655,420,491
Indiana University Health Arnett Inc
Indianapolis, IN
$585,823,463
The Carle Foundation
Urbana, IL
$575,377,812
Alexian Brothers Health System
St Louis, MO
$531,298,685
Norton Healthcare Inc
Louisville, KY
$617,825,151
Carle Health Care Incorporated
Urbana, IL
$314,973,561
Carilion Services Inc
Roanoke, VA
$382,602,553
West Virginia United Health System Inc
Morgantown, WV
$352,864,528
Decatur Memorial Hospital
Springfield, IL
$323,978,614
Baptist Memorial Health Care Corporation
Memphis, TN
$249,640,612
Beacon Medical Group Inc
South Bend, IN
$186,390,453
Hospital Sisters Health System
Springfield, IL
$299,012,822
Lima Memorial Joint Operating Company
Lima, OH
$297,520,103
Trinity Health System
Steubenville, OH
$277,072,077
Saint Thomas Health
St Louis, MO
$241,312,060
Protestant Memorial Medical Center
Belleville, IL
$285,528,859

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