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.
Form
990T
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Board Vice-Chairperson | OfficerTrustee | 3 | $0 |
Name Not Listed Board Chairperson | OfficerTrustee | 3 | $0 |
Name Not Listed Board Vice-Chairperson (ended 10/31/2023) | OfficerTrustee | 3 | $0 |
Name Not Listed Board Secretary (effective 11/1/2023) | OfficerTrustee | 3 | $0 |
Name Not Listed Board Secretary (ended 10/31/2023) | OfficerTrustee | 3 | $0 |
Name Not Listed Board Member | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Optum Mgmt Of Rev Cycle And Inf Tech Svc | 5/30/24 | $53,115,922 |
Louisville Rad Imaging Cnslts Radiology Services | 5/30/24 | $9,693,658 |
Morrison Healthcare Food Svc Food Services | 5/30/24 | $8,018,695 |
Qualivis Llc Healthcare Staffing Resource | 5/30/24 | $7,573,376 |
Commonwealth Anesthesiapsc Anesthesia Services | 5/30/24 | $5,867,997 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,940,287 |
Grants and other assistance to domestic individuals. | $349,329 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $9,615,704 |
Compensation of current officers, directors, key employees. | $8,979,819 |
Compensation to disqualified persons | $229,824 |
Other salaries and wages | $189,322,526 |
Pension plan accruals and contributions | $13,930,537 |
Other employee benefits | $19,205,478 |
Payroll taxes | $14,438,628 |
Fees for services: Management | $26,899,716 |
Fees for services: Legal | $2,276,741 |
Fees for services: Accounting | $380,000 |
Fees for services: Lobbying | $67,784 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $702,992 |
Fees for services: Other | $95,451,682 |
Advertising and promotion | $2,884,281 |
Office expenses | $9,081,596 |
Information technology | $4,797,041 |
Royalties | $355,894 |
Occupancy | $10,172,520 |
Travel | $558,809 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $108,936 |
Interest | $26,625,168 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $32,936,959 |
Insurance | $8,605,035 |
All other expenses | $4,265,692 |
Total functional expenses | $692,038,189 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $35,637,122 |
Savings and temporary cash investments | $5,659,742 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,538,702,127 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $14,375,517 |
Prepaid expenses and deferred charges | $29,838,465 |
Net Land, buildings, and equipment | $455,252,765 |
Investments—publicly traded securities | $318,719,195 |
Investments—other securities | $0 |
Investments—program-related | $27,795,482 |
Intangible assets | $4,383,371 |
Other assets | $24,429,429 |
Total assets | $2,454,793,215 |
Accounts payable and accrued expenses | $100,253,133 |
Grants payable | $0 |
Deferred revenue | $177,531 |
Tax-exempt bond liabilities | $531,256,789 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $19,337,862 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $671,725,933 |
Total liabilities | $1,322,751,248 |
Net assets without donor restrictions | $1,132,041,967 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,454,793,215 |
Over the last fiscal year, Owensboro Health Regional Hospital has awarded $1,817,419 in support to 28 organizations.
Grant Recipient | Amount |
---|---|
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 |