Overview
What is Owensboro Health Inc?
Owensboro Health Inc, based in Owensboro, Kentucky, is a parent organization of a diverse system of healthcare organizations. With a workforce of over 4,200 employees, they provide a broad range of inpatient and outpatient services, as well as complementary healthcare services. Their primary activity revolves around the provision of medical and patient care services in their main hospital, Owensboro Health Regional Hospital, serving 14 counties in western Kentucky and southern Indiana. Owensboro Health is committed to serving all individuals, regardless of their background, and participates in public health programs like Medicaid, Medicare, Tricare, and local health departments. Despite these programs not fully covering their costs, Owensboro Health offers financial assistance to low-income and uninsured patients, providing over $10 million in assistance during the last reporting period. They also write off over $29 million in bad debt expenses for persons who may be able but unwilling to pay. Owensboro Health aims to expand its programs to improve access to healthcare in its primary and secondary service areas, including rural and economically depressed areas and regions with inadequate primary care and specialty providers. Their mission is to heal the sick and improve the health of the communities they serve.
Official website here: www.owensborohealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating
Owensboro Health Inc has received a high score of 95%, reflecting its strong performance in accountability and finance. This rating indicates that the organization maintains a high level of transparency and sound financial practices. The nonprofit boasts an independent board with 85% of its members being independent, ensuring effective governance and oversight.
The organization excels in various areas such as having no material diversion of assets and a robust conflict of interest policy. Additionally, the financial statements are well-managed, with an impressive program expense ratio of 76.31%, demonstrating that a significant portion of its funding goes directly to its programs and services.
Despite its strengths, the rating does not provide details about program impact or community feedback, leaving some areas of effectiveness unspecified. Overall, Owensboro Health Inc shows a commitment to accountability, making it a trustworthy choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Owensboro Health Inc legitimate?
Owensboro Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owensboro Health Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $7,526,718
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,212,529
For more financial information, click here
Official website here: www.owensborohealth.org
What is the mission statement of Owensboro Health Inc?
Owensboro Health Inc is a healthcare organization dedicated to healing the sick and enhancing the health of the communities it serves. The parent company of a diversified system, Owensboro Health provides a comprehensive range of inpatient and outpatient services, as well as other complementary healthcare offerings. Their team of healthcare professionals, including physicians, nurses, and other licensed professionals, deliver medical care in their main hospital with advanced equipment for advanced treatments. In the fiscal year ended May 31, 2022, they had a total of 16,711 admissions, 101,879 patient days, and 76,038 ER visits. Owensboro Health is committed to providing care for all, regardless of race, creed, sex, nationality, religion, disability, age, or ability to pay. They participate in public health programs such as Medicare, Medicaid, Tricare, and local health departments to promote access to care. Uncompensated care and financial assistance are also offered to those who do not qualify for medical assistance programs but have annual incomes below certain percentages of the federal poverty guidelines. Owensboro Health aims to expand its programs to improve access to healthcare in underserved areas.
Official website here: www.owensborohealth.org
Who is the CEO of Owensboro Health Inc?
Unavailable The CEO's salary of Owensboro Health Inc is $0 and their total compensation is $335,233.
Official website here: www.owensborohealth.org
What is the revenue of Owensboro Health Inc?
Owensboro Health Inc's revenue in 2022 was $743,805,012.
Official website here: www.owensborohealth.org
Who are the executives of Owensboro Health Inc and what are their salaries?
The average compensation at Owensboro Health Inc during 2022 was $50,584. There are 4265 employees and 195 volunteers at Owensboro Health Inc.
Here are 45 key members and their salaries (Owensboro Health Inc's CEO's salary is $0 and their total compensation is $335,233):
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- Other: $42,608
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- Other: $41,499
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- Other: $19,282
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- Other: $33,617
- Compensation: $481,450
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- Compensation: $407,909
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- Other: $60,566
- Compensation: $572,970
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- Other: $61,660
- Compensation: $636,268
- Related: $41,372
- Other: $19,912
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- Other: $19,276
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- Other: $50,957
- Compensation: $626,629
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- Other: $34,881
- Compensation: $554,461
- Related: $110,724
- Other: $46,683
- Compensation: $305,120
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- Compensation: $436,088
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- Other: $61,620
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- Compensation: $186,729
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- Other: $47,772
- Compensation: $218,290
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- Other: $26,856
- Compensation: $202,902
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- Other: $18,477
Official website here: www.owensborohealth.org
Where can I find the form 990 for Owensboro Health Inc?
Owensboro Health Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.owensborohealth.org
Learn more at the official website: www.owensborohealth.org
Mission Statement of Owensboro Health Inc
Owensboro Health Inc, a leading health care organization, is dedicated to healing the sick and improving the health of the communities it serves. The parent company of a diversified system of health care organizations, Owensboro Health provides a broad range of inpatient and outpatient services, as well as other complementary health care services. Its team of highly skilled healthcare professionals, including physicians, nurses, and other licensed professionals, deliver medical and patient care services in their main hospital.
Beyond its primary activity of providing medical care, Owensboro Health also operates several subsidiaries, including Owensboro Health Medical Group, Owensboro Health Foundation, One Health Network, One Health Solutions, Commonwealth Medical Management, The Health Network of Western Kentucky, and Owensboro Health Properties Holding. These subsidiaries support the organization's care teams with state-of-the-art equipment and provide advanced medical treatments and procedures to patients.
In the fiscal year ended May 31, 2022, Owensboro Health Regional Hospital and Owensboro Munchenberg Hospital had a combined total of 16,711 admissions, 101,879 patient days, and 76,038 emergency room visits. Committed to serving all persons in need, Owensboro Health participates in public health programs like Medicaid, Medicare, Tricare, and local health departments. Despite frequently not covering the costs incurred, Owensboro Health provides medical care without charge or at reduced cost to residents of the communities it serves through its financial assistance program. During the reporting period, it provided $10,019,299 in financial assistance to low-income and uninsured patients. The organization is committed to expanding its programs to improve access to healthcare in its primary and secondary service areas, including rural and economically depressed areas and areas that lack adequate numbers of primary care and specialty providers.
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Impact
October, 2024
Owensboro Health Inc plays a critical role in improving the health and well-being of its communities by providing comprehensive medical services and enhancing access to healthcare. Operating a diversified system that includes Owensboro Health Regional Hospital and several subsidiaries, the organization delivers a wide range of inpatient and outpatient care.
With a commitment to serve 14 counties in Western Kentucky and Southern Indiana, Owensboro Health employs a team of skilled healthcare professionals, including doctors, nurses, and advanced practice registered nurses. The organization supports its healthcare teams with advanced medical equipment and state-of-the-art technology, ensuring patients receive high-quality treatments and care.
Owensboro Health actively participates in government health programs such as Medicaid, Medicare, and TRICARE, aiming to serve all individuals regardless of socioeconomic status. By providing substantial financial assistance—over $10 million in the last reporting period—it helps low-income and uninsured patients access necessary medical care. This commitment addresses critical healthcare disparities, especially in rural and economically disadvantaged areas, where access to both primary and specialty care can be limited.
The organization’s services are not just limited to emergency care; with total admissions exceeding 16,000 and emergency room visits surpassing 76,000, Owensboro Health demonstrates its integral role in supporting community health. Its mission to heal the sick and improve community health reflects a deep investment in fostering healthier populations and advancing public welfare.
This information is meant to be a general summary of Owensboro Health Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $17,971,222
- Program Service Revenue: $704,645,862
- Gross Receipts: $1,040,756,310
Assets and Liabilities:
- Total Assets: $1,736,352,747
- Total Liabilities: $848,187,239
- Net Assets: $888,165,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE/MEDICAID
Revenue
$342,251,621
PATIENT REVENUE-OTHER INS
Revenue
$311,020,622
DSH/MEDICAID/UPL
Revenue
$49,648,261
REVENUE-OASF
Revenue
$1,403,627
REVENUE-OCHN
Revenue
-$7,657
Organization Details
Founding Year
1995
Phone
(270) 417-2000Main Address
1201 Pleasant Valley Road, Owensboro, KY, 42303
Website
www.owensborohealth.orgNTEE Category
Code: E210 - Health
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