Owensboro, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Owensboro Health Inc, founded in 1995, is a major nonprofit in the Health Care sector that reported $888.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $150.1M, a strong 17% operating margin.
OWENSBORO HEALTH, INC. EXISTS TO HEAL THE SICK AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
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...
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, 2025, OHRH AND OHMCH HAD TOTAL ADMISSIONS OF 16,924, PATIENT DAYS OF 88,897 AND TOTAL ER VISITS OF 76,358. 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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $888,669,741 | $822,447,186 | +0.1% |
| Expenses | $738,597,649 | $692,038,189 | +0.1% |
| Net Income | $150,072,092 | $130,408,997 | +0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVE ROBERTS | BOARD VICE-CHAIRPERSON | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| GAVIN ROBERTS | BOARD CHAIRPERSON | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| SUSANNE HARRIS | BOARD SECRETARY | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREA MOORE WETHINGTON MD | BOARD MEMBER | 3.0 |
Director
|
$0 | $18,977 | $594,107 |
| ANTHONY MCBRIDE MD | BOARD MEMBER | 3.0 |
Director
|
$0 | $36,089 | $867,795 |
| CANDANCE CASTLEN BRAKE | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| CHRIS GADDIS | BOARD MEMBER (EFFECTIVE 1/7/24) | 3.0 |
Director
|
$0 | $0 | $0 |
| CHRIS LOVE | BOARD MEMBER (TERMED 10/31/2024) | 3.0 |
Director
|
$0 | $0 | $0 |
| DHIREN HARIA MD | BOARD MEMBER (EFFECTIVE 11/25/24) | 3.0 |
Director
|
$0 | $0 | $0 |
| JASON MILLS MD | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| LANIE GARDNER | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| LAURA CHAPMAN | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL SCHERM MD | BOARD MEMBER (EFFECTIVE 10/31/24) | 3.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL YEISER MD | BOARD MEMBER (TERMED 10/31/2024) | 3.0 |
Director
|
$0 | $0 | $0 |
| NATHAN BERRY | BOARD MEMBER (TERMED 11/7/2024) | 3.0 |
Director
|
$0 | $0 | $0 |
| NICK HETMAN | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| PHIL RINEY | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| TISH CORREA OSBORNE | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| TOM LILLY | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| MARK MARSH | PRESIDENT AND CEO | 38.0 |
Officer
|
$1,331,050 | $63,070 | $1,394,120 |
| RUSSELL S RANALLO | CHIEF FINANCIAL OFFICER | 38.0 |
Officer
|
$609,034 | $95,325 | $704,359 |
| ASHLEY HERRINGTON | CEO - OHTLMC | 5.0 |
Key Emp
|
$0 | $50,802 | $420,885 |
| BETH R STEELE | CHIEF OPERATING OFFICER-OHRH | 40.0 |
Key Emp
|
$606,337 | $57,079 | $663,416 |
| BILL J BRYANT MD | VP QUALITY AND PATIENT SAFETY | 40.0 |
Key Emp
|
$597,794 | $43,514 | $641,308 |
| CATHERINE CLEMONS | VP OF OPERATIONS - OHTLMC | 5.0 |
Key Emp
|
$0 | $23,502 | $256,421 |
| CATHY STEWART | VP PATIENT CARE SVCS AND CNO - OHTLMC | 5.0 |
Key Emp
|
$0 | $80,714 | $323,804 |
| CHRISTOPHER SALE | VP OF OPERATIONS | 40.0 |
Key Emp
|
$297,316 | $46,045 | $343,361 |
| EDWARD L HEATH JR | CEO - OHMCH | 45.0 |
Key Emp
|
$453,656 | $110,313 | $563,969 |
| ERNEST E BEGLEY II | CHIEF LEGAL OFFICER | 40.0 |
Key Emp
|
$644,674 | $112,391 | $757,065 |
| FRANCIS J DUFRAYNE MD | CHIEF MEDICAL OFFICER | 40.0 |
Key Emp
|
$900,892 | $16,138 | $917,030 |
| GARY CLARK | VP ANALYTICS | 40.0 |
Key Emp
|
$285,854 | $35,735 | $321,589 |
| JAMES E TIDWELL III MD | VP POPULATION HEALTH SERVICES | 40.0 |
Key Emp
|
$532,847 | $57,258 | $590,105 |
| JOAN M SIMS | VP PATIENT CARE SVCS AND CNO - OHRH | 40.0 |
Key Emp
|
$317,222 | $69,151 | $386,373 |
| KATHLEEN MYER | VP PATIENT CARE SERVICES AND CNO-OHMCH | 45.0 |
Key Emp
|
$317,023 | $34,142 | $351,165 |
| MACK HOWELL | COO - OHMG | 5.0 |
Key Emp
|
$0 | $53,608 | $520,640 |
| MIA M SUTER | CHIEF ADMINISTRATIVE OFFICER | 40.0 |
Key Emp
|
$700,613 | $91,471 | $792,084 |
| MICHAEL B KELLEY | VP MEDICAL AFFAIRS, OHRH (TERMED 01/02/25) | 40.0 |
Key Emp
|
$558,277 | $55,132 | $613,409 |
| PHILIP E SMITH | CHIEF BUSINESS DEVELOPMENT OFFICER | 40.0 |
Key Emp
|
$485,821 | $47,554 | $533,375 |
| RAMONA C HIENEMAN | VP ASSOCIATE GENERAL COUNSEL | 40.0 |
Key Emp
|
$296,935 | $26,565 | $323,500 |
| RUBY J JACILDO | SVP ACCOUNTING AND CONTROLLER | 40.0 |
Key Emp
|
$356,155 | $96,251 | $452,406 |
| EDWINA STAFFORD | NURSING SUPERVISOR - OHMCH | 50.0 |
Highest
|
$229,882 | $32,968 | $262,850 |
| JASON B COLLINS | EXECUTIVE DIRECTOR OF PHARMACY | 40.0 |
Highest
|
$239,489 | $28,356 | $267,845 |
| JOE TAYLOR | EXECUTIVE DIRECTOR OF FACILITIES | 40.0 |
Highest
|
$211,931 | $68,025 | $279,956 |
| JOHN WALKER | EXECUTIVE DIRECTOR OF MATERIALS MANAGEMENT | 40.0 |
Highest
|
$213,690 | $52,051 | $265,741 |
| TERESA A RASCOE | EXECUTIVE DIRECTOR OF HUMAN RESOURCES | 40.0 |
Highest
|
$233,311 | $64,917 | $298,228 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $888,669,741 | $738,597,649 | $2,841,051,978 | $150,072,092 |
| 2024 | $822,447,186 | $692,038,189 | $2,454,793,215 | $130,408,997 |
| 2023 | $781,700,525 | $681,442,951 | $2,035,494,750 | $100,257,574 |
| 2022 | $743,805,012 | $635,110,946 | $1,736,352,747 | $108,694,066 |
| 2021 | $709,904,993 | $559,560,339 | $1,685,340,581 | $150,344,654 |
| 2020 | $640,081,683 | $566,578,548 | $1,531,261,789 | $73,503,135 |
| 2019 | $619,878,640 | $542,317,067 | $1,369,224,739 | $77,561,573 |
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