Ohio County Healthcare

What it reported doing in 2023

The mission of Ohio county is to make a difference in the lives of others by caring, serving, and educating individuals relative to their specific health needs. We believe that through these actions, the general health of Ohio county hospital is the frontline of community healthcare, providing a safety net 24 hours a day through our inpatient, outpatient and emergency services. In order to meet the changing needs of the community and improve the access to health care, we have expanded our services to include primary care and specialty physician practices. And while patients benefit from our being close by, ultimately it is the whole community that prospers from our presence. The hospital's positive impact on the community extends well beyond the four walls of the facility. Our community benefit includes not only the cost of providing care to the uninsured and indigent but also by identifying unmet community or public health needs and seeking to address them. Examples of such efforts including supplying childhood immunization vaccines to our local health department at no charge. Becoming a smoke-free facility, and offering free smoking cessation courses several times a year to all community members. Ohio county hospital was the founding member of a local health coalition whose focus is to implement preventative health activities to combat the lack of physical activity and the prevelence of obesity in our area. Whether it's through the people we employ, the local businesses we use, or the charities and community activities we support, we are committed to making the Ohio county area a healthier place to live and work. During the fiscal year 2024, the hospital provided health care services to Ohio county Kentucky and surrounding areas, including inpatient, outpatient, and emergency services. Ohio county hospital provided $179,000 of charity care through its charity care program.

Financial Efficiency

• Mission deployment rate: 85.5%; rating input score 85
• Program expense ratio: 88.1%; rating input score 88
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 78th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.5%; rating input score 49; 49th percentile among comparable filings
• Total-asset coverage ratio: 0.72; rating input score 29; 29th percentile among comparable filings
• Liabilities to assets ratio: 0.57; rating input score 31; 31st percentile among comparable filings
• Officer compensation ratio: 4%; rating input score 24; 24th percentile among comparable filings

Growth

• Program expense growth: 10.2% per year; rating input score 100; 75th percentile among comparable filings
• Revenue growth: 9.2% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings