CFO Mike Browning: Helping Madison County Hospital Find Profitability
Madison County Hospital in London, Ohio, since the fall of 2007, and MCH CEO Fred Kolb believes Mr. Browning has instituted a profitable business model at the hospital in a time of economic instability.
The local Columbus Business First publication agreed with Mr. Kolb last fall, recognizing Mr. Browning as an honorable mention in the Columbus Business First CFO of the Year Awards.
In 2008, MCH recorded a net loss of $1.9 million, but in 2010, that deficit turned into a net income of $506,000. Mr. Browning has also led the hospital's charge to boost its cash and investments from $4.3 million in 2007 to $6.6 million in the middle of 2011.
Before joining MCH, Mr. Browning served as CFO and associate executive director for The Ohio State University Wexner Medical Center's Primary Care Network in Columbus.
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