Columbus-based OhioHealth has seen a significant growth over the last few years, and acquired its 16th hospital, Mount Gilead, Ohio-based Morrow County Hospital, on Jan. 1.
The hospital was its third acquisition over a five- to six-year timeframe, including multiple joint ventures.
“I describe OhioHealth as a growth company that does value,” Mike Browning, senior vice president and CFO of OhioHealth, said during a Becker’s CFO+Revenue Cycle Podcast episode. “Since 2019, OhioHealth has grown 70% in revenue. We’ve been able to do that not only organically, which we believe is really important to continue to grow internal business, but also doing that through acquisitions like [Morrow County Hospital].”
Mr. Browning said OhioHealth also leans on key partnerships, as needed, to help build a revenue base and improve care quality and outcomes for patients.
“We realize we’re not the best in everything, but we want to be the best, so we identify a service or an area that we can improve upon. If we cannot do it internally, we will look externally to partners.”
In February, the health system shared that it has more than $1 billion in projects underway, which include the construction of a new women’s health center to be added to Columbus-based OhioHealth Riverside Methodist Hospital.
The 1,059-bed teaching hospital aims to complete the 60,000-square foot women’s center by 2027. It will comprise labor, delivery and recovery rooms, 185 inpatient beds, OB-GYN care and new operating rooms.
“It was designed and built by women,” he said. “The architects are women, women are a key part of the design and even the construction.”
OhioHealth also plans to build a $226 million outpatient cancer center, with construction expected to begin in 2026. The system hopes to open the center for patient care in spring 2029 and will add more than 140 employees over the next 10 years to its cancer program.
“What I always like to say about not-for-profit health systems [is that] every dollar we earn stays within the system,” Mr. Browning said. “Putting money back into all facets of our business is really key. Over the next 12 or 18 to 24 months at OhioHealth, [we will] continue to grow, continue to evolve and, hopefully, continue to prosper.”
