KentuckyOne Health Shows Improved Financial Strength in Fiscal Year 2015 - Archived

FOR IMMEDIATE RELEASE

For More Information:
Barbara Mackovic                   
502.587.4230 or 502.641.5461               
[email protected]       

David McArthur
502.587.4230 or 502.648.3411
[email protected]

KentuckyOne Health Shows Improved Financial Strength in Fiscal Year 2015

LOUISVILLE, Ky. (October 15, 2015) – KentuckyOne Health, the largest health system in Kentucky, reported system wide financial improvement of more than $142 million in the 2015 fiscal year (FY2015). The positive financial performance was achieved through increased patient volume and enhanced operating performance.

“I am extremely proud of the financial progress this organization has achieved,” said Ruth W. Brinkley, president and CEO of KentuckyOne Health. “We set high goals for ourselves to improve our financial position so that we can invest in the health of communities across the Commonwealth. Each of the approximately 13,000 individuals who make up the organization contributes to our success every day and makes a difference in the lives of people across Kentucky.”

In addition to the $142 million financial improvement, KentuckyOne Health achieved improvements in FY2015 implementing an innovative primary care and access strategy, including five new ambulatory sites and 108 new providers, a virtual primary care program (Anywhere Care) and a retail partnership with Walgreens.

Financial strength and stability enables KentuckyOne Health to deliver on the organization’s vision and values and make investments in talent and delivery of care in local communities across Kentucky. Specific areas of investment include:

• We Are One Nurse Campaign – As the nation faces a shortage of nurses, KentuckyOne Health recently launched We Are One, a campaign focused on retention and recruitment of caregivers, particularly nurses. The program features strong financial incentives to support nurses who invest in a career at KentuckyOne Health, along with sign-on bonuses and tuition reimbursement opportunities for Staff RNs joining the organization.
• Employee Compensation Changes – A multi-year compensation strategy is underway to ensure competitive benefits for all KentuckyOne Health employees. Every accomplishment and success is built on the system’s employees and physicians and KentuckyOne Health is focused on recognizing, rewarding and supporting these individuals.
•Mission-Driven Community Outreach – KentuckyOne Health has a legacy of outreach and engagement to support local communities. Notable recent program expansions include mental health outreach to schools in Bullitt County, statewide expansion of our mobile health screening programs and extension of innovative cancer care through the James Graham Brown Cancer Center at Medical Center Jewish Northeast.

“KentuckyOne Health is focused on delivering on our vision for Kentucky; to bring wellness, healing and hope to all, including the underserved,” added Brinkley. “Our continued financial strength enables our investment and execution on a statewide strategy in the health of the Commonwealth.”

About KentuckyOne Health
KentuckyOne Health, the largest and most comprehensive health system in the Commonwealth, has more than 200 locations including, hospitals, physician groups, clinics, primary care centers, specialty institutes and home health agencies in Kentucky and southern Indiana. KentuckyOne Health is dedicated to bringing wellness, healing and hope to all, including the underserved. The system is made up of the former Jewish Hospital & St. Mary’s HealthCare and Saint Joseph Health System, along with the University of Louisville Hospital and James Graham Brown Cancer Center. KentuckyOne Health is proud of and strengthened by its Catholic, Jewish and academic heritages.