WHEELING - Ohio Valley Health Services & Education Corporation, parent company of Ohio Valley Medical Center and East Ohio Regional Hospital, has received national recognition as an award-winning healthcare system from Amerinet, a leading healthcare group purchasing organization, as part of the company's fourth annual Healthcare Achievement Awards. Out of nearly 5,000 healthcare facilities across the country, OVHS&E was one of three hospitals nationwide to receive this year's Amerinet Healthcare Achievement Award in the category of Financial and Operational Improvement.
"What an honor it is to be recognized on a national stage for the turnaround that our administrative team, physicians, and employees have worked so hard to accomplish," said Michael J. Caruso, president and chief executive officer of OVHS&E. "In 2010, our hospital organization was faced with major struggles moving forward in the world of healthcare, and our team of providers and staff banded together to continue providing great quality care to our patients in the Ohio Valley. We couldn't be more proud of them."
In 2010, the OVHS&E Board of Directors, management, and staff members identified major areas of improvement for the organization while laying the groundwork for the organization's financial turnaround. In 2011, the hospital system earned profits of $6 million - a $16 million financial turnaround from the prior year and the largest profit margin the hospital organization has seen in over a decade. To date in 2012, the hospital system has continued to improve its operations with a year-to-date profit of $2.7 million.
"Throughout this journey, we are most proud of the commitment our physicians, employees, and staff have made to continue our organization's mission of providing quality, compassionate, and state-of-the-art family-centered health care to the communities we serve across the Ohio Valley," said Caruso. "As one of the top employers in the Ohio Valley, we are honored to work with over 1,600 of the most loyal and dedicated employees we have ever seen. Without the determination of our employees and our medical staff, this turnaround would not have been possible."
While financial ratios, patient satisfaction scores, and overall patient volumes in various areas of the hospital continue to increase, the success of the hospitals' parent company comes with the hard work of many groups across the Ohio Valley in an effort to ensure the organization's success.
"This process has been successful largely in part to the support of community physicians, our employees, and the vendors we work with each and every day," said Lisa Simon, chief financial officer of OVHS&E. "We are extremely grateful for the encouragement we have continued to receive from our employees and select services providers. For years, hospitals across the United States have faced financial struggles and the challenges continue with the future of health care reform, but this award truly recognizes the hard work of our team, marking a new beginning for the organization and a brighter financial future for OVMC and East Ohio Regional Hospital."
Ohio Valley Medical Center, located in Wheeling, and East Ohio Regional Hospital, located in Martins Ferry, are a 340-bed combined organization with over 1,600 employees providing the area's only comprehensive behavioral and mental health services and board certified emergency services on both sides of the Ohio River.