Foundation Disburses 1 Million Health System Provides Nearly 43 Million in Community Benefit
The OLBH Foundation has released its 2018 annual report and reveals that the foundation disbursed $1,147,391 during a 16-month period ending Dec. 31, 2018. During the same period, OLBH and the Ashland market of Bon Secours Mercy Health provided $42,987,000 in community benefit.
As of January 1, the OLBH Foundation moved to operating on a calendar year. As a result of this change from a fiscal year, the 2018 OLBH Foundation Annual Report documents the 16 month-period of September 2017 through December 2018. The report is available by clicking here and details how the disbursed funding was spent to better OLBH and Tri-State community. The $42,987,000 in community benefit reflects both charity care provided, loss when rendering Medicaid services and the costs of screenings, contributions and other community-building activities.For more information, call the OLBH Foundation at (606) 833-3655.