OHH Posts $2 Mln Profit in FY 2026

The Olney Hamilton Hospital District finished its 2026 fiscal year with about $2 million in net income, continuing a strong financial trend as the hospital prepares to move into its new facility later this year.

OHH Chief Operating Officer Stasha Siegart also said the hospital will soon close on the remaining $6 million in general obligation bonds needed to complete the new hospital. Voters approved a total of $33 million in general obligation bonds to build the new hospital, and $27 million has already been issued.

Board member Lonnie Rue presented the district’s fiscal year and February financial report during the hospital board’s March 27 meeting. Mr. Rue said the hospital ended the fiscal year, which closed in February, with roughly $2.4 million in net income when certain accounting items are excluded.

Net patient revenue rose by 17 percent, year over year, to $23.8 million, Mr. Rue said.

“Our operations are really strong this year,” Mr. Rue told the board. “Some of our service lines are really doing quite well.”

OHH administrator Michael Huff said several hospital departments generated strong revenue during the year. Wound care produced about $500,000 in net income, while surgical services brought in about $4.5 million. Pain management generated roughly $450,000, and sleep studies added about $100,000 to the hospital’s bottom line.

He said patient volumes are increasing, which has strengthened the hospital’s overall financial position.

“Volumes are picking up, operations are looking good, so we’re looking forward to moving into the new building strong going forward,” Mr. Huff said. “We’re very blessed that we’re in this position. Most rural hospitals trying to just keep their heads above water.”

The February financial report also showed $25,000 in operating income for the month. Mr. Rue noted that operating income reflects revenue from the hospital’s core operations and patient care, rather than outside revenue sources.

The strong fiscal year comes as construction continues on the district’s new hospital building, which officials say remains on schedule and under budget.