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CFO recognized by Columbus Business First
September 22, 2011
Mike Browning, Chief Financial Officer at Madison County Hospital, was recently awarded honorable mention by Columbus Business First at their annual CFO of the Year recognition luncheon.
"I am proud to be able to represent Madison County Hospital," said Browning. "This award not only recognizes me, but the leadership of the hospital for their work in supporting and strengthening our organization."
Browning was nominated for the award by CEO Fred Kolb for his in help bringing financial stability to the hospital. Since starting at MCH in the fall of 2007, Mike has been able to create a profitable business model during a time of economic instability.
"Mike is a strategic thinker and a focused, driven individual," said Fred. "He brings both skill and expertise gained from working in a variety of healthcare environments to the challenges we face. He has earned the respect of leaders from within the hospital as well as our partner financial institutions."
During the awards presentation, Business First officials noted that Browning helped take Madison County Hospital from a net loss of $1.9 million in 2008 to a net income of $506,000 in 2010. He also beefed up the hospital’s cash and investments, from $4.3 million at the end of 2007 to $6.6 million in mid-2011, a 54 percent increase.
CFO of the Year Judge Kerrii Anderson, former CEO and CFO of Wendy’s International noted, “Browning was really involved in the hospital’s turnaround, taking a loss and turning it into a positive. He also had to outsource some functions, and that’s always difficult to do.”
Each year, Columbus Business First recognizes Chief Financial Officers in central Ohio. Of the more then 30 nominations received, Browning was one of 18 nominees chosen as finalists. In the non-profit category there was one finalist chosen as honoree, and only two honorable mentions. Browning and other winners were featured in the September 16 edition of Columbus Business First.
Browning earned his Bachelor's degree in business administration from The Ohio State University. Before joining MCH, he served as the CFO and Associate Executive Director for the Ohio State University Health System - Primary Care Network.