Baystate Medical Practices Inc

Organization Overview

Baystate Medical Practices Inc is located in Springfield, MA. The organization was established in 1986. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2023, Baystate Medical Practices Inc employed 2,366 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate Medical Practices Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2023, Baystate Medical Practices Inc generated $429.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $513.6m during the year ending 09/2023. While expenses have increased by 7.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION. BAYSTATE MEDICAL PRACTICES' VISION STATES IT WILL BE THE MULTI-SPECIALTY GROUP PRACTICE OF CHOICE, KNOWN FOR EXCEPTION SERVICE, QUALITY, VALUE AND ACADEMIC LEADERSHIP.

Describe the Organization's Program Activity:

BAYSTATE MEDICAL PRACTICES, INC. (BMP) PROVIDES PHYSICIAN SERVICES, MEDICAL EDUCATION AND RESEARCH PROGRAMS TO PEOPLE IN THE COMMUNITY WITHIN ITS GEOGRAPHIC LOCATION. BMP'S POLICY IS TO PROVIDE CARE TO ANY PATIENT IN NEED OF MEDICAL CARE, REGARDLESS OF THE PATIENT'S ABILITY TO PAY FOR SUCH CARE. DEPENDENT UPON THE PATIENT'S FINANCIAL CAPABILITY TO PAY, BMP MAY PROVIDE SUCH CARE FREE OF CHARGE OR AT AMOUNTS BELOW ITS NORMAL CHARGES. BECAUSE BMP DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. IN ADDITION TO THE CHARITY CARE PROVIDED TO PATIENTS, BMP'S PHYSICIANS PARTICIPATE IN MANY AND VARIED ONGOING COMMUNITY OUTREACH INITIATIVES IN THE AREAS OF EDUCATION, EMPLOYMENT, SAFETY AND HEALTH. FOR EXAMPLE, THE BMP PHYSICIANS IN THE DEPARTMENT OF PEDIATRICS, IN COLLABORATION WITH THE SPRINGFIELD SCHOOL DEPARTMENT, STAFF SIX SCHOOL-BASED CLINICS THAT ENHANCE SCHOOL HEALTH EDUCATION PROGRAMS, PROVIDE PROFESSIONAL DEVELOPMENT COURSES FOR TEACHERS AND ADMINISTRATORS AND ESTABLISH A SCHOOL-TO-WORK PROGRAM. BMP HAS ALSO TAKEN A LEADERSHIP ROLE IN STRENGTHENING THE HEALTH OF DISADVANTAGED CITIZENS IN SURROUNDING COMMUNITIES INCLUDING SPECIFIC FOCUS ON AIDS AND HIV AND BY PROVIDING PHYSICIAN STAFFING FOR THREE COMMUNITY-BASED HEALTH CENTERS THROUGH BAYSTATE MEDICAL CENTER.


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Board, Officers & Key Employees

Name (title)Compensation
Marion Mcgowan
Director (thru 12/31/22)/evp/coo- Bh
$3,024,136
Abraham Thomas MD
Director (thru 12/31/22)
$1,531,479
Andrew Artenstein MD
President Bmp/cpe, Cao
$1,243,342
Raymond Mccarthy
Director/svp, CFO & Treasurer Bh
$1,132,360
Nicolas Jabbour MD
Director/chair Dept. Of Surgery
$1,005,309
Aaron Kugelmass MD
Director (thru 12/31/22)/vp
$875,913

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Valley Medical Group
Physician Services
$38,928,070
Baystate Obgyn Group
Physician Services
$9,446,449
Springfield Medical Associates
Physician Services
$7,715,350
Baystate Administrative Services Inc
Management Services
$7,139,706
Baystate Medical Center
Physician Support Services
$5,747,964
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,462,677
Government grants $7,792,258
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,254,935
Total Program Service Revenue$419,752,287
Investment income $115,043
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,018
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $429,126,283

Peer Organizations

Organization NameAssets
Baystate Medical Practices Inc
Springfield, MA
$429,126,283
Mgb Pooled Holdings Llc
Somerville, MA
$272,820,546
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Cambridge, MA
$404,568,252
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$8,950,047
Montefiore Hospital Housing Section Ii Inc
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Integriscript Inc
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$4,610,171
The Center To Advance Consumer Partnership Inc
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$3,074,500
Community Econsult Network Inc
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$2,920,759
Hallmark Health Properties Inc
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$2,483,245

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