Baptist Health Medical Group Inc is located in Louisville, KY. The organization was established in 2010. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 08/2023, Baptist Health Medical Group Inc employed 6,635 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Medical Group 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 08/2023, Baptist Health Medical Group Inc generated $800.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $962.6m during the year ending 08/2023. While expenses have increased by 8.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYS PHYSICIANS TO PROVIDE EXCELLENT MEDICAL CARE FOR INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST HEALTH MEDICAL GROUP, INC. ("BHMG") IS A PROFESSIONAL MEDICAL SERVICES COMPANY ORGANIZED AND OPERATED TO BENEFIT THE MEMBER HOSPITALS OF BAPTIST HEALTHCARE SYSTEM, INC. ("BHS"). BHMG IS A COMPREHENSIVE NETWORK OF PRIMARY AND SPECIALTY PHYSICIAN PRACTICES IN KENTUCKY AND INDIANA THAT INCLUDES APPROXIMATELY 700 PHYSICIANS AND MORE THAN 750 ADVANCED PRACTICE CLINICIANS. PROVIDERS REPRESENT MORE THAN 85 SPECIALTIES, INCLUDING PRIMARY CARE AND FAMILY MEDICINE, INTERNAL MEDICINE, OSTEOPATHIC MEDICINE, EMERGENCY MEDICINE, GENERAL SURGERY AND A WIDE RANGE OF SURGICAL SPECIALTIES OFFERING ADVANCED TREATMENTS AND CARE. DURING FISCAL YEAR 2023, BHMG HAD OVER 4,600,000 PATIENT VISITS AT 375 LOCATIONS. BHMG ALSO OPERATES URGENT CARE CENTERS, RURAL HEALTH CLINICS AND OCCUPATIONAL MEDICINE FACILITIES. THE PRIMARY CARE AND SPECIALTY CARE PHYSICIAN SERVICES SUPPORT THE HOSPITALS OPERATED BY BAPTIST HEALTHCARE SYSTEM, INC. BY STAFFING EMERGENCY DEPARTMENTS, PROVIDING HOSPITALIST SERVICES AND SURGICAL CARE SERVICES FOR PATIENTS. BHMG'S PRIMARY AND SPECIALTY CARE PHYSICIANS, URGENT CARE CENTERS, OCCUPATIONAL MEDICINE FACILITIES AND RURAL HEALTH CENTERS OFFER MORE CONVENIENT AND LESS COSTLY QUALITY CARE SERVICES TO PATIENTS AND HELP TO MAINTAIN SUFFICIENT PHYSICIAN EXPERTISE AND CAPACITY TO DELIVER EFFICIENT, APPROPRIATE AND COMPASSIONATE PATIENT CARE IN THE COMMUNITIES BHMG SERVES. OUR PHYSICIANS PLAY KEY LEADERSHIP ROLES IN DETERMINING THE DIRECTION AND DEVELOPMENT OF PATIENT SERVICES, THEY SPEARHEAD INNOVATION BY LEADING CLINICAL RESEARCH AND THEY HELP TO BRING ADVANCED TREATMENTS AND TECHNOLOGY TO OUR FACILITIES.IN ORDER TO MEET THE HEALTH AND WELLNESS NEEDS OF OUR COMMUNITIES THROUGHOUT KENTUCKY AND INDIANA, BAPTIST HEALTHCARE SYSTEM, INC. (BHS) PROVIDES GRANTS TO BAPTIST HEALTH MEDICAL GROUP, INC. (BHMG). BHS IS A NONPROFIT SECTION 501(C)(3) RELATED ENTITY AND THE SOLE MEMBER OF BHMG. THESE GRANTS ALLOW BHMG TO CONTINUE TO PROVIDE SUPPORT AND CARE FOR MEDICAID AND CHARITY CARE PATIENTS THROUGH PRIMARY CARE CENTERS, RURAL HEALTH CENTERS, URGENT CARE CENTERS AND SPECIALTY HEALTH CENTERS THAT MEET A DEMONSTRATED COMMUNITY NEED. BHS MAKES THESE GRANTS ON THE CONDITION THAT BHMG USE THE GRANT FUNDS ONLY FOR THE FOLLOWING ACTIVITIES:1. TO PROVIDE CARE FOR PATIENTS PARTICIPATING IN MEDICAID AND OTHER MEANS-TESTED GOVERNMENT HEALTH PROGRAMS, INCLUDING BUT NOT LIMITED TO THE KENTUCKY CHILDREN'S HEALTH INSURANCE (KCHIP) PROGRAM.2. TO PROVIDE CARE, FOR FREE OR AT DISCOUNTED RATES, TO LOW-INCOME PATIENTS WHO CANNOT AFFORD THE COST OF CARE.3. TO FUND THE OPERATIONS OF RURAL HEALTH CLINICS THAT PROVIDE CARE FOR THE PATIENTS DESCRIBED ABOVE.4. TO ENGAGE IN COMMUNITY ACTIVITIES AND PROGRAMS IN RESPONSE TO DEMONSTRATED COMMUNITY NEEDS TO IMPROVE COMMUNITY HEALTH, INCLUDING BUT NOT LIMITED TO HEALTH SCREENINGS; COVID TESTING; VACCINATIONS AND COMMUNITY HEALTH EDUCATION. BAPTIST HEALTHCARE SYSTEM, INC. REPORTS THE GRANTS RELATED TO THE ABOVE ACTIVITIES ON ITS RESPECTIVE IRS FORM 990, SCHEDULE H, PART I, LINE 7. IMPACT OF COVID-19:CLINICAL LEADERS FROM BAPTIST HEALTH, THE LARGEST HEALTH SYSTEM IN THE COMMONWEALTH OF KENTUCKY, PLAYED A PRINCIPAL ROLE AS ADVISORS TO THE COMMISSIONER FOR PUBLIC HEALTH, THE CABINET FOR HEALTH AND FAMILY SERVICES ("CHFS"), OFFICE OF INSPECTOR GENERAL, AND OTHER STATE AGENCIES IN RESPONSE TO THE UNPRECEDENTED NEEDS OF OUR COMMUNITY DURING THE COVID-19 PANDEMIC. IN CONJUNCTION WITH LEADERSHIP TEAMS FROM OTHER HEALTH SYSTEMS AND THE KENTUCKY HOSPITAL ASSOCIATION, BAPTIST HEALTH PLAYED A LEAD ROLE IN ADVISING AND DEVELOPING THE STATE'S COVID-19 POLICIES AND ITS GUIDELINES ON MULTIPLE MATTERS.BAPTIST HEALTH ACTED SWIFTLY AND EFFICIENTLY TO THE COVID-19 PANDEMIC BY RESPONDING TO THE NEEDS OF OUR COMMUNITIES, OUR PATIENTS AND OUR STAFF MEMBERS BY IMPLEMENTING DISASTER READINESS PROTOCOLS, SECURING CRITICAL PPE AND DISTRIBUTION NETWORKS, AND DEVELOPING SYSTEM-WIDE WAREHOUSING AND LOGISTICS PLANS. OUR QUICK PIVOT TO DIGITAL HEALTHCARE SOLUTIONS, WITH THE CREATION OF NEW PROCESSES AND PROCEDURES AND THE ENHANCEMENT OF EXISTING SERVICES, ALLOWED US TO PROVIDE HEALTHCARE SERVICES FOR PATIENTS TO ADDRESS THEIR IMMEDIATE MEDICAL NEEDS, ALL WHILE ENSURING THE SAFETY OF THE PATIENTS, STAFF AND PHYSICIANS. VIDEO TELECONFERENCING SERVICES PROVED TO BE A VALUABLE TOOL AS IT BECAME A LIFELINE FOR OUR BEHAVIORAL HEALTH PATIENTS. IN JUST A FEW MONTHS, WE ADVANCED DIGITAL HEALTH SERVICES BY YEARS AND HAVE SEEN OUR PATIENTS EMBRACE THIS CHANGE. WE MADE ACCESS TO HEALTHCARE MORE CONVENIENT AND MORE READILY AVAILABLE, AND EASED OUR PATIENTS AND THEIR CARETAKERS' CONCERNS ABOUT EXPOSURE TO COVID-19. BECAUSE OF THESE INNOVATIONS, WE WILL BE ABLE TO CONTINUE TO UTILIZE AND ENHANCE DIGITAL SOLUTIONS WELL IN TO THE FUTURE. NAVIGATING THE COVID-19 PANDEMIC HAS ACCELERATED THE GROWTH AND DEVELOPMENT OF INNOVATIONS IN THE DELIVERY OF HEALTHCARE SERVICES THAT WILL POSITIVELY AFFECT HOW CARE IS PROVIDED IN THE FUTURE. BAPTIST HEALTH MEDICAL GROUP CONTINUOUSLY MONITORS COVID-19 HEALTH DATA, STATISTICS, TRENDS, CLINICAL INFORMATION AND RESEARCH IN ORDER TO REEVALUATE AND REASSESS CURRENT POLICIES AND PROCEDURES SO THAT WE CAN MAINTAIN THE HIGHEST SAFETY STANDARDS AND PROVIDE PEAK LEVELS OF CARE TO OUR PATIENTS.BAPTIST HEALTH CONTINUES TO MAKE A CONCERTED EFFORT TO SUPPORT OUR COMMUNITIES BY PROVIDING FREQUENT EDUCATION AND ASSISTANCE TO COMMUNITY MEMBERS AND LOCAL BUSINESSES WHO HAVE QUESTIONS REGARDING OPERATING IN A COVID-19 ENVIRONMENT. TELEHEALTH AND TELEMEDICINE CONTINUE TO BE UTILIZED EFFECTIVELY TO BETTER PROTECT PATIENTS AND IMPROVE PATIENT EXPERIENCE, AND HIGH QUALITY PPE INVENTORIES ARE CLOSELY MONITORED TO ENSURE THE SAFETY OF PATIENTS AND STAFF.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Claude A Foreit Director | Trustee | 1 | $0 |
Frank R Purdy III Chair (effective 4/12/23) & Director | OfficerTrustee | 1 | $0 |
Janet Berry Director (through 12/31/22) | Trustee | 1 | $0 |
Linda Hopgood Director (through 12/31/22) | Trustee | 1 | $0 |
Rob Schreiner MD Director | Trustee | 1 | $0 |
Robert L Hook Jr Chair & Director (through 12/31/22) | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $188,487,798 |
Government grants | $485,476 |
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 | $188,973,274 |
Total Program Service Revenue | $600,790,024 |
Investment income | $156,888 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$605,473 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $800,561,133 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $685,104,700 |
Pension plan accruals and contributions | $16,247,046 |
Other employee benefits | $56,802,598 |
Payroll taxes | $35,217,020 |
Fees for services: Management | $0 |
Fees for services: Legal | $603,570 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $865,792 |
Advertising and promotion | $165,915 |
Office expenses | $13,586,477 |
Information technology | $1,112,005 |
Royalties | $0 |
Occupancy | $35,183,874 |
Travel | $3,214,213 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,149,007 |
Insurance | $18,876,911 |
All other expenses | $247,178 |
Total functional expenses | $962,632,415 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $43,649 |
Savings and temporary cash investments | $35,417 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $57,274,097 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $2,124,146 |
Net Land, buildings, and equipment | $33,165,173 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $3,486,409 |
Other assets | $147,542,882 |
Total assets | $243,671,773 |
Accounts payable and accrued expenses | $97,118,019 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $78,033,104 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $175,151,123 |
Net assets without donor restrictions | $68,520,650 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $243,671,773 |