Indiana Healthcare Physician Services Inc
- Assets
- $5.4m
- Revenue
- $29.7m
- Investments
- $0.0
- Employees
- 295
- Location
- Indiana, PA
- Founding
- 02/2000
- Data as of
- 06/2020
- EIN
- 25-1842046
Organization Overview
Indiana Healthcare Physician Services Inc, operating under the name Irmc Physician Group, is located in Indiana, PA. The organization was established in 2000. 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 06/2021, Irmc Physician Group employed 295 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Irmc Physician Group 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 06/2020, Irmc Physician Group generated $29.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $38.7m during the year ending 06/2020. While expenses have increased by 10.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREVENTATIVE HEALTH SERVICES, GENERAL/OTHER:INDIANA HEALTHCARE PHYSICIAN SERVICES, INC. ("IHPS") IS A NON-PROFIT HOSPITAL OWNED GROUP OF PRACTICES OWNED AND OPERATED TO SERVE THE RURAL AREAS OF INDIANA AND SURROUNDING COMMUNITIES. ITS MISSION IS TO SUPPORT THE MISSIONS AND VALUES OF INDIANA REGIONAL MEDICAL CENTER IN PROVIDING HEALTH CARE AND EDUCATIONAL SERVICES TO ALL WHO SEEK HEALTHCARE WITHOUT DISCRIMINATION. WE PROVIDE ACCESSIBLE, COST EFFECTIVE QUALITY HEALTHCARE WITHIN THE RURAL COMMUNITIES OF INDIANA AND SURROUNDING COUNTIES. CHARITY CARE PROVIDED DURING THE FISCAL YEAR ENDED JUNE 30, 2021 WAS $188,700. CONTINUED ON SCHEDULE O.OWNERSHIP OF PHYSICIAN OFFICES - IHPS FOCUSES ON REBUILDING THE REVENUE CYCLE AND COST STRUCTURE OF PHYSICIAN OFFICES WITHIN THE COMMUNITY. IHPS ALSO FOCUSES ON RECRUITING PHYSICIANS THAT OFFER A NEW OR NEEDED SERVICE WITHIN THE COMMUNITY.WE SUPPORT AND WORK COLLABORATIVELY WITH OTHER NON-PROFIT AGENCIES WITHIN OUR COMMUNITY AND SURROUNDING COUNTIES. SOME OF THE COLLABORATIONS ARE LISTED BELOW, BUT ARE NOT LIMITED TO:- (MOMS) MATERNAL OPIOID MEDICATION SUPPORT AND MEDICATION ASSISTED TREATMENT CLINIC- CARE FOR PREGNANT MOTHERS AND INDIVIDUALS IMPACTED BY SUBSTANCE USE DISORDER. -ACCESS TO OUTPATIENT MENTAL HEALTH CARE-PRIMARY CARE SOCIAL WORK SERVICES TO ADDRESS SOCIAL DETERMINANTS OF HEALTH AND COORDINATE PATIENT CARE FOR CHRONIC ILLNESS. - ACCESS TO HEALTH CARE FOR INDIVIDUALS AND FAMILIES BASED ON INCOME THROUGH THE IRMC FINANCIAL AID PROGRAM.-AMERICORPS/PA MOUNTAIN SERVICE CORPS HOST SITE.-INTERNSHIP HOST SITE FOR STUDENTS PURSUING HEALTH RELATED DEGREES. -SATELLITE PRIMARY CARE LOCATIONS TO ENABLE RURAL HEALTH ACCESS.-IHPS STAFF ARE ACTIVE MEMBERS ON LOCAL TASKFORCES AND COMMUNITY BOARDS WORKING TO IMPROVE COMMUNITY HEALTH OUTCOMES.- SPEAKING ENGAGEMENTS AND COMMUNITY PROGRAMS RELATED TO HEALTH ISSUES OR WELLNESS TO ANY AND ALL COMMUNITY GROUPS, CHURCHES, AND OR OTHER NON-PROFIT ORGANIZATIONS. ACTIVE PARTICIPATION IN HEALTH PROGRAMS WITHIN THE SCHOOLS. - FREE PARKING FOR PATIENTS AND EMPLOYEES.- HEALTH SCREENING PARTICIPATION WITH LOCAL AGENCIES AND NON-PROFIT FUNDRAISING EVENTS WITHIN THE COMMUNITY.- STAFF PARTICIPATES IN THE UNITED WAY CAMPAIGN.- EMPLOYEE/TIMESHARE SERVICES - IHPS FOCUSES ON PROVIDING QUALITY WELL-TRAINED SUPPORT STAFF TO MULTIPLE INDEPENDENT PHYSICIANS WITHIN THE COMMUNITY.- PHYSICIAN BILLING SERVICES - IHPS FOCUSES ON PROVIDING QUALITY BILLING SERVICES THAT MAXIMIZES REIMBURSEMENT TO MULTIPLE INDEPENDENT PHYSCIANS WITHIN THE COMMUNITY.
PREVENTATIVE HEALTH SERVICES, GENERAL/OTHER:INDIANA HEALTHCARE PHYSICIAN SERVICES, INC. ("IHPS") IS A NON-PROFIT HOSPITAL OWNED GROUP OF PRACTICES OWNED AND OPERATED TO SERVE THE RURAL AREAS OF INDIANA AND SURROUNDING COMMUNITIES. ITS MISSION IS TO SUPPORT THE MISSIONS AND VALUES OF INDIANA REGIONAL MEDICAL CENTER IN PROVIDING HEALTH CARE AND EDUCATIONAL SERVICES TO ALL WHO SEEK HEALTHCARE WITHOUT DISCRIMINATION. WE PROVIDE ACCESSIBLE, COST EFFECTIVE QUALITY HEALTHCARE WITHIN THE RURAL COMMUNITIES OF INDIANA AND SURROUNDING COUNTIES. CHARITY CARE PROVIDED DURING THE FISCAL YEAR ENDED JUNE 30, 2021 WAS $188,700. CONTINUED ON SCHEDULE O.OWNERSHIP OF PHYSICIAN OFFICES - IHPS FOCUSES ON REBUILDING THE REVENUE CYCLE AND COST STRUCTURE OF PHYSICIAN OFFICES WITHIN THE COMMUNITY. IHPS ALSO FOCUSES ON RECRUITING PHYSICIANS THAT OFFER A NEW OR NEEDED SERVICE WITHIN THE COMMUNITY.WE SUPPORT AND WORK COLLABORATIVELY WITH OTHER NON-PROFIT AGENCIES WITHIN OUR COMMUNITY AND SURROUNDING COUNTIES. SOME OF THE COLLABORATIONS ARE LISTED BELOW, BUT ARE NOT LIMITED TO:- (MOMS) MATERNAL OPIOID MEDICATION SUPPORT AND MEDICATION ASSISTED TREATMENT CLINIC- CARE FOR PREGNANT MOTHERS AND INDIVIDUALS IMPACTED BY SUBSTANCE USE DISORDER. -ACCESS TO OUTPATIENT MENTAL HEALTH CARE-PRIMARY CARE SOCIAL WORK SERVICES TO ADDRESS SOCIAL DETERMINANTS OF HEALTH AND COORDINATE PATIENT CARE FOR CHRONIC ILLNESS. - ACCESS TO HEALTH CARE FOR INDIVIDUALS AND FAMILIES BASED ON INCOME THROUGH THE IRMC FINANCIAL AID PROGRAM.-AMERICORPS/PA MOUNTAIN SERVICE CORPS HOST SITE.-INTERNSHIP HOST SITE FOR STUDENTS PURSUING HEALTH RELATED DEGREES. -SATELLITE PRIMARY CARE LOCATIONS TO ENABLE RURAL HEALTH ACCESS.-IHPS STAFF ARE ACTIVE MEMBERS ON LOCAL TASKFORCES AND COMMUNITY BOARDS WORKING TO IMPROVE COMMUNITY HEALTH OUTCOMES.- SPEAKING ENGAGEMENTS AND COMMUNITY PROGRAMS RELATED TO HEALTH ISSUES OR WELLNESS TO ANY AND ALL COMMUNITY GROUPS, CHURCHES, AND OR OTHER NON-PROFIT ORGANIZATIONS. ACTIVE PARTICIPATION IN HEALTH PROGRAMS WITHIN THE SCHOOLS. - FREE PARKING FOR PATIENTS AND EMPLOYEES.- HEALTH SCREENING PARTICIPATION WITH LOCAL AGENCIES AND NON-PROFIT FUNDRAISING EVENTS WITHIN THE COMMUNITY.- STAFF PARTICIPATES IN THE UNITED WAY CAMPAIGN.- EMPLOYEE/TIMESHARE SERVICES - IHPS FOCUSES ON PROVIDING QUALITY WELL-TRAINED SUPPORT STAFF TO MULTIPLE INDEPENDENT PHYSICIANS WITHIN THE COMMUNITY.- PHYSICIAN BILLING SERVICES - IHPS FOCUSES ON PROVIDING QUALITY BILLING SERVICES THAT MAXIMIZES REIMBURSEMENT TO MULTIPLE INDEPENDENT PHYSCIANS WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Nihar Ghate Physician | 40 | $613,880 | |
Dr Gregory Lynch Physician | 40 | $550,802 | |
Dr Jonathan Scholl Physician | 40 | $548,817 | |
Dr Joseph Buzogany Physician | 40 | $547,242 | |
Dr Leonard Maliver Physician | 40 | $541,161 | |
Edward Mcdowell MD Chairman, Network Operations | OfficerTrustee | 40 | $341,251 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mathew Klain Mc Pc Primary Care Services | 6/29/20 | $337,432 |
Mckesson Medical-surgical Medical Services | 6/29/20 | $283,988 |
Greenway Health It Services | 6/29/20 | $203,868 |
Center For Orthopaedics & Sports Medicin Medical Services | 6/29/20 | $152,315 |
Mckesson Medical-surgical Medical Services | 6/29/20 | $283,988 |
Mathew Klain Mc Pc Primary Care Services | 6/29/20 | $337,432 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,664 |
| Investment income | $1,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,710,547 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $9,580,704 |
| Pension plan accruals and contributions | $487,906 |
| Other employee benefits | $2,555,898 |
| Payroll taxes | $1,293,382 |
| Fees for services: Management | $50,004 |
| Fees for services: Legal | $0 |
| 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 | $18,554,791 |
| Advertising and promotion | $1,340 |
| Office expenses | $228,355 |
| Information technology | $338,758 |
| Royalties | $0 |
| Occupancy | $1,737,827 |
| Travel | $43,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,731 |
| Insurance | $877,409 |
| All other expenses | $0 |
| Total functional expenses | $38,659,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,273 |
| Savings and temporary cash investments | $2,783,401 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,254,343 |
| 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 | $69,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,430,202 |
| Accounts payable and accrued expenses | $1,434,382 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $2,736,500 |
| Other liabilities | $621,902 |
| Total liabilities | $4,792,784 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $637,418 |
Endowment Analysis
| Beg. Balance | $5,685 |
| Other Expense | $5,685 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners Physician Group Independence, OH | $14,796,908 | $75,708,138 |
Pediatric Physicians Services Inc Baltimore, MD | $9,051,384 | $104,702,808 |
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
Frederick Health Medical Group Llc Frederick, MD | $25,584,881 | $69,646,523 |
Beebe Physican Network Inc Lewes, DE | $13,499,418 | $49,763,714 |
Carnegie Cardiovascular Pc Westbury, NY | $1,096,228 | $75,454,558 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |
Trinity Medical Wny Pc Buffalo, NY | $24,179,434 | $52,294,640 |
Maryland Family Care Inc Baltimore, MD | $19,893,150 | $66,378,541 |
Jfk Medical Associates Pa Edison, NJ | $9,222,592 | $65,526,016 |
Crouse Medical Practice Pllc Syracuse, NY | $6,246,472 | $39,486,299 |
Princeton Healthcare Affiliated Physicians Pc Plainsboro, NJ | $4,748,844 | $53,586,457 |