Trihealth Physician Enterprises Corp
- Assets
- $100.9m
- Revenue
- $384.0m
- Investments
- $0.0
- Employees
- 2,586
- Location
- Cincinnati, OH
- Founding
- 04/1993
- Data as of
- 06/2020
- EIN
- 31-1383365
Organization Overview
Trihealth Physician Enterprises Corp is located in Cincinnati, OH. The organization was established in 1993. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Trihealth Physician Enterprises Corp employed 2,586 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trihealth Physician Enterprises Corp 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, Trihealth Physician Enterprises Corp generated $384.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $554.5m during the year ending 06/2020. While expenses have increased by 8.4% 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
PROVIDES THE COMMUNITY NECESSARY MEDICAL CARE THROUGH PRIMARY CARE & SPECIALTY PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRIHEALTH PHYSICIAN ENTERPRISE CORP. ("TPEC") IS THE SOLE MEMBER OF VARIOUS PHYSICIAN GROUPS ALIGNED WITH TRIHEALTH, INC. THE MORE THAN 200 PHYSICIANS PRACTICING WITHIN THESE GROUPS BENEFIT FROM AN INTERCONNECTIVITY WITH SERVICES AND INFORMATION AT TRIHEALTH HOSPITALS AND AMBULATORY CARE CENTERS. THIS RESULTS IN MORE STREAMLINED, PATIENT-FOCUSED CARE, PROVIDED WITH AN EMPHASIS ON QUALITY AND SAFETY. THE PHYSICIAN GROUPS INCLUDE PRIMARY CARE PHYSICIANS (FAMILY PRACTICE, GENERAL PRACTICE, GYNECOLOGY, INTERNAL MEDICINE, AND PEDIATRICS) AS WELL AS SPECIALIST PHYSICIANS (ALLERGY MEDICINE, COLORECTAL SURGERY, DERMATOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, PHYSICIAL REHABILITATION, PODIATRY, OTOLARYNGOLOGY, RHEUMATOLOGY, ORTHOPEDICS).
TRIHEALTH PHYSICIAN ENTERPRISE CORP. ("TPEC") IS THE SOLE MEMBER OF VARIOUS PHYSICIAN GROUPS ALIGNED WITH TRIHEALTH, INC. THE MORE THAN 200 PHYSICIANS PRACTICING WITHIN THESE GROUPS BENEFIT FROM AN INTERCONNECTIVITY WITH SERVICES AND INFORMATION AT TRIHEALTH HOSPITALS AND AMBULATORY CARE CENTERS. THIS RESULTS IN MORE STREAMLINED, PATIENT-FOCUSED CARE, PROVIDED WITH AN EMPHASIS ON QUALITY AND SAFETY. THE PHYSICIAN GROUPS INCLUDE PRIMARY CARE PHYSICIANS (FAMILY PRACTICE, GENERAL PRACTICE, GYNECOLOGY, INTERNAL MEDICINE, AND PEDIATRICS) AS WELL AS SPECIALIST PHYSICIANS (ALLERGY MEDICINE, COLORECTAL SURGERY, DERMATOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, PHYSICIAL REHABILITATION, PODIATRY, OTOLARYNGOLOGY, RHEUMATOLOGY, ORTHOPEDICS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Taylor MD Physician | 60 | $1,310,326 | |
Andrew Islam MD Physician | 60 | $1,239,276 | |
Louis Thibodeaux MD Physician | 60 | $1,204,838 | |
Jonathan Borden MD Physician | 60 | $1,201,272 | |
Jonathan O'keefe MD Physician | 60 | $1,189,043 | |
Kathryn O'keefe MD Physician | 60 | $1,178,857 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyur Staffing Services Medical Staffing | 6/29/21 | $781,400 |
Prolink Healthcare Llc Medical Staffing | 6/29/21 | $636,351 |
Qcp Management Services Practice Management | 6/29/21 | $510,000 |
Augmedixinc Remote Transcription | 6/29/21 | $576,794 |
Vmg Health Consulting | 6/29/21 | $495,150 |
Hyur Staffing Services Medical Staffing | 6/29/21 | $781,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,159 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,065 |
| Net Gain/Loss on Asset Sales | $1,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,030,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $352,027,742 |
| Pension plan accruals and contributions | $13,926,286 |
| Other employee benefits | $27,016,371 |
| Payroll taxes | $16,615,408 |
| Fees for services: Management | $4,182 |
| Fees for services: Legal | $334,862 |
| 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 | $29,469,251 |
| Advertising and promotion | $90,034 |
| Office expenses | $2,582,689 |
| Information technology | $9,139,146 |
| Royalties | $0 |
| Occupancy | $28,689,653 |
| Travel | $570,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $700,571 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,774,452 |
| Insurance | $6,971,241 |
| All other expenses | $0 |
| Total functional expenses | $554,488,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,373,787 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,357,534 |
| Inventories for sale or use | $1,019,859 |
| Prepaid expenses and deferred charges | $342,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,985,484 |
| Other assets | $22,355,451 |
| Total assets | $100,864,979 |
| Accounts payable and accrued expenses | $62,859,213 |
| Grants payable | $0 |
| Deferred revenue | $1,422,400 |
| 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 | $24,117,611 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,399,224 |
| 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 | $12,465,755 |
Grants Awarded
Over the last fiscal year, Trihealth Physician Enterprises Corp has awarded $121,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: SPONSORSHIP | $51,250 |
Cincinnati, OH PURPOSE: SPONSORSHIP | $40,000 |
San Francisco, CA PURPOSE: GENERAL PURPOSE | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Trihealth Physician Enterprises Corp has recieved totaling $4,125,902.
| Awarding Organization | Amount |
|---|---|
The Good Samaritan Hospital Of Cincinnati Ohio Dtd 01251995 Cincinnati, OH PURPOSE: FUNDING OF FACULTY MEDICAL CENTER ON CAMPUS OF GOOD SAM HOSPITAL | $3,599,375 |
Bethesda Inc Cincinnati, OH PURPOSE: TO SUPPORT VARIOUS HEALTH INNOVATION PROGRAMS. | $413,279 |
Good Samaritan Hospital Foundation Of Cincinnati Cincinnati, OH PURPOSE: GENERAL SUPPORT | $113,227 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trihealth Physician Enterprises Corp Cincinnati, OH | $100,864,979 | $384,030,749 |
Temple Faculty Practice Plan Inc Philadelphia, PA | $117,460,054 | $341,896,672 |
Hr Physician Services Huntingdon Valley, PA | $97,551,934 | $52,907,501 |
Good Samaritan Hospital Physician Services Inc Vincennes, IN | $3,015,196 | $37,072,637 |
Behavioral Health Of Cambria County Johnstown, PA | $13,438,306 | $53,814,603 |
Health Help Incorporated Richmond, KY | $35,757,243 | $45,414,007 |
Person Directed Supports Inc Whitehall, PA | $7,470,318 | $33,920,174 |
Ths Physician Partners Inc South Charleston, WV | $4,628,803 | $23,777,461 |
St Lukes Holding Company Inc Maumee, OH | $11,225,984 | $28,804,739 |
Beaumont Health Foundation Southfield, MI | $229,491,444 | $33,188,557 |
South Bend Medical Foundation Inc South Bend, IN | $52,568,816 | $21,231,180 |
Lake Health-University Hospitals Seidman Cancer Ctr Physicians Inc Shaker Heights, OH | $2,908,602 | $19,851,362 |