Beacon Medical Group Inc

Organization Overview

Beacon Medical Group Inc is located in South Bend, IN. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Beacon Medical Group Inc employed 1,801 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon 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 12/2020, Beacon Medical Group Inc generated $141.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $237.0m during the year ending 12/2020. While expenses have increased by 4.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH, AND CONNECT WITH HEART

Describe the Organization's Program Activity:

Part 3 - Line 4a

BEACON MEDICAL GROUP, INC. (BMG) OPERATES A MULTI-SPECIALTY CARE NETWORK OF PHYSICIANS AND ALSO INCLUDES THE MED-POINT IMMEDIATE CARE CENTERS. IN ADDITION TO THE PHYSICIAN PRACTICES, BMG OPERATES A HIGH COMPLEXITY CORE LABORATORY FOR THE SUPPORT OF ITS EMPLOYED PHYSICIANS. BMG ALSO OPERATES MED-POINT URGENT CARE CENTERS TO SUPPLEMENT THE SERVICES OF THE MEDICAL GROUP. IN ADDITION TO THE CORPORATION'S PRIMARY CARE NETWORK, BMG MANAGES THE OPERATION OF SEVERAL HOSPITAL-BASED PRACTICES FOR THE HOSPITALISTS, TRAUMA ORTHOPEDIC SURGEONS, AND PEDIATRIC INTENSIVISTS.


BEACON MEDICAL GROUP, INC. (BMG) OPERATES A MULTI-SPECIALTY CARE NETWORK, AND ALSO OPERATES THE BEACON MEDICAL GROUP CLINICAL RESEARCH INSTITUTE ("CLINICAL RESEARCH"). CLINICAL RESEARCH IS CURRENTLY FOCUSED ON PHARMACOLOGY STUDIES. THE PHARMACOLOGY STUDIES INVOLVE PATIENTS WITH SPECIFIC CONDITIONS OR DISEASES. CLINICAL RESEARCH HAS BROUGHT THE FOLLOWING POSITIVE BENEFITS TO BMG: IMPROVED PATIENT CARE - BRINGS BMG PHYSICIANS AND NURSES CLOSER TO LEADING-EDGE MEDICINE. CORPORATE POSITIONING - CLINICAL RESEARCH CAN ENHANCE BMG'S IDENTITY AND BRAND, IT CAN PROVIDE A MEANS TO MEET PHYSICIANS' ACADEMIC NEEDS AND ENHANCE PHYSICIAN RECRUITMENT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Elkhart Clinic Llc
Medical Billing
$4,284,644
Comphealth Medical Staffing Inc
Temporary Staffing
$627,299
Hayes Locums Llc
Temporary Staffing
$1,138,953
Apogee Medical Management
Medical Management
$621,392
Obstetrix Medical Group Of Indiana
Physician Services
$2,361,667
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$7,794,941
Investment income $55,016
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $422,413
Net Gain/Loss on Asset Sales $232,289
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $141,800,938

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Beacon Medical Group Inc has recieved totaling $145,163.

Awarding OrganizationAmount
Beacon Health Foundation Inc

South Bend, IN

PURPOSE: To support BMG operations and capital purchases

$103,645
Memorial Hospital Of South Bend

South Bend, IN

PURPOSE: General Support

$41,518
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,554,313
Earnings$3,841,751
Net Contributions$3,126,708
Grants$1,536,648
Ending Balance$42,986,124

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$531,298,685
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$504,048,288
The Carle Foundation
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