Asante Physician Partners
- Assets
- $27.3m
- Revenue
- $78.7m
- Investments
- $0.0
- Employees
- 824
- Location
- Medford, OR
- Founding
- 03/2012
- Data as of
- 09/2021
- EIN
- 38-3849354
Organization Overview
Asante Physician Partners is located in Medford, OR. The organization was established in 2012. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 09/2023, Asante Physician Partners employed 824 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asante Physician Partners 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 09/2021, Asante Physician Partners generated $78.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $105.1m during the year ending 09/2021. While expenses have increased by 4.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE QUALITY AND COST-EFFECTIVE DELIVERY OF HEALTHCARE SERVICES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASANTE PHYSICIAN PARTNERS (APP), ASANTE'S EMPLOYED MEDICAL GROUP, IS A MULTISPECIALTY MEDICAL GROUP ENCOMPASSING 27 UNIQUE CLINIC SITES WITH 212 PHYSICIANS AND 120 ADVANCED PRACTITIONERS. MOST PHYSICIAN PRACTICES, AND IN PARTICULAR SPECIALTY PRACTICES, ARE LOCATED WITHIN THE MORE HEAVILY POPULATED CITIES (MEDFORD, GRANTS PASS, AND ASHLAND) IN THE PRIMARY SERVICE AREA. ASANTE PHYSICIAN PARTNERS SERVED 90,952 INDIVIDUALS WITH A TOTAL OF 297,116 VISITS IN THE FISCAL YEAR ENDING SEPTEMBER 30, 2023. THIS ACCESS IS OF PARTICULAR BENEFIT TO THE UNDERSERVED IN THE COMMUNITY WITH THE VISITS COMPRISED OF 42.5% MEDICARE, 15.7% MEDICAID AND 10.6% UNINSURED PATIENTS.
ASANTE PHYSICIAN PARTNERS EVALUATES AND PURSUES STRATEGIC ALLIANCES WITH PHYSICIANS AND OTHER PROVIDERS TO IMPROVE AVAILABILITY AND ACCESSIBILITY OF HEALTH CARE SERVICES IN OUR REGION, REDUCE COSTS AND ENHANCE THE QUALITY AND CONTINUITY OF HEALTH CARE SERVICES PROVIDED TO PATIENTS. THESE ALLIANCES INCLUDE JOINT VENTURES, PARTNERSHIPS, SERVICE LINE AGREEMENTS, PHYSICIAN SERVICE AGREEMENTS, PARTICIPATION IN ASANTE HEALTH NETWORK AND OTHER RELATIONSHIPS. DURING FISCAL YEAR 2023, ASANTE PHYSICIAN PARTNERS RECRUITED 39 PROVIDERS TO ASANTE OR ON BEHALF OF ITS ASSOCIATED MEDICAL GROUPS.
ALL PRIMARY CARE AND SPECIALTY CLINICS HAVE THE CAPABILITY TO OFFER TELEMEDICINE VISITS. TELEMEDICINE VISITS ARE UTILIZED FOR SPECIALTY CONSULTS, POST HOSPITALIZATION VISITS, AND ROUTINE CARE. EXPANSION OF TELEMEDICINE HAS INCREASED PATIENT SATISFACTION AND EASE OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Frost MD Medical Doctor & Trustee | Trustee | 40 | $840,710 |
James Grebosky MD Asante Svp & Chief Medical & Quality | OfficerTrustee | 1 | $0 |
Eric Loeliger MD Atrmc VP Medical Affairs | Trustee | 1 | $0 |
Peter Canning MD Asante Medical Director Information | Trustee | 1 | $393,655 |
Sue Hagar MD Medical Doctor & Trustee | Trustee | 40 | $282,418 |
Chris Morgan MD Chair, Medical Doctor | OfficerTrustee | 40 | $352,682 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Messenger Lllc Messaging Service | 9/29/20 | $158,367 |
Hsg Llc Compensation Plan Development | 9/29/20 | $144,813 |
Ohsu Physician Services | 9/29/20 | $122,859 |
Medford Radiology Group Pc Physician Services | 9/29/20 | $127,047 |
Professional Research Consulta Patient & Employee Surveys | 9/29/20 | $138,472 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,847 |
| Investment income | $0 |
| 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 | $78,692,705 |
| 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. | $3,545,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,652,097 |
| Pension plan accruals and contributions | $3,392,319 |
| Other employee benefits | $9,568,774 |
| Payroll taxes | $4,080,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,799 |
| 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 | $1,112,157 |
| Advertising and promotion | $221,115 |
| Office expenses | $280,481 |
| Information technology | $618,224 |
| Royalties | $0 |
| Occupancy | $54,839 |
| Travel | $50,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $685,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,961,644 |
| Insurance | $1,365,758 |
| All other expenses | $0 |
| Total functional expenses | $105,141,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,880,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,667 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $495,811 |
| Other assets | $0 |
| Total assets | $27,348,229 |
| Accounts payable and accrued expenses | $238,766 |
| 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 | $0 |
| Other liabilities | $198,386,657 |
| Total liabilities | $198,625,423 |
| Net assets without donor restrictions | -$171,277,194 |
| 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 | -$171,277,194 |