The Physician Network is located in Lincoln, NE. The organization was established in 1996. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 06/2021, Physician Network employed 882 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physician Network 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 06/2021, Physician Network generated $64.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $97.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 years. 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
TO PROVIDE ACCESS TO QUALITY, SERVICE-ORIENTED, COST EFFECTIVE HEALTHCARE TO THE COMMUNITY THROUGH PHYSICIAN SERVICES - CLINICS (FAMILY HEALTH, INTERNALIST, OB, ENT), CARDIOLOGY, EMERGENCY, URGENT, HOSPITALIST, AND NEONATOLOGIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHYSICIAN NETWORK WAS FOUNDED TO PROVIDE PHYSICIAN SERVICES FOR THE COMMUNITY. AS A MEMBER OF COMMONSPIRIT HEALTH, WE EMBRACE THE MISSION OF A HEALTHY COMMUNITY AND TO PROVIDE QUALITY CARE FOR THOSE IN NEED.THE PHYSICIAN NETWORK OPERATES, STAFFS, AND MAINTAINS 10 PRIMARY CARE CLINICS AND 32 DIFFERENT SPECIALTIES, WHICH INCLUDES 19 CLINICS, THAT INCREASE THE AVAILABILITY AND ENHANCE THE QUALITY OF MEDICAL SERVICES PROVIDED TO THE LINCOLN, GRAND ISLAND, AND KEARNEY COMMUNITIES. DURING FISCAL YEAR 2021, THESE CLINICS HAD 301,969 PROVIDER ENCOUNTERS.THE ORGANIZATION ALSO PROVIDES AND MAINTAINS THE AVAILABILITY OF QUALIFIED PHYSICIANS AND PHYSICIAN EXTENDERS NECESSARY TO PROVIDE URGENT AND EMERGENCY CARE SERVICES AT HOSPITALS AND EMERGENT CARE FACILITIES.THE 24 HOUR EMERGENCY ROOMS (LOCATED IN LINCOLN, GRAND ISLAND, AND KEARNEY) ARE OPEN 365 DAYS PER YEAR. THEY PARTICIPATE IN MEDICARE AND MEDICAID AND HAVE AN ACTIVE CHARITY CARE PROGRAM.THE PHYSICIAN NETWORK WAS FOUNDED AND GRANTED TAX EXEMPT STATUS IN 1994. THE BOARD OF DIRECTORS IS COMPRISED OF OFFICERS FROM ALEGENT CREIGHTON CLINIC, A RELATED ORGANIZATION.COMMUNITY BENEFIT APPROACHTHE PHYSICIAN NETWORK'S CENTRAL OFFICE AND 8 PRIMARY CARE CLINICS ARE LOCATED IN LINCOLN, NEBRASKA, A CITY WITH A POPULATION OF APPROXIMATELY 265,000. WE SERVE LANCASTER COUNTY, NEBRASKA, AND THE SURROUNDING STATES OF IOWA, KANSAS, AND MISSOURI. WE ALSO PROVIDE PRIMARY AND SPECIALTY SERVICES IN GRAND ISLAND, KEARNEY, COLUMBUS, NORTH PLATTE, AND HASTINGS, NEBRASKA.THE PHYSICIAN NETWORK PARTICIPATES IN GOVERNMENTAL PROGRAMS (SUCH AS MEDICARE AND MEDICAID), AND HAS AN ACTIVE CHARITY CARE PROGRAM.THE PHYSICIAN NETWORK PROVIDES SUPPORT TO PEOPLE'S HEALTH CENTER, WHICH SERVES A COMMUNITY THAT IS COMPOSED OF POOR AND UNEMPLOYED HOUSEHOLDS.THE PHYSICIAN NETWORK PROVIDES PHYSICIANS FOR THE HOSPITALIST, NEONATOLOGY, PEDIATRIC CARDIOLOGY, RADIATION THERAPY, ANESTHESIA, AND PALLIATIVE CARE PROGRAMS AT CHI NEBRASKA AFFILIATED HOSPITALS.QUANTITATIVE DESCRIPTION OF COMMUNITY BENEFIT SUMMARY FISCAL YEAR 2021:THE PHYSICIAN NETWORK ENCOURAGES OUR ASSOCIATES TO LIVING OUT OUR VALUES OF REVERENCE, INTEGRITY, COMPASSION, AND EXCELLENCE. THE ASSOCIATES PARTICIPATE IN COMMUNITY BLOOD DRIVES, "ADOPT" FAMILIES IN NEED FOR THE HOLIDAYS, COLLECT TOILETRIES FOR CITY MISSION, AND SUPPORT COMMUNITY FOOD DRIVES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joshua Anderson MD Neurosurgeon | 60 | $1,345,201 | |
John Wright MD Orthopedist | 60 | $1,330,479 | |
Chinyere Obasi Neurosurgeon | 60 | $973,978 | |
Peter Gallagher Physiologist | 60 | $909,452 | |
Stephen Ackerman Physiologist | 60 | $904,297 | |
Robert Shaffer MD Board Member/anesthesiologist | Trustee | 60 | $657,364 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Amn Healthcare Healthcare Consulting | 6/29/21 | $950,105 |
Dagmawe Md Pa Medical Services | 6/29/21 | $773,706 |
Boulder Cardiology Cardiology Services | 6/29/21 | $713,516 |
Locumtenenscom Staffing Solutions | 6/29/21 | $709,325 |
Lincoln Internal Med Assoc Pc Medical Services | 6/29/21 | $790,918 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $164,851 |
Government grants | $1,043,561 |
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 | $1,208,412 |
Total Program Service Revenue | $54,223,371 |
Investment income | $19,005 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,940,538 |
Net Gain/Loss on Asset Sales | -$453,369 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $64,680,019 |
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. | $1,919,366 |
Compensation of current officers, directors, key employees. | $76,775 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $52,578,191 |
Pension plan accruals and contributions | $3,280,872 |
Other employee benefits | $3,761,620 |
Payroll taxes | $2,592,200 |
Fees for services: Management | $0 |
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 | $10,700,591 |
Advertising and promotion | $380 |
Office expenses | $131,694 |
Information technology | $3,257,355 |
Royalties | $0 |
Occupancy | $8,234,890 |
Travel | $113,930 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,964 |
Interest | $0 |
Payments to affiliates | $2,520,815 |
Depreciation, depletion, and amortization | $4,547,519 |
Insurance | $716,884 |
All other expenses | $171,790 |
Total functional expenses | $97,822,139 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,334 |
Savings and temporary cash investments | $243,391 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,823,601 |
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 | $1,066,188 |
Net Land, buildings, and equipment | $2,737,648 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $98,660,340 |
Total assets | $104,536,502 |
Accounts payable and accrued expenses | $7,392,380 |
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 | $291,885,409 |
Total liabilities | $299,277,789 |
Net assets without donor restrictions | -$194,741,287 |
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 | $104,536,502 |
Over the last fiscal year, we have identified 2 grants that The Physician Network has recieved totaling $159,099.
Awarding Organization | Amount |
---|---|
Saint Francis Medical Center Foundation Grand Island, NE PURPOSE: GENERAL SUPPORT | $152,200 |
Saint Elizabeth Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $6,899 |
Organization Name | Assets | Revenue |
---|---|---|
The Physician Network Lincoln, NE | $104,536,502 | $64,680,019 |
American Academy Of Family Physicians Leawood, KS | $105,697,691 | $86,228,373 |
Association Of Operating Room Nurses Inc Denver, CO | $38,056,057 | $33,379,294 |
American Association Of Orthodontists St Louis, MO | $35,830,036 | $25,580,737 |
American Optometric Association Inc St Louis, MO | $41,380,476 | $25,369,492 |
Missouri Hospital Association Jefferson City, MO | $56,914,745 | $17,839,212 |
Iowa Hospital Association Des Moines, IA | $17,798,272 | $8,917,472 |
Colorado Hospital Association Greenwood Village, CO | $13,190,689 | $7,968,558 |
American College Of Clinical Pharmacy Lenexa, KS | $17,709,433 | $7,095,671 |
Iowa Healthcare Collaborative Des Moines, IA | $12,881,277 | $5,601,701 |
National Rural Health Association Kansas City, MO | $2,342,243 | $5,213,678 |
Iowa Primary Care Association Inc Des Moines, IA | $2,482,899 | $4,844,356 |