Prisma Health Medical Group-Midlands
- Assets
- $112.6m
- Revenue
- $348.0m
- Investments
- $0.0
- Employees
- 2,653
- Location
- Greenville, SC
- Founding
- 10/2014
- Data as of
- 09/2023
- EIN
- 47-1345819
Organization Overview
Prisma Health Medical Group-Midlands is located in Greenville, SC. The organization was established in 2014. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 09/2023, Prisma Health Medical Group-Midlands employed 2,653 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prisma Health Medical Group-Midlands 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 09/2023, Prisma Health Medical Group-Midlands generated $348.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $558.0m during the year ending 09/2023. While expenses have increased by 21.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.
Describe the Organization's Program Activity:
PRISMA HEALTH MEDICAL GROUP-MIDLANDS IS A MEDICAL GROUP THAT OPERATES MEDICAL OFFICES. THERE ARE HEALTH CARE PROVIDERS SPECIALIZING IN PHYSICAL MEDICINE AND REHABILITATION, SPORT MEDICINE, OBSTETRICS/GYNECOLOGY, INFECTIOUS DISEASE, INTERNAL MEDICINE, GENERAL SURGERY, DIAGNOSTIC RADIOLOGY, FAMILY PRACTICE, CARDIOVASCULAR DISEASE (CARDIOLOGY), OPHTHALMOLOGY AND MORE, BEING REPORTED AS MEMBERS OF THE MEDICAL GROUP. MEDICAL TAXONOMIES WHICH ARE COVERED BY PRISMA HEALTH MEDICAL GROUP-MIDLANDS INCLUDE PEDIATRIC ORTHOPEDIC SURGERY, REGISTERED NURSE, GYNECOLOGY, CLINICAL CHILD & ADOLESCENT, ORTHOPEDIC TRAUMA, CLINICAL CARDIAC ELECTROPHYSIOLOGY, CLINICAL NUCLEAR RADIOLOGY, PSYCHOANALYSIS AND MANY MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Evp Chief Clinical Officer (chair) (start 12/28/22) | OfficerTrustee | 1 | $0 |
Name Not Listed Evp Chief Operating Officer (secretary) | Trustee | 1 | $0 |
Name Not Listed Physician (vice Chair) | Trustee | 40 | $227,987 |
Name Not Listed SVP Chief Operating Officer, Medical Group | Officer | 1 | $0 |
Name Not Listed Evp-Chief Financial Officer | Officer | 1 | $0 |
Name Not Listed General Counsel | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hayes Locums Llc Physician Placement Services | 9/29/23 | $5,353,938 |
Qualivis Llc Clinical Staffing Services | 9/29/23 | $3,400,438 |
Weatherby Locums Inc Physician Placement Services | 9/29/23 | $1,183,163 |
Laboratory Corp Lab Services | 9/29/23 | $681,177 |
Scribeamerica Llc Medical Billing Services | 9/29/23 | $341,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $347,975,438 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,426 |
| 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 | $347,980,864 |
| 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. | $577,512 |
| Compensation of current officers, directors, key employees. | $577,512 |
| Compensation to disqualified persons | $711,351 |
| Other salaries and wages | $369,625,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,337,413 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215,093 |
| 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 | $7,438,982 |
| Advertising and promotion | $0 |
| Office expenses | $1,997,313 |
| Information technology | $866,558 |
| Royalties | $0 |
| Occupancy | $23,230,734 |
| Travel | $334,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,800,130 |
| Interest | $29,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,857,021 |
| Insurance | $9,431,380 |
| All other expenses | $319,414 |
| Total functional expenses | $558,047,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,401,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,429,223 |
| Accounts receivable, net | $26,327,321 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,014,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,407,678 |
| Total assets | $112,579,771 |
| Accounts payable and accrued expenses | $32,616,359 |
| Grants payable | $0 |
| Deferred revenue | $1,517,687 |
| 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 | $25,056,983 |
| Total liabilities | $59,191,029 |
| Net assets without donor restrictions | $53,388,742 |
| 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 | $112,579,771 |