Ucm Care Network Medical Group Inc
- Assets
- $43.4m
- Revenue
- $25.4m
- Investments
- $0.0
- Employees
- 376
- Location
- Chicago, IL
- Founding
- 01/2020
- Data as of
- 06/2022
- EIN
- 47-4221241
Organization Overview
Ucm Care Network Medical Group Inc is located in Chicago, IL. The organization was established in 2020. 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 06/2022, Ucm Care Network Medical Group Inc employed 376 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ucm Care Network 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 06/2022, Ucm Care Network Medical Group Inc generated $25.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 61.6% each year . All expenses for the organization totaled $38.0m during the year ending 06/2022. While expenses have increased by 51.3% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SHARED MISSION OF UCM CARE NETWORK MEDICAL GROUP, INC. AND THE UNIVERSITY OF CHICAGO MEDICAL CENTER BY PROMOTING COMMUNITY HEALTH THROUGH THE EMPLOYMENT AND ENGAGEMENT OF PHYSICIANS AND OTHER PROFESSIONALS WITH THE OBJECTIVE OF PROVIDING HIGH QUALITY, COST EFFICIENT, AND EFFECTIVE CARE TO THE UNIVERSITY OF CHICAGO MEDICAL CENTER AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY CARE: PRIMARY CARE PRACTICES PROVIDE EXPERT CARE FOR PREVENTIVE HEALTH AND ROUTINE CHECKUPS. CARE NETWORK MEDICAL GROUP HAS A WORLD-RENOWNED NETWORK OF PHYSICIAN SPECIALISTS WHO CAN HELP WITH ANY MEDICAL ISSUES THAT ARISE. A PRIMARY CARE PHYSICIAN (PCP) IS A PATIENT'S MAIN HEALTH CARE PROVIDER AND IS INVOLVED IN SHORT AND LONG-TERM MEDICAL CARE. EVERY TYPE OF PRIMARY CARE PHYSICIAN IS ON STAFF, INCLUDING FAMILY MEDICINE PHYSICIANS, GERIATRICIANS, GYNECOLOGISTS, INTERNISTS, AND PEDIATRICIANS. MANY CLINICS ALSO EMPLOY NURSE PRACTITIONERS. AS A RESULT, PATIENTS CAN RECEIVE THE PRIMARY CARE SERVICES NEEDED ACROSS A PATIENT'S LIFETIME. PCPS WORK SIDE BY SIDE WITH ANY SPECIALISTS TO TREAT A DISEASE OR CONDITION. TOGETHER, PCPS AND SPECIALISTS EFFECTIVELY CO-MANAGE PATIENT HEALTH AND ENSURE THAT PATIENTS RECEIVE COMPREHENSIVE, COORDINATED CARE. SERVICES PROVIDED INCLUDE ANNUAL WELLNESS EXAMS AND PREVENTIVE SCREENINGS FOR MEN, WOMEN AND CHILDREN, IMMUNIZATIONS AND DEVELOPMENTAL SCREENINGS FOR CHILDREN, ONSITE OUTPATIENT PROCEDURES AND DIAGNOSTICS, SCHOOL AND SPORTS PHYSICALS, CARE FOR URGENT MEDICAL ISSUES, SUCH AS UPPER RESPIRATORY INFECTIONS, URINARY TRACT INFECTIONS, SPRAINS AND BRONCHITIS, AND CARE FOR COMMON CHRONIC CONDITIONS, SUCH AS DIABETES, ALLERGIES, HIGH BLOOD PRESSURE, ASTHMA, ARTHRITIS, ANXIETY AND DEPRESSION. MANY CLINICS ALSO HAVE ONSITE LAB TESTING (E.G., BLOOD SUGAR READINGS, URINE ANALYSIS) SO TESTING CAN BE DONE AT THE SAME TIME PATIENTS VISIT PHYSICIANS.
OTHER CARE NETWORK MEDICAL GROUP SPECIALTIES INCLUDE DIABETES, ONCOLOGY, RHEUMATOLOGY, VASCULAR, MULTISPECIALTY, ENDOCRINOLOGY, DERMATOLOGY, CARDIOLOGY, RADIOLOGY ONCOLOGY, NEPHROLOGY, PSYCHIATRY, ENT, NEUROLOGY, PAIN MANAGEMENT, AND ORTHOPEDICS.
OB/GYN: EXPERTS AT THE UNIVERSITY OF CHICAGO MEDICINE PROVIDE A FULL SPECTRUM OF GENERAL AND SPECIALIZED OBSTETRIC AND GYNECOLOGIC CARE. FROM PREVENTIVE WELL WOMAN EXAMS AND PRENATAL CARE TO MINIMALLY INVASIVE SURGERY AND HIGH-RISK PREGNANCY CARE, OUR TEAM OFFERS THE LATEST ADVANCEMENTS IN REPRODUCTIVE HEALTH FOR WOMEN AND GIRLS.
GASTROENTEROLOGY: THE DIGESTIVE DISEASES CENTER AT THE UNIVERSITY OF CHICAGO MEDICINE IS A COLLABORATIVE, MULTIDISCIPLINARY NETWORK OF PHYSICIANS, RESEARCHERS AND ALLIED HEALTH PROFESSIONALS WHO SHARE A LEGACY OF INNOVATION AND A COMMON PURPOSE: TO IMPROVE THE LIVES OF PATIENTS WHO SUFFER FROM DIGESTIVE DISEASES. THE GI SPECIALTY TEAMS TREAT CONDITIONS SUCH AS CELIAC DISEASE, COLON & RECTAL SURGERY, ESOPHAGEAL DISEASES, GASTROINTESTINAL CANCER, INFLAMMATORY BOWEL DISEASE, INTERVENTIONAL ENDOSCOPY, LIVER DISEASE AND TRANSPLANT, OBESITY & WEIGHT MANAGEMENT, PANCREATIC DISEASE, AND PEDIATRIC GASTROENTEROLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Chair And Director (eff. 6/29/22) | OfficerTrustee | 1 | $0 |
Name Not Listed Board Chair And Director (thru 6/29/22) | OfficerTrustee | 1 | $0 |
Name Not Listed President, Care Network | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 40 | $485,755 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (thru 6/29/22) | Trustee | 1 | $0 |
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 | $24,852,341 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $274,586 |
| 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 | $25,389,211 |
| 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. | $1,866,198 |
| Compensation of current officers, directors, key employees. | $437,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,672,290 |
| Pension plan accruals and contributions | $468,947 |
| Other employee benefits | $799,320 |
| Payroll taxes | $1,001,160 |
| 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 | $8,442,270 |
| Advertising and promotion | $0 |
| Office expenses | $375,310 |
| Information technology | $9,430 |
| Royalties | $0 |
| Occupancy | $5,012,041 |
| Travel | $114,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,863 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,415,924 |
| Insurance | $1,549,681 |
| All other expenses | $1,079,473 |
| Total functional expenses | $37,967,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,288,845 |
| 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 | $34,331 |
| Net Land, buildings, and equipment | $18,392,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,663,479 |
| Other assets | $0 |
| Total assets | $43,379,139 |
| Accounts payable and accrued expenses | $2,131,487 |
| 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 | $66,485,075 |
| Total liabilities | $68,616,562 |
| Net assets without donor restrictions | -$25,237,423 |
| 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 | $43,379,139 |