Caromont Medical Group Inc

Organization Overview

Caromont Medical Group Inc is located in Gastonia, NC. The organization was established in 1986. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Caromont Medical Group Inc employed 1,004 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caromont 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 06/2021, Caromont Medical Group Inc generated $131.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $162.1m during the year ending 06/2021. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O.CAROMONT MEDICAL GROUP OWNS AND OPERATES A NETWORK OF 50 PRIMARY CARE AND SPECIALTY PHYSICIAN PRACTICES AND FIVE URGENT CARE CENTERS. THE GROUP EMPLOYS MORE THAN 200 PHYSICIANS AND OVER 70 ADVANCED PRACTITIONERS IN 25 DIFFERENT SPECIALTIES. IN FISCAL YEAR 2021, THE MEDICAL GROUP PROVIDED 644,626 PATIENT VISITS. CAROMONT MEDICAL GROUP IS COMMITTED TO PROVIDING HIGH QUALITY CARE TO ITS PATIENTS, WITH ALL OF ITS PRIMARY CARE PRACTICES RECOGNIZED AS A LEVEL 3 PATIENT-CENTERED MEDICAL HOME. THIS HIGHEST LEVEL OF RECOGNITION AVAILABLE TO PRIMARY CARE PRACTICES BY THE NATIONAL CENTER FOR QUALITY ASSURANCE (NCQA) IDENTIFIES PRACTICES THAT EMPHASIZE CARE COORDINATION AND COMMUNICATION TO IMPROVE QUALITY OUTCOMES FOR THEIR PATIENTS.CAROMONT MEDICAL GROUP IS ACTIVE IN ITS COMMUNITIES IN A NUMBER OF WAYS. THE PRACTICES MAKE MONETARY AND IN-KIND CONTRIBUTIONS TO COMMUNITY NON-PROFIT ORGANIZATIONS, PHYSICIANS AND STAFF VOLUNTEER AT COMMUNITY EVENTS AND HEALTH FAIRS, AND LEADERS SERVE ON COMMUNITY BOARDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Weatherby Locums Inc
Temporary Staffing
$1,922,283
Dorota Gawlas
Physician Staffing
$182,000
Experian Health Inc
Eligibity Verification
$124,083
Comphealth
Locums
$634,190
Positive Reinforcement Nursing
Temporary Staffing
$198,097
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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$127,334,613
Investment income $9,071
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $74,389
Net Gain/Loss on Asset Sales -$1,233
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $131,069,416

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