Prisma Health-University Medical Group
- Assets
- $134.4m
- Revenue
- $658.0m
- Investments
- $0.0
- Employees
- 5,647
- Location
- Greenville, SC
- Founding
- 03/1998
- Data as of
- 09/2021
- EIN
- 57-1004971
Organization Overview
Prisma Health-University Medical Group is located in Greenville, SC. The organization was established in 1998. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 09/2023, Prisma Health-University Medical Group employed 5,647 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prisma Health-University Medical Group 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, Prisma Health-University Medical Group generated $658.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $940.0m during the year ending 09/2021. While expenses have increased by 8.3% per year over the past 5 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
INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRISMA HEALTH-UNIVERSITY MEDICAL GROUP (UMG) IS A MEDICAL GROUP THAT OPERATES MEDICAL OFFICES. THERE ARE HEALTH CARE PROVIDERS SPECIALIZING IN PHYSICAL MEDICINE AND REHABILITATION, SPORTS 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 UMG 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 SVP Chief Operating Officer, Medical Group (vice Chair) | OfficerTrustee | 1 | $0 |
Name Not Listed Evp Chief Clinical Officer (chair) | OfficerTrustee | 1 | $0 |
Name Not Listed Evp Chief Operating Officer (secretary) | Trustee | 1 | $0 |
Name Not Listed SVP And Treasurer Of Prisma Health (until 12/28/22) | Officer | 1 | $0 |
Name Not Listed Evp-Chief Financial Officer | Officer | 1 | $0 |
Name Not Listed Svp-Deputy General Counsel (start 12/28/22) | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Llc Clinical Staffing Services | 9/29/23 | $15,769,746 |
Weatherby Locums Inc Physician Placement Services | 9/29/23 | $10,006,948 |
Docstar Medical Partners Llc Locum Tenens Staffing | 9/29/23 | $3,473,039 |
Management Services Network Medical Billing Services | 9/29/23 | $3,466,155 |
Delta Locum Tenens Llc Locum Tenens Staffing | 9/29/23 | $2,152,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,938,575 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,008 |
| Net Gain/Loss on Asset Sales | $214,556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,970,757 |
| 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. | $885,058 |
| Compensation to disqualified persons | $117,125 |
| Other salaries and wages | $700,939,452 |
| Pension plan accruals and contributions | $13,253,797 |
| Other employee benefits | $43,205,533 |
| Payroll taxes | $31,525,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,065 |
| Fees for services: Accounting | $197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$52,068,214 |
| Advertising and promotion | $0 |
| Office expenses | $3,187,499 |
| Information technology | $1,593,933 |
| Royalties | $0 |
| Occupancy | $34,488,162 |
| Travel | $949,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,601,730 |
| Interest | -$5,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,332,966 |
| Insurance | $10,618,125 |
| All other expenses | $0 |
| Total functional expenses | $940,012,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$13,480,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,947,264 |
| Accounts receivable, net | $77,619,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $280,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,668,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,422,559 |
| Total assets | $134,365,616 |
| Accounts payable and accrued expenses | $114,511,780 |
| Grants payable | $0 |
| Deferred revenue | $4,870,119 |
| 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 | $10,688,289 |
| Total liabilities | $130,070,188 |
| Net assets without donor restrictions | $4,295,428 |
| 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 | $4,295,428 |