Parkwest Medical Center is located in Knoxville, TN. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Parkwest Medical Center employed 2,375 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkwest Medical Center 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 12/2021, Parkwest Medical Center generated $417.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $386.3m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PARKWEST MEDICAL CENTER OPERATES A FULL-SERVICE ACUTE CARE HOSPITAL LOCATED IN WEST KNOXVILLE, TENNESSEE, AND A PSYCHIATRIC HOSPITAL IN NEIGHBORING BLOUNT COUNTY, TN WITH A COMBINED TOTAL OF 492 BEDS. IT IS A MEMBER OF THE COVENANT HEALTH SYSTEM.
Describe the Organization's Program Activity:
PARKWEST MEDICAL CENTER ("PARKWEST") ADMITTED ITS FIRST PATIENT ON DECEMBER 10, 1973. IT BECAME A NOT-FOR-PROFIT HOSPITAL IN 1990 AND JOINED THE COVENANT HEALTH SYSTEM IN 1996. PENINSULA, A DIVISION OF PARKWEST MEDICAL CENTER ("PENINSULA") IS THE BEHAVIORAL SERVICES DIVISION OF PARKWEST MEDICAL CENTER AND THE REGION'S LARGEST PROVIDER OF BEHAVIORAL HEALTH SERVICES. PENINSULA HAS A 155-BED HOSPITAL IN BLOUNT COUNTY PROVIDING MENTAL HEALTH SERVICES FOR ADOLESCENTS AND ADULTS. PENINSULA ALSO PROVIDES OUTPATIENT SERVICES IN FOUR COUNTIES. SERVICEWEST KNOXVILLE'S LARGEST MEDICAL CENTER, PARKWEST HAS AN ORGANIZATIONAL CULTURE FOCUSED ON TREATING EVERY PATIENT AND VISITOR WITH COURTESY, COMPASSION AND RESPECT. IT IS BEST KNOWN FOR EXCELLENCE IN ORTHOPEDICS, CARDIOLOGY, SURGICAL AND BEHAVIORAL HEALTH. PARKWEST MEDICAL CENTER AND PENINSULA BEHAVIORAL HOSPITAL, A DIVISION OF PARKWEST, SERVED 266,027 PATIENTS IN 2021. OF THESE, 247,155 WERE OUTPATIENTS AND 22,571 WERE INPATIENTS WITH AN AVERAGE LENGTH-OF-STAY OF 4.81 DAYS. PUTTING PATIENTS FIRSTIN 2021, PARKWEST WAS RECOGNIZED BY U.S. NEWS & WORLD REPORT AS THE #4 BEST HOSPITAL IN TENNESSEE, THE #1 HOSPITAL IN KNOXVILLE METRO AREA, AND RATED AS A HIGH PERFORMING HOSPITAL BY US NEWS & WORLD REPORT FOR HIP AND KNEE REPLACEMENTS, COPD, COLON CANCER SURGERY, HEART ATTACK AND HEART FAILURE MEASURES. BLUECROSS BLUESHIELD GAVE THE HOSPITAL A BLUE DISTINCTION CENTER+ DESIGNATION FOR KNEE REPLACEMENT AND HIP SURGERY, SPINE SURGERY AND MATERNITY CARE, AND A BLUE DISTINCTION CENTER DESIGNATION FOR BARIATRIC SURGERY. PARKWEST WAS NAMED A TOP 50 CARDIOVASCULAR HOSPITAL BY IBM WATSON HEALTH, FOR THE SECOND YEAR IN A ROW. THE JOINT COMMISSION HAS DESIGNATED THE HOSPITAL AS AN ADVANCED PRIMARY STROKE CENTER, AND PARKWEST IS A MEMBER OF COVENANT HEALTH'S STROKE HOSPITAL NETWORK, WHICH LINKS COVENANT HEALTH'S MEMBER HOSPITALS IN PROVIDING RAPID DIAGNOSIS AND TREATMENT OF STROKE. PARKWEST WAS RECOGNIZED WITH GOLDPLUS STROKE QUALITY ACHIEVEMENT AWARD BY THE AMERICAN HEART ASSOCIATION/AMERICAN STROKE ASSOCIATION. PARKWEST HAS EARNED THE GOLDPLUS QUALITY AWARD FROM THE AMERICAN HEART ASSOCIATION, RECOGNIZING CONSISTENT COMPLIANCE WITH EVIDENCE-BASED QUALITY MEASURES FOR CARE OF PATIENTS EXPERIENCING HEART ATTACKS, AND A GOLD AWARD FOR NON-STEMI QUALITY MEASURES. THE CHILDBIRTH CENTER AT PARKWEST MEDICAL CENTER WAS RECOGNIZED BY THE TENNESSEE DEPARTMENT OF HEALTH AND TENNESSEE HOSPITAL ASSOCIATION WITH A BEST FOR BABIES AWARD (2020 DESIGNATION, PRESENTED IN 2021) FOR EFFORTS TO REDUCE INFANT DEATHS. THE AWARD FOCUSES ON HOSPITAL EXCELLENCE FOR BREASTFEEDING SUPPORT, EARLY ELECTIVE DELIVERY REDUCTION AND SAFE SLEEP FOR TENNESSEE BABIES. IMPROVING THE COMMUNITY'S QUALITY OF LIFE THROUGH BETTER HEALTHIN 2021, PARKWEST PROVIDED OVER $100,000 WORTH OF TAXI/TRANSPORTATION VOUCHERS TO PATIENTS WHO NEEDED TRANSPORTATION TO RECEIVE TREATMENT OR HAD BEEN DISCHARGED AND NEEDED TRANSPORTATION HOME. IN 2021, PARKWEST PARTICIPATED IN THE GREATER KNOXVILLE HEART WALK, RAISING FUNDS AND AWARENESS FOR HEART DISEASE. IN NON-COVID YEARS, EMPLOYEES HAVE PARTICIPATED IN THE MARCH OF DIMES MARCH FOR BABIES, WHICH FOCUSES ON IMPROVING THE HEALTH OF NEWBORNS AND INFANTS. PARKWEST ALSO USUALLY PARTICIPATES IN LOCAL HEALTH FAIR SCREENINGS FOR AREA BUSINESSES AND GROUPS, PROVIDING CAROTID ULTRASOUND SCREENINGS AND PHYSICAL THERAPY ERGONOMIC EDUCATION, AS WELL AS STROKE EDUCATION. IN 2021 THE EMPLOYEES AT PARKWEST EXCEEDED FUNDRAISING GOALS FOR THE CHAPLAIN'S FUND WHICH HELPS EMPLOYEES WITH EMERGENCY ASSISTANCE WHEN NEEDED.AS A MEMBER OF COVENANT HEALTH, PARKWEST AND PENINSULA HAVE ADOPTED THE "WE HONOR VETERANS" PROGRAM, RECOGNIZING AND CELEBRATING PATIENTS AND EMPLOYEES WHO ARE VETERANS IN OUR FACILITY. WHEN A PATIENT IS IDENTIFIED AS A VETERAN THEY ARE RECOGNIZED WITH A CERTIFICATE AND PINNING CEREMONY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rajendra T Raman MD Physician - Behavioral | 50 | $385,879 | |
John G Kupfner MD Physician - Behavioral | 50 | $371,340 | |
Mujeeb H Khan MD Physician - Behavioral | 50 | $339,297 | |
Surendra K Sharma MD Physician - Behavioral | 50 | $327,474 | |
Donna G Mckenzie MD Physician - Behavioral | 50 | $321,558 | |
M Scott Hamilton VP - Financial Services | Officer | 40 | $237,716 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Linen King Linen Services | 12/30/21 | $2,694,105 |
Neurosurgical Associates Clinical Management Services | 12/30/21 | $1,022,548 |
Volunteer Perfusion Llc Perfusion Services | 12/30/21 | $1,778,120 |
Nurse Pro Plus Llc Staffing Services | 12/30/21 | $1,011,433 |
Medic Regional Blood Center Blood Processing Fees | 12/30/21 | $1,345,115 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $208,613 |
Government grants | $2,836,158 |
All other contributions, gifts, grants, and similar amounts not included above | $22,500 |
Noncash contributions included in lines 1a–1f | $32,175 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,067,271 |
Total Program Service Revenue | $411,962,302 |
Investment income | $122,764 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $553,109 |
Net Gain/Loss on Asset Sales | -$29,912 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $417,785,459 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,100 |
Grants and other assistance to domestic individuals. | $289,462 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $837,831 |
Compensation of current officers, directors, key employees. | $837,831 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $103,420,517 |
Pension plan accruals and contributions | $3,044,552 |
Other employee benefits | $12,187,917 |
Payroll taxes | $7,060,825 |
Fees for services: Management | $35,353,812 |
Fees for services: Legal | $101,534 |
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 | $43,858,486 |
Advertising and promotion | $352,398 |
Office expenses | $2,076,387 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,883,889 |
Travel | $133,289 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $66,532 |
Interest | $83,359 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $23,252,362 |
Insurance | $458,765 |
All other expenses | $5,192,834 |
Total functional expenses | $386,340,842 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,836 |
Savings and temporary cash investments | -$3,077,176 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $43,744,586 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $5,437,626 |
Prepaid expenses and deferred charges | $1,847,878 |
Net Land, buildings, and equipment | $262,538,924 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $21,346,895 |
Total assets | $331,847,569 |
Accounts payable and accrued expenses | $39,542,776 |
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 | $9,468,625 |
Total liabilities | $49,011,401 |
Net assets without donor restrictions | $282,836,168 |
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 | $331,847,569 |
Over the last fiscal year, we have identified 2 grants that Parkwest Medical Center has recieved totaling $223,613.
Awarding Organization | Amount |
---|---|
Fort Sanders Foundation Knoxville, TN PURPOSE: Support Pulmonary Rehab, Peninsula patient support, equipment and education support | $208,613 |
Tennessee Hospital Association Brentwood, TN PURPOSE: HEALTHCARE SUPPORT GRANT | $15,000 |
Beg. Balance | $172,338 |
Earnings | $5,596 |
Net Contributions | $2,681 |
Other Expense | -$5,596 |
Ending Balance | $175,019 |
Organization Name | Assets | Revenue |
---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
North Mississippi Medical Center Inc Tupelo, MS | $1,589,620,172 | $809,459,200 |