Floyd Healthcare Management Inc is located in Rome, GA. The organization was established in 1992. 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 12/2021, Floyd Healthcare Management Inc employed 4,185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floyd Healthcare Management 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, Floyd Healthcare Management Inc generated $501.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $461.7m during the year ending 06/2021. While expenses have increased by 4.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A NON-PROFIT HOSPITAL SYSTEM AND SUPPORT 501 (C)(3)ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLOYD HEALTHCARE MANAGEMENT, INC. OPERATES FLOYD MEDICAL CENTER, A GENERAL ACUTE CARE HOSPITAL, AND FLOYD BEHAVIORAL HEALTH, A PSYCHIATRIC UNIT. FLOYD MEDICAL CENTER IS A 300+ BED GENERAL ACUTE-CARE HEALTH INSTITUTION, OFFERING A WIDE RANGE OF SPECIALIZED SERVICES AND PROGRAMS. SUCH SERVICES AND PROGRAMS INCLUDE: ACUTE, MEDICAL/SURGICAL CARE; AMBULANCE SERVICE; BLOOD BANK; CANCER CARE UNIT; CARDIOVASCULAR LABORATORY; CORONARY CARE UNIT; CHAPLAIN SERVICE; CHEMICAL DEPENDENCY UNIT; CRISIS INTERVENTION; CT SCANNER; DIABETES CARE UNIT; LITHOTRIPSY, MEDICAL/SURGICAL INTENSIVE CARE; MAGNETIC RESONANCE IMAGING; NEUROLOGY; LEVEL III NEWBORN NURSERY/NEONATAL INTENSIVE CARE UNIT; OB/GYN; ORTHOPEDIC SURGERY, OUTPATIENT SURGERY CENTER; PATIENT REPRESENTATIVES; PEDIATRIC CARE; PHARMACY; DIAGNOSTIC RADIOLOGY; A 24-HOUR EMERGENCY SERVICE; ENDOSCOPIC LABORATORY; FAMILY PRACTICE RESIDENCY PROGRAM; PRIMARY CARE PHYSICIAN NETWORK; HEALTH EDUCATION AND PROMOTION; HOSPITAL AUXILIARY; INDUSTRIAL MEDICINE PROGRAM; INPATIENT REHABILITATION UNIT; LAPAROSCOPIC CHOLECYSTECTOMY SURGERY; LASER SURGERY; PHYSICAL THERAPY; OCCUPATIONAL THERAPY; SPEECH THERAPY; POISON CONTROL CENTER; POST-OPERATIVE RECOVERY ROOM; PROGRESSIVE INTENSIVE CARE UNIT; RESPIRATORY CARE SERVICES; SOCIAL WORK SERVICES; ULTRASOUND; CONGESTIVE HEART FAILURE CLINIC; WOUND OSTOMY CLINIC; BREAST CENTER, MOBILE MAMMOGRAPHY. DURING THE SHORT PERIOD ENDED DECEMBER 31, 2021, PATIENT DAYS (INCLUDING PSYCH AND REHAB) AT FLOYD MEDICAL CENTER TOTALED 47,384 AND DISCHARGES TOTALED 7,068. FLOYD MEDICAL CENTER PROVIDED APPROXIMATELY 23,255,000 IN DIRECT CHARITY AND INDIGENT CARE, AND IT INCURRED UNREIMBURSED MEDICARE AND MEDICAID ADJUSTMENTS OF 359,266,000 AND 139,644,000 RESPECTIVELY. A COPY OF THE REPORT TO THE COMMUNITY FOR FLOYD MEDICAL CENTER CAN BE FOUND AT WWW.FLOYD.ORG.
CHEROKEE MEDICAL CENTER (CMC) IS A 60-BED ACUTE CARE HOSPITAL LOCATED IN CENTRE, ALABAMA. CMC ALSO OPERATES THREE RURAL HEALTH CLINICS LOCATED IN CENTRE AND PIEDMONT, AL. CMC IS OPERATED BY FLOYD CHEROKEE MEDICAL CENTER, LLC (FCMC), AN ALABAMA LIMITED LIABILITY CORPORATION WHOSE SOLE MEMBER IS FHMI. DURING THE SHORT PERIOD ENDED DECEMBER 31, 2021, CMC PROVIDED 2,356 PATIENT DAYS AND DISCHARGES TOTALED 568; THE RURAL HEALTH CLINICS HAD 17,554 VISITS. CMC PROVIDED APPROXIMATELY 217,000 IN DIRECT CHARITY AND INDIGENT CARE, AND IT INCURRED UNREIMBURSED MEDICARE AND MEDICAID ADJUSTMENTS OF 7,520,000 AND 7,494,000 RESPECTIVELY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kurt Stuenkel Pres/secre/c | OfficerTrustee | 50 | $2,971,233 |
Kenneth Jones Jr MD VP & Cmo | Officer | 50 | $775,398 |
Tommy Manning Corporate Co | Officer | 50 | $758,789 |
Chad J Beck MD Physician | 50 | $676,829 | |
Warren Sonny Rigas SVP COO | Officer | 50 | $673,362 |
Sheila Bennett VP & Cno | Officer | 50 | $596,905 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
In Compass Health Inc Hospitalist | 12/30/21 | $3,885,052 |
Morrison Management Specialists Dietary Svc | 12/30/21 | $2,937,688 |
Cerner Corp It Services | 12/30/21 | $2,466,225 |
Aramark Management Services Housekeeping | 12/30/21 | $2,356,525 |
Brasfield And Gorrie Llc Gen Contractor | 12/30/21 | $4,301,992 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $170,500 |
Government grants | $23,630,024 |
All other contributions, gifts, grants, and similar amounts not included above | $51,262 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $23,851,786 |
Total Program Service Revenue | $468,914,670 |
Investment income | $3,997,404 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $203,036 |
Net Gain/Loss on Asset Sales | $2,853,045 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $170,376 |
Miscellaneous Revenue | $0 |
Total Revenue | $501,302,033 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $197,534 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $8,151,943 |
Compensation of current officers, directors, key employees. | $7,703,367 |
Compensation to disqualified persons | $8,140 |
Other salaries and wages | $186,991,912 |
Pension plan accruals and contributions | $5,152,123 |
Other employee benefits | $43,875,018 |
Payroll taxes | $14,353,030 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,792,496 |
Fees for services: Accounting | $581,775 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $55,103,621 |
Advertising and promotion | $2,160,697 |
Office expenses | $7,181,256 |
Information technology | $12,056,980 |
Royalties | $0 |
Occupancy | $13,202,457 |
Travel | $4,367,798 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $536,325 |
Interest | $63,473 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $22,543,538 |
Insurance | $3,746,927 |
All other expenses | $1,264,263 |
Total functional expenses | $461,658,787 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $34,701,765 |
Savings and temporary cash investments | $30,978,684 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $72,995,180 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $157,097 |
Inventories for sale or use | $12,898,213 |
Prepaid expenses and deferred charges | $6,528,593 |
Net Land, buildings, and equipment | $129,257,851 |
Investments—publicly traded securities | $195,772,412 |
Investments—other securities | $281,207 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $65,022,702 |
Total assets | $548,593,704 |
Accounts payable and accrued expenses | $41,544,554 |
Grants payable | $0 |
Deferred revenue | $300,000 |
Tax-exempt bond liabilities | $125,024,237 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $63,097,317 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $83,672,118 |
Total liabilities | $313,638,226 |
Net assets without donor restrictions | $234,955,478 |
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 | $548,593,704 |
Over the last fiscal year, we have identified 2 grants that Floyd Healthcare Management Inc has recieved totaling $452,654.
Awarding Organization | Amount |
---|---|
Floyd Health Care Foundation Inc Floyd Medical Center Rome, GA PURPOSE: OPERATIONS | $420,804 |
Floyd Health Care Foundation Inc Floyd Medical Center Rome, GA PURPOSE: HOSPICE OPERATIONS | $31,850 |
Organization Name | Assets | Revenue |
---|---|---|
Baycare Health Systems Inc Clearwater, FL | $8,728,312,613 | $1,143,303,420 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Orlando Health Medical Group Inc Orlando, FL | $107,082,552 | $364,756,876 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Health First Health Plans Inc Rockledge, FL | $176,410,066 | $451,804,198 |
Baptist Health Medical Group Inc Coral Gables, FL | $79,890,511 | $1,053,991,722 |
Baptist Health System Inc Jacksonville, FL | $559,102,542 | $264,640,326 |
Gulf Health Hospitals Inc Mobile, AL | $254,941,753 | $342,124,939 |
Baptist Patient Safety System Inc Memphis, TN | $1,693,307,701 | $249,640,612 |
Pasco-Pinellas Hillsborough Community Health System Inc Wesley Chapel, FL | $576,155,358 | $369,233,182 |
Health First Shared Services Inc Rockledge, FL | $1,676,572,579 | $271,514,090 |