Baycare Medical Group Inc
- Assets
- $117.7m
- Revenue
- $485.0m
- Investments
- $957.8k
- Employees
- 2,517
- Location
- Tampa, FL
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 59-3140335
Organization Overview
Baycare Medical Group Inc is located in Tampa, FL. The organization was established in 1996. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Baycare Medical Group Inc employed 2,517 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baycare 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 12/2022, Baycare Medical Group Inc generated $485.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $520.3m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 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
BAYCARE MEDICAL GROUP, INC. WILL IMPROVE THE HEALTH OF ALL WE SERVE THROUGH COMMUNITY-OWNED HEALTH CARE SERVICES THAT SET THE STANDARD FOR HIGH-QUALITY, COMPASSIONATE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYCARE MEDICAL GROUP (BMG) IS TAMPA BAY'S LEADING MULTI-SPECIALTY GROUP WITH 761 PROVIDERS PRACTICING IN 165 LOCATIONS IN 55 SPECIALTIES THROUGHOUT THE CENTRAL GULF COAST OF FLORIDA. BMG IS PART OF THE BAYCARE HEALTH SYSTEM, THE REGION'S LARGEST HEALTH CARE PROVIDER WHICH IS COMPRISED OF A NETWORK OF OUT-PATIENT FACILITIES, 16 HOSPITALS, AND SERVICES SUCH AS IMAGING, LAB, BEHAVIORAL HEALTH AND HOME HEALTH CARE. CONNECTING PATIENTS TO A COMPLETE RANGE OF PREVENTATIVE, DIAGNOSTIC AND TREATMENT SERVICES FOR ANY HEALTH CARE NEED THROUGHOUT THEIR LIFETIME IS OUR PRIORITY. BMG OFFERS ROBUST ADMINISTRATIVE SUPPORT TO GROWING PRACTICES IN A LOCATION THAT IS WORLD-RENOWNED FOR ITS SUNSHINE, SPORTS, SCHOOLS AND EXCEPTIONAL QUALITY OF LIFE. MANY BMG OFFICES HAVE BEEN AWARDED THE HIGHEST LEVEL OF RECOGNITION BY THE NATIONAL COMMITTEE OF QUALITY ASSURANCE AS A PHYSICIAN PRACTICE CONNECTIONS PATIENT-CENTERED MEDICAL HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/svp/president Baycare Medical Group | OfficerTrustee | 45 | $0 |
Name Not Listed Trustee/chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/physician Specialty | Trustee | 45 | $1,254,660 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee/physician Primary Care | Trustee | 45 | $349,839 |
Name Not Listed Trustee/physician Primary Care | Trustee | 45 | $515,799 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arthur J Gallagher Risk Management Services Inc Management Services | 12/30/22 | $7,987,249 |
Bay Area Chest Physicians Pa Medical Services | 12/30/22 | $7,385,983 |
Locumtenens Com Llc Physician Staffing | 12/30/22 | $2,651,167 |
Respiratory Specialists Pl Physician Services | 12/30/22 | $2,095,042 |
Clearwater Surgical Assoc Surgical Services | 12/30/22 | $1,900,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,400 |
| Total Program Service Revenue | $461,037,503 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,112 |
| Net Gain/Loss on Asset Sales | $58,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $485,042,935 |
| 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. | $4,717,558 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,820,335 |
| Pension plan accruals and contributions | $9,948,085 |
| Other employee benefits | $19,684,921 |
| Payroll taxes | $15,131,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,665 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,778,015 |
| Advertising and promotion | $5,199 |
| Office expenses | $3,278,620 |
| Information technology | $465,047 |
| Royalties | $0 |
| Occupancy | $20,520,074 |
| Travel | $161,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,296,854 |
| Insurance | $7,112,550 |
| All other expenses | $0 |
| Total functional expenses | $520,279,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,898,333 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $992,341 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,758,336 |
| Net Land, buildings, and equipment | $77,864,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $957,830 |
| Investments—program-related | $0 |
| Intangible assets | $4,129,163 |
| Other assets | $127,118 |
| Total assets | $117,740,652 |
| Accounts payable and accrued expenses | $65,930,204 |
| Grants payable | $0 |
| Deferred revenue | $5,051 |
| 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 | $64,789,070 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $491,713,808 |
| Total liabilities | $622,438,133 |
| Net assets without donor restrictions | -$504,697,481 |
| 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 | $117,740,652 |