Kentuckyone Health Medical Group Inc
- Assets
- $29.9m
- Revenue
- $77.4m
- Investments
- $0.0
- Employees
- 1,095
- Location
- Lexington, KY
- Founding
- 11/2001
- Data as of
- 06/2023
- EIN
- 61-1352729
Organization Overview
Kentuckyone Health Medical Group Inc is located in Lexington, KY. The organization was established in 2001. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Kentuckyone Health Medical Group Inc employed 1,095 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentuckyone Health 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 06/2023, Kentuckyone Health Medical Group Inc generated $77.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $154.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KENTUCKYONE HEALTH MEDICAL GROUP, INC. ("KHMG") IS THE PHYSICIAN COMPONENT OF AN INTEGRATED HEALTHCARE DELIVERY SYSTEM. KHMG PROVIDES MEDICAL CARE THROUGH PHYSICIAN AND ADVANCED PRACTICE CLINICIAN SERVICES AT CLINIC LOCATIONS THROUGHOUT CENTRAL AND EASTERN KENTUCKY. KHMG PERFORMED APPROXIMATELY 426,881 VISITS IN FY2023.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY EXEMPT PURPOSE OF KHMG IS TO PROVIDE QUALITY MEDICAL CARE THROUGH PHYSICIAN AND ADVANCED PRACTICE CLINICIAN SERVICES AT CLINIC LOCATIONS IN THE CENTRAL AND EASTERN KENTUCKY AREA REGARDLESS OF ABILITY TO PAY. KHMG'S SOLE CORPORATE MEMBER IS KENTUCKYONE HEALTH, INC A KENTUCKY NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE CLASSIFIED AS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(2). FOR AN ORGANIZATION TO BE EXCLUDED FROM PRIVATE FOUNDATION STATUS AS AN ORGANIZATION DESCRIBED IN IRC 509(A)(2), IT MUST NORMALLY RECEIVE MORE THAN ONE-THIRD OF ITS SUPPORT FROM ANY COMBINATION OF GIFTS, GRANTS, CONTRIBUTIONS, MEMBERSHIP FEES, AND GROSS RECEIPTS FROM PERMITTED SOURCES, AND NOT MORE THAN ONE-THIRD OF ITS SUPPORT FROM GROSS INVESTMENT INCOME AND THE EXCESS OF THE AMOUNT OF UNRELATED BUSINESS TAXABLE INCOME OVER THE AMOUNT OF TAXES IMPOSED BY IRC 511. KHMG PROVIDES CONVENIENT, HIGH QUALITY CARE AND PREVENTATIVE HEALTH SERVICES. SOME OF THE KHMG OFFICES ARE LOCATED IN ECONOMICALLY DEPRESSED AREAS ALLOWING THE PRACTICE TO SERVICE A POPULATION UNABLE TO MEET ITS FINANCIAL OBLIGATION FOR PAYMENT OF SERVICES AND TO MAKE QUALITY HEALTHCARE ACCESSIBLE IN THESE AREAS. KHMG PROVIDES A BROAD RANGE OF MEDICAL SERVICES AT ITS CLINICS INCLUDING PRACTICE AREAS AS FOLLOWS: * CARDIOLOGY * NEUROLOGY * NEURO SURGERY* SPINE SURGERY* ORTHOPEDICS * PRIMARY CARE * OBSTETRICS AND GYNECOLOGY * GENERAL SURGERY* RHEUMATOLOGY* ENDOCRINOLOGY* PULMONOLOGY* GASTROENTEROLOGY* BEHAVIORAL HEALTH* UROLOGYKHMG PROVIDES MEDICAL SERVICES ON A NONDISCRIMINATORY BASIS TO ALL PERSONS IN THE COMMUNITY ABLE TO PAY THE COST THEREOF EITHER DIRECTLY OR THROUGH THIRD-PARTY REIMBURSEMENT, AS WELL AS TO THOSE ENROLLED IN THE MEDICARE AND MEDICAID PROGRAMS. ADDITIONALLY, KHMG PROVIDES HEALTH CARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY IN ACCORDANCE WITH KHMG'S CHARITY CARE POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nagabhushanam Bollavaram Pulmonologist Critical Care | 55 | $1,468,042 | |
Hawa Edriss Pulmonologist Critical Care | 55 | $1,296,461 | |
Vincent Depalma Orthopedist General | 55 | $1,277,630 | |
Mark Duber Orthopedist General | 55 | $1,120,060 | |
Anthony Houston Market Ceo/director | Trustee | 1 | $0 |
Kevin Magone Orthopedist General | 55 | $1,028,435 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allscripts Healthcare Llc Revenue Cycle Services | 6/29/23 | $603,804 |
Scribeamerica Llc Medical Scribes | 6/29/23 | $244,405 |
Corvus Janitorial Systems Cleaning Services | 6/29/23 | $159,548 |
Greenway Health Llc Revenue Cycle Services | 6/29/23 | $153,793 |
Lexington Medical Society Call Center Services | 6/29/23 | $118,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500 |
| Government grants | $1,745,450 |
| 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 | $1,745,950 |
| Total Program Service Revenue | $66,822,699 |
| Investment income | $68,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,900 |
| Net Gain/Loss on Asset Sales | -$30,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,358,641 |
| 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. | $2,938,268 |
| Compensation of current officers, directors, key employees. | $712,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,247,731 |
| Pension plan accruals and contributions | $3,522,092 |
| Other employee benefits | $7,991,407 |
| Payroll taxes | $4,816,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $192,116 |
| 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 | $8,472,675 |
| Advertising and promotion | $304 |
| Office expenses | $1,424,356 |
| Information technology | $4,117,804 |
| Royalties | $0 |
| Occupancy | $6,940,523 |
| Travel | $749,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,160 |
| Interest | $4,169,341 |
| Payments to affiliates | $3,248,172 |
| Depreciation, depletion, and amortization | $7,357,964 |
| Insurance | $2,267,149 |
| All other expenses | $95,112 |
| Total functional expenses | $154,874,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,471,288 |
| Loans from Officers, Directors, or Controlling Persons | $1,965 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $483,688 |
| Net Land, buildings, and equipment | $10,484,339 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,447,846 |
| Total assets | $29,895,875 |
| Accounts payable and accrued expenses | $32,590,469 |
| 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 | $14,119,728 |
| Total liabilities | $46,710,197 |
| Net assets without donor restrictions | -$16,814,322 |
| 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 | $29,895,875 |