Texas Health Physicians Group
- Assets
- $250.5m
- Revenue
- $552.8m
- Investments
- $0.0
- Employees
- 4,515
- Location
- Dallas, TX
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 75-2613493
Organization Overview
Texas Health Physicians Group is located in Dallas, TX. The organization was established in 2007. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2022, Texas Health Physicians Group employed 4,515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Health Physicians 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 12/2022, Texas Health Physicians Group generated $552.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $813.9m during the year ending 12/2022. While expenses have increased by 4.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A FAITH-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES IT SERVES, REGARLESS OF THIER ABILITY TO PAY.
Describe the Organization's Program Activity:
TEXAS HEALTH PHYSICIANS GROUP (THPG) IS A MEMBER OF TEXAS HEALTH RESOURCES (THR) A LARGE HEALTHCARE SYSTEM LOCATED IN NORTH TEXAS. THPG HAS A PROVIDER NETWORK WHICH IS MADE UP OF MORE THAN 1,100 PRIMARY CARE PHYSICIANS, SPECIALISTS, HOSPITALISTS, AND ADVANCED PRACTICE PROVIDERS DEDICATED TO PROVIDING SAFE, QUALITY CARE FOR PATIENTS. THE THPG PROVIDER NETWORK, ALONG WITH THE HOSPITAL SYSTEM OF THR ALLOWS THE COMMUNITIES IN NORTH TEXAS THE OPPORTUNITY FOR ACCESS TO UNPARALLELED HEALTHCARE COVERAGE. THPG PHYSICIANS BEGIN THE HEALTHCARE JOURNEY BY CARING FOR THE COMMUNITY BEFORE THEY EVER BECOME HOSPITAL PATIENTS. WITH MORE THAN 240 PHYSICIAN OFFICES COVERING APPROXIMATELY 6,500 SQUARE MILES, THPG PHYSICIANS ARE ABLE TO PROVIDE CARE TO PATIENTS ACROSS NORTH TEXAS DURING EVERY STAGE OF LIFE. THROUGH PROVIDING CARE OUTSIDE THE ACUTE CARE SETTING, THPG PHYSICIANS ARE ABLE TO REACH OUT TO PEOPLE WHO ARE OTHERWISE HEALTHY AND BEGIN ENGAGING THEIR LIFESTYLES; AND FOR PATIENTS WITH MODEST ILLNESSES, BEGIN ENGAGING PREVENTION MEASURES. THERE WERE APPROXIMATELY 1,800,000 OFFICE VISITS IN THESE PHYSICIAN OFFICES. IN ADDITION TO PHYSICIAN OFFICES, THPG PROVIDES HOSPITAL PHYSICIAN SERVICES TO HOSPITALS WITHIN THE THR SYSTEM. THESE HOSPITAL PHYSICIANS PROMOTE ACCESS AND PROVIDE CARE TO PATIENTS WHO REQUIRE ADMISSION TO THR HOSPITALS. DURING 2022, THPG PHYSICIANS RECORDED APPROXIMATELY 658,000 INPATIENT VISITS FOR PATIENTS WITHIN THR FACILITIES. THPG PROVIDERS ALSO PERFORMED 202,700 VIRTUAL VISITS IN 2022. THPG HAS CLINICAL AFFILIATIONS WITH CVS AND DISPATCH HEALTH IN NORTH TEXAS TO PROVIDE CONSUMERS GREATER ACCESS TO QUALITY PRIMARY CARE THAT IS CONVENIENT AND AFFORDABLE. THPG'S PHYSICIANS ALSO PLAY A LARGE ROLE IN THE LEADERSHIP OF CARE FOR EACH OF THE THR FACILITIES. POSITIONS HELD INCLUDE MEDICAL STAFF LEADERSHIP, SERVICE LINE PROGRAM LEADERSHIP, AND MEDICAL DIRECTORSHIPS. THPG IS ALSO REPRESENTED HEAVILY THROUGH PROVIDER PARTICIPATION IN THR AD HOC COMMITTEES THAT INITIATE AND IMPLEMENT HEALTH PROGRAM INITIATIVES. THPG PROVIDERS AND OFFICE STAFF ARE INVOLVED IN COMMUNITY OUTREACH IN MANY AREAS. THEY ALSO PARTICIPATE IN VARIOUS HEALTH FAIRS AND FREE CLINICS IN THE COMMUNITIES THEY SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajayiolaide O Phys Practice | 40 | $1,903,340 | |
Ooiyinn Cher Phys Practice | 40 | $1,641,818 | |
Wongcyrus Chi-Ho Phys Practice | 40 | $1,641,302 | |
Mcwhorterricky E Former Officer | 0 | $0 | |
Hillbrandon Phys Practice | 40 | $1,579,654 | |
Badheyneeraj Phys Practice | 40 | $1,542,892 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Optuminsight Inc Business Services | 12/30/22 | $42,765,265 |
Texas Health Resources Management Services | 12/30/22 | $74,915,222 |
Dispatch Health Llc Phys Interpretation | 12/30/22 | $3,879,208 |
Medicus Locum Services Contract Labor | 12/30/22 | $2,722,324 |
Supplemental Health Care Svc Contract Labor | 12/30/22 | $1,458,945 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,650 |
| Government grants | $3,518,800 |
| 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 | $3,523,450 |
| Total Program Service Revenue | $547,844,386 |
| Investment income | $169,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $394,100 |
| Net Gain/Loss on Asset Sales | -$137,698 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,831,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $9,334,165 |
| Compensation of current officers, directors, key employees. | $2,009,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $468,062,468 |
| Pension plan accruals and contributions | $13,726,585 |
| Other employee benefits | $36,678,581 |
| Payroll taxes | $23,735,630 |
| Fees for services: Management | $80,026,378 |
| Fees for services: Legal | $17,229 |
| Fees for services: Accounting | $180,300 |
| Fees for services: Lobbying | $1,995 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,408,306 |
| Advertising and promotion | $4,848,900 |
| Office expenses | $8,412,776 |
| Information technology | $3,078,405 |
| Royalties | $0 |
| Occupancy | $43,508,285 |
| Travel | $1,860,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,929,142 |
| Insurance | $9,519,122 |
| All other expenses | $2,986,114 |
| Total functional expenses | $813,928,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,917,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,202,454 |
| Prepaid expenses and deferred charges | $320,277 |
| Net Land, buildings, and equipment | $39,370,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $91,104,766 |
| Other assets | $76,624,981 |
| Total assets | $250,540,356 |
| Accounts payable and accrued expenses | $76,092,513 |
| Grants payable | $0 |
| Deferred revenue | $818,149 |
| 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 | $67,615,853 |
| Total liabilities | $144,526,515 |
| Net assets without donor restrictions | $106,013,841 |
| 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 | $250,540,356 |