Medhealth
- Assets
- $353.7m
- Revenue
- $137.9m
- Investments
- $14.9m
- Employees
- 1,196
- Location
- Dallas, TX
- Founding
- 11/2001
- Data as of
- 09/2023
- EIN
- 75-2896138
Organization Overview
Medhealth, operating under the name Methodist Medical Group, is located in Dallas, TX. The organization was established in 2001. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 09/2023, Methodist Medical Group employed 1,196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Medical 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 09/2023, Methodist Medical Group generated $137.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $225.4m during the year ending 09/2023. While expenses have increased by 13.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHYSICIAN SERVICES TO SUPPORT METHODIST HOSPITALS OF DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDHEALTH IS A TEXAS NON-PROFIT AND TAX-EXEMPT 501(C)(3) ORGANIZATION SUPPORTING THE METHODIST HOSPITALS OF DALLAS (MHD) MISSION OF PROVIDING MEDICAL SERVICES TO THE POPULATION IN ITS SERVICE AREA. MEDHEALTH EMPLOYS OVER 290 PROVIDERS IN PRIMARY AND SPECIALTY CARE IN 70 LOCATIONS ACROSS THE DFW METROPLEX. MEDHEALTH'S THIRTY (30) PRIMARY CARE FACILITIES HAD OVER 241,416 PATIENT ENCOUNTERS IN FISCAL YEAR 2023. IT EMPLOYS SPECIALISTS IN THE FIELDS OF NEUROSURGERY, OTOLARYNGOLOGY, ORTHOPEDIC, GASTROENTEROLOGY, MEDICAL AND RADIATION ONCOLOGY, BREAST SURGERY,GENERAL SURGERY AND CARDIOLOGY. IN ADDITION, MEDHEALTH EMPLOYS THE GENERAL TRAUMA AND ORTHOPEDIC TRAUMA SURGEONS WHO STAFF THE EMERGENCY DEPARTMENT AT METHODIST DALLAS MEDICAL CENTER. IN THIS CAPACITY, THEY CARE FOR THE CHARITABLE AND NON-INSURED PATIENTS THAT PRESENT AT THAT FACILITY. TRUE TO THE MISSION OF METHODIST HEALTH SYSTEM, OUR EMPLOYEES AND PROVIDERS WILL WORK TO IMPROVE AND SAVE LIVES THROUGH COMPASSIONATE QUALITY HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Compliance Officer, Treasurer And CFO | OfficerTrustee | 40 | $279,820 |
Name Not Listed President | OfficerTrustee | 20 | $0 |
Name Not Listed Director | Trustee | 40 | $1,177,455 |
Name Not Listed Director | Trustee | 40 | $304,277 |
Name Not Listed Director | Trustee | 40 | $405,761 |
Name Not Listed Director (through Oct 2022) | Trustee | 40 | $368,408 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excite Health Partners Medical Services | 9/29/23 | $523,086 |
David Ruiz Bello Md Consulting Services | 9/29/23 | $332,455 |
Palm Careers Llcpalm Health Resources Medical Services | 9/29/23 | $568,077 |
Medix Staffing Solutions Inc Consulting Services | 9/29/23 | $299,357 |
Dallas Renal Group Medical Services | 9/29/23 | $239,747 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $137,916,173 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,916,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,750 |
| 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. | $7,241,233 |
| Compensation of current officers, directors, key employees. | $973,528 |
| Compensation to disqualified persons | $5,525,218 |
| Other salaries and wages | $140,299,339 |
| Pension plan accruals and contributions | $3,993,561 |
| Other employee benefits | $7,024,724 |
| Payroll taxes | $7,098,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,807,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,898,382 |
| Advertising and promotion | $0 |
| Office expenses | $6,023,620 |
| Information technology | $2,012,315 |
| Royalties | $0 |
| Occupancy | $11,789,822 |
| Travel | $297,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,898 |
| Interest | $82,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,737,908 |
| Insurance | $2,382,820 |
| All other expenses | $61,147 |
| Total functional expenses | $225,382,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,591,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $566,320 |
| Prepaid expenses and deferred charges | $1,293,508 |
| Net Land, buildings, and equipment | $21,174,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,932,725 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $306,107,753 |
| Total assets | $353,736,282 |
| Accounts payable and accrued expenses | $29,091,041 |
| Grants payable | $0 |
| Deferred revenue | $264,258 |
| 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 | $796,014,928 |
| Total liabilities | $825,370,227 |
| Net assets without donor restrictions | -$471,633,945 |
| 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 | $353,736,282 |
Grants Awarded
Over the last fiscal year, Medhealth has awarded $23,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR'S GIFT FOUNDATION PURPOSE: Community Outreach | $10,000 |
TEXAS SOCIETY OF GASTROENTEROLOGY AND ENDOSCOPY PURPOSE: Community Outreach | $8,000 |
TEXAS TRANSPLANT SOCIETY PURPOSE: Community Outreach | $5,750 |