Musc Health Partners

Organization Overview

Musc Health Partners is located in Charleston, SC. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Musc Health Partners employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musc Health Partners 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 06/2022, Musc Health Partners generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

A SOUTH CAROLINA NONPROFIT CORPORATION FORMED FOR THE PURPOSE TO ADVANCE AND SUPPORT UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (UMA), A SOUTH CAROLINA NONPROFIT CORPORATION WHICH IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATES THE HEALTH CARE SYSTEM FACILITIES. UMA IS A PHYSICIAN PRACTICE FOR MUSC CLINICAL FACULTY THAT FACILITATES THE PROVISION OF INPATIENT AND OUTPATIENT SERVICES IN FURTHERANCE AND FOR THE BENEFIT OF MUSC. THE MAIN MUSC CAMPUS IS LOCATED IN DOWNTOWN CHARLESTON, SOUTH CAROLINA, BUTEDUCATES AND SERVES INDIVIDUALS PRIMARILY THROUGHOUT THE STATE. THE CORPORATION FACILITATES THE DEPLOYMENT OF CLINICAL RESOURCES INTO COMMUNITIES OUTSIDE OF THE CHARLESTON MAIN CAMPUS OF THE HEALTH SYSTEM. THE CORPORATION ACCOMPLISHES THIS OBJECTIVE PRIMARILY THROUGH ITS OWNERSHIP AND MANAGEMENT OF CAROLINA PRIMARY CARE PHYSICIANS, LLC (CPCP), A SOUTH CAROLINA LIMITED LIABILITY COMPANY WHICH HAS ELECTED TO BE TAXED AS A CORPORATION. A COPY OF THE CPCP OPERATING AGREEMENT ISATTACHED AS EXHIBIT 1. CPCP IS A MANAGER-MANAGED LIMITED LIABILITY COMPANY. THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION AND THE CHIEF PHYSICIAN EXECUTIVE OF UMA ARE THE MANAGERS. THE CORPORATION IS THE SOLE MEMBER OF CPCP.CPCP EMPLOYS CLINICAL AND ADMINISTRATIVE STAFF. CPCP EMPLOYEES PROVIDEPROFESSIONAL SERVICES TO CAROLINA FAMILY CARE, INC.(CFC), A SOUTHCAROLINA CORPORATION. CFC OPERATES APPROXIMATELY 66 MEDICAL CLINICSLOCATED IN CHARLESTON, FLORENCE, AND LANCASTER SOUTH CAROLINA. CFC ISOWNED BY UMA. THE CORPORATION PROVIDES MANAGEMENT SERVICES TO CPCP. THECORPORATIONS OWNERSHIP AND MANAGEMENT OF CPCP AND CPCPS EMPLOYMENT OFPHYSICIANS AND STAFF ALLOWS PHYSICIANS TO BE EMPLOYED ON TERMS ANDCONDITIONS THAT WOULD NOT OTHERWISE BE AVAILABLE IF THE PHYSICIANS ANDSTAFF WERE EMPLOYED DIRECTLY BY UMA. THE FLEXIBILITY TO OFFER DIFFERINGTERMS AND CONDITIONS OF EMPLOYMENT FACILITATES THE ABILITY OF UMA ANDCFC TO PROVIDE COMMUNITY MEDICAL SERVICES IN A COST-EFFECTIVE MANNERTHAT IS NOT BURDENED BY THE REQUIREMENTS APPLICABLE TO AN ACADEMICHEALTH SYSTEM. CFC CONTRACTS WITH THE CORPORATION TO PROVIDE MANAGEMENTSERVICES. THE CORPORATION IN TURN SUBCONTRACTS WITH UMA AND, IN SOMEINSTANCES, MUHA TO PROVIDE A PORTION OF THE MANAGEMENT SERVICES.IN ADDITION TO THE FORGOING, THE CORPORATION PROVIDES PROFESSIONALSERVICES BY AND THROUGH EMPLOYED PHYSICIANS. PROFESSIONAL SERVICES AREPROVIDED TO GEORGETOWN RADIATION THERAPY CENTER, A JOINT VENTURE OWNEDBY GEORGETOWN HOSPITAL SYSTEM AND UMA, AND TIDELANDS NEUROSCIENCES, ANEUROSURGERY PRACTICE IN THE GEORGETOWN COUNTY AREA DEVELOPED BY THECORPORATION, GEORGETOWN HOSPITAL SYSTEM, AND WACCAMAW COMMUNITYHOSPITAL.


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Board, Officers & Key Employees

Name (title)Compensation
Matt Severance
Director
$0
Gene Hong MD
CEO
$0
Andrew Eiseman MD
Treasurer
$0
Terrence Steyer MD
President
$0
Susan Ackerman MD
Director
$0
John Mcdonald MD
Director
$0

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$3,479,137
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,484,423

Peer Organizations

Organization NameAssets
Houston Healthcare System Inc
Warner Robins, GA
$10,479,781
North Carolina Agricultural Foundation Inc
Raleigh, NC
$20,780,071
Trustees Of Medical Services Of Am Inc Empl Health Ben Plan 6 Tr
Lexington, SC
$14,188,531
Foundation Of Firsthealth Inc
Pinehurst, NC
$10,335,371
Medical Society Of S C
Charleston, SC
$46,820,067
Conway Hospital Emergency Professional Services
Conway, SC
$5,283,471
Moses Cone-Wesley Long Community Health Foundation Inc
Greensboro, NC
-$6,773,086
Northern Surry Foundation For Better Health Inc
Mount Airy, NC
$20,339,359
Caromont Health Inc
Gastonia, NC
$61,469,914
Cem Health And Welfare Benefit Trust
Matthews, NC
$4,813,358
Carolina Medicorp Enterprises Llc
Winston Salem, NC
$4,224,741
Forsyth Medical Center Foundation
Winston Salem, NC
$6,515,248
Bon Secours - St Francis Health System Foundation Inc Foundation Inc
Greenville, SC
$1,348,527
Mercy Care Foundation Inc
Atlanta, GA
$8,185,531
Athens Regional Health Services Inc
Athens, GA
$5,750,917
East Carolina University Medical & Health Sciences Foundation Inc
Greenville, NC
$5,234,264
Musc Health
Charleston, SC
$3,989,748
Conway Hospital Anesthesia Professional Services
Conway, SC
$0
Lexington Medical Center Foundation Inc
West Columbia, SC
$11,623,572
The Northside Hospital Foundation Inc
Atlanta, GA
$4,726,806
Musc Health Partners
Charleston, SC
$3,484,423
Duke Affiliations Network Inc
Durham, NC
$2,674,589
Anmed Health Foundation
Anderson, SC
$2,645,842
High Point Regional Health Foundation
High Point, NC
$5,260,884
Authoracare Foundation
Greensboro, NC
$4,488,017

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