Banner Medical Group is located in Phoenix, AZ. The organization was established in 2012. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Banner Medical Group employed 3,678 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banner 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 12/2021, Banner Medical Group generated $482.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $630.7m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST BANNER HEALTH COMPLETE ITS MISSION TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.
Describe the Organization's Program Activity:
PROVIDING INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. BANNER MEDICAL GROUP (BMG) WAS FORMED FOR THE PURPOSES OF ENABLING THE BANNER HEALTH (BH) SYSTEM TO PROVIDE INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT, THEREBY FURTHERING BANNER'S EXEMPT PURPOSES BY ENABLING IT TO PROVIDE HIGHER QUALITY, MORE EFFICIENT (AND LESS DUPLICATIVE) AND LESS EXPENSIVE HEALTHCARE FOR THE COMMUNITIES IT SERVES. BY CONSOLIDATING PROVIDER EMPLOYMENT WITHIN A SINGLE ENTITY, BMG IS ABLE TO COORDINATE AND INTEGRATE WITH BH IN ORDER TO IMPROVE TRANSPARENCY AND ACCOUNTABILITY IN THE PHYSICIAN OPERATIONS AND TO ALIGN THE PHYSICIAN OPERATIONS MORE FULLY AND CONSISTENTLY WITH THE EXEMPT PURPOSES AND OPERATIONS OF BH. THIS ALLOWS THE BH SYSTEM TO RESPOND TO CHANGES IN THE COMMUNITY HEALTHCARE SYSTEM ENCOURAGED BY THE PATIENT PROTECTION AND AFFORDABLE CARE ACT OF 2010. BMG ACTIVITIES ARE PRIMARILY FUNDED THROUGH PROFESSIONAL REVENUE EARNED THROUGH THE ACTIVITIES OF THE EMPLOYED PROVIDERS AND SUPPORT FROM BH. BMG'S EMPLOYED PROVIDERS PROVIDE THE FOLLOWING SERVICES: A. MOST OF THE PROVIDERS ARE HOUSED IN BANNER HEALTH CLINICS LOCATED THROUGHOUT THE SERVICE AREA OF BH'S ACUTE CARE HOSPITALS. THESE PROVIDERS INCLUDE PRIMARY CARE PROVIDERS AND SPECIALISTS WHO MEET THE HEALTHCARE NEEDS OF THE AREA BY PROVIDING HIGH-QUALITY HEALTHCARE IN A CONVENIENT AND PATIENT-FRIENDLY ENVIRONMENT. A NUMBER OF THESE PROVIDERS WILL EVENTUALLY BE GROUPED INTO LARGER BANNER HEALTH CENTERS WHICH WILL PROVIDE A VARIETY OF PRIMARY AND SPECIALIST PHYSICIAN SERVICES AND ANCILLARY SERVICES SUCH AS CLINICAL LABORATORY, IMAGING, PHYSICAL THERAPY, AMBULATORY SURGERY, AND OTHER SERVICES FOUND IN MULTI-SPECIALTY PHYSICIAN CLINIC SITES. B. ANOTHER GROUP OF BMG'S PROVIDERS ARE WORKING, AND WILL CONTINUE TO WORK, PRIMARILY IN BH'S ACUTE CARE HOSPITALS TO PROVIDE SPECIALTY PROCEDURE-BASED CARE, SUCH AS CARDIOLOGY, GASTROENTEROLOGY, UROLOGY, RADIOLOGY, CARDIOVASCULAR SURGERY, BARIATRIC SURGERY, ORTHOPEDIC SURGERY AND GENERAL SURGERY. THIS GROUP OF PROVIDERS ALSO INCLUDES HOSPITALISTS, WHO PROVIDE 24/7 CARE FOR PATIENTS ADMITTED TO BH'S ACUTE CARE HOSPITALS, AND INTENSIVISTS, WHO PROVIDE CARE FOR PATIENTS ADMITTED TO BH'S INTENSIVE CARE UNITS, INCLUDING INTENSIVISTS WHO ARE EMPLOYED IN BH'S E-ICU, A REMOTE ICU MONITORING SYSTEM THAT ENABLES HIGHLY TRAINED AND EXPERIENCED INTENSIVISTS HOUSED IN REMOTE MONITORING CENTERS TO OBSERVE AND MONITOR ICU PATIENTS ON A 24/7 BASIS, INCLUDING PATIENTS ADMITTED TO ICUS IN BH'S SMALLER, RURAL HOSPITALS. C. ANOTHER COMPONENT OF BMG'S PHYSICIANS ARE ALLIED HEALTH PROVIDERS WHO PROVIDE OCCUPATIONAL HEALTH SERVICES IN BH'S OCCUPATIONAL HEALTH CLINICS. THESE CLINICS PROVIDE TRADITIONAL WORKERS COMPENSATION, EMPLOYEE HEALTH EVALUATIONS AND SIMILAR SERVICES, BOTH FOR BH'S SUBSTANTIAL WORKFORCE AND FOR EMPLOYERS IN THE COMMUNITIES SERVED BY BH'S HOSPITALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Former Assistant Secretary | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Atmosphere Commercial Interior Interir Desgin & Furnishings | 12/30/21 | $1,809,980 |
Johnson And Johnson Health Care Systems Inc Medical Supplies | 12/30/21 | $1,529,842 |
Anda 28 Pharmaceuticals | 12/30/21 | $1,417,189 |
Willmeng Construction General Contractor | 12/30/21 | $1,320,640 |
Weatherby Locums Inc Medical Staffing | 12/30/21 | $668,412 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,752,104 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $140,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,892,104 |
Total Program Service Revenue | $471,322,235 |
Investment income | $703,083 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $8,102,363 |
Net Gain/Loss on Asset Sales | $5,887 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $482,025,672 |
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. | $2,246,079 |
Compensation of current officers, directors, key employees. | $112,304 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $445,593,446 |
Pension plan accruals and contributions | $8,980,117 |
Other employee benefits | $24,389,495 |
Payroll taxes | $20,966,811 |
Fees for services: Management | $0 |
Fees for services: Legal | $172,981 |
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 | $5,165,773 |
Advertising and promotion | $44,874 |
Office expenses | $2,335,516 |
Information technology | $411,297 |
Royalties | $0 |
Occupancy | $25,998,347 |
Travel | $254,318 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $4,923,077 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,703,708 |
Insurance | $7,146,094 |
All other expenses | $21,233,464 |
Total functional expenses | $630,674,350 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$3,941,611 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $30,485,335 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $17,330 |
Prepaid expenses and deferred charges | $1,796,030 |
Net Land, buildings, and equipment | $48,039,464 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,441,369 |
Investments—program-related | $0 |
Intangible assets | $20,501,448 |
Other assets | $107,798,355 |
Total assets | $206,137,720 |
Accounts payable and accrued expenses | $46,989,016 |
Grants payable | $0 |
Deferred revenue | $22,500 |
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 | $110,343,170 |
Total liabilities | $157,354,686 |
Net assets without donor restrictions | $44,761,457 |
Net assets with donor restrictions | $4,021,577 |
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 | $206,137,720 |
Over the last fiscal year, we have identified 2 grants that Banner Medical Group has recieved totaling $1,812,104.
Awarding Organization | Amount |
---|---|
Banner Health Foundation Phoenix, AZ PURPOSE: General Support | $1,752,104 |
American Society Of Clinical Oncology Alexandria, VA PURPOSE: CONTRIBUTION | $60,000 |
Organization Name | Assets | Revenue |
---|---|---|
Scripps Health Plan Services Inc San Diego, CA | $139,795,375 | $826,602,498 |
Western Health Advantage Sacramento, CA | $64,316,752 | $677,026,958 |
Banner Medical Group Phoenix, AZ | $206,137,720 | $482,025,672 |
Sutter Health Plan Sacramento, CA | $169,138,076 | $619,408,553 |
Childrens Hospital Los Angeles Medical Group Inc Los Angeles, CA | $101,677,661 | $233,357,504 |
Banner Medical Group Colorado Phoenix, AZ | $23,268,499 | $111,211,021 |
Aspire Health Plan Monterey, CA | $18,926,964 | $76,415,009 |
Aocds Medical Benefits Trust Santa Ana, CA | $48,989,840 | $75,173,933 |
Washington Township Medical Foundation Fremont, CA | $11,186,588 | $49,801,998 |
University Of Nevada School Of Med Multispecialty Group Practice Nort Reno, NV | $4,763,933 | $16,309,444 |
Pomona Community Health Center Pomona, CA | $7,919,334 | $13,089,731 |
Colorado Health Institute Denver, CO | $8,216,303 | $5,560,649 |