University Medical Group Inc

Organization Overview

University Medical Group Inc is located in Portland, OR. The organization was established in 2003. According to its NTEE Classification (H02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Medical Research and related organizations. As of 06/2021, University Medical Group Inc employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University 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 06/2021, University Medical Group Inc generated $19.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $19.0m during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

UNIVERSITY MEDICAL GROUP IS ORGANIZED AND AT ALL TIMES WILL BE OPERATED FOR THE BENEFIT OF OREGON HEALTH & SCIENCE UNIVERSITY TO PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNIVERSITY MEDICAL GROUP (UMG) IS ORGANIZED AND OPERATED EXCLUSIVELY TO SUPPORT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC MISSIONS OF OREGON HEALTH & SCIENCE UNIVERSITY (OHSU). THE SOLE PURPOSE OF UMG IS TO PROVIDE A VARIETY OF SERVICES TO OHSU, INCLUDING PROFESSIONAL FEE BILLING AND COLLECTION AND REVENUE CYCLE MANAGEMENT. UMG PROVIDED BILLING AND COLLECTION SERVICES FOR 1,896 OHSU CLINICIANS DURING FY 2021.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Getixhealth Llc
Consulting Services
$813,845
Kpmg Llp
Accounting Services
$127,300
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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$19,037,309
Investment income $102
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 $19,037,411

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