VESTAL, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UNITED MEDICAL ASSOCIATES PC, founded in 1991, is a major nonprofit in the Health Care sector that reported $143.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $171.1M exceeded revenue, resulting in a 19% operating deficit.
UNITED MEDICAL ASSOCIATES, PC (UMA) IS A BROOME COUNTY BASED NOT-FOR-PROFIT PHYSICIAN GROUP PRACTICE. UMA PROVIDES THE HIGHEST QUALITY OF HEALTH CARE AND MEDICAL SERVICES TO RESIDENTS OF THE SOUTHERN TIER AND SURROUNDING AREAS. UNITED MEDICAL ASSOCIATES UNIQUELY SERVICES THE MEDICAL PRACTICE NEEDS OF THE UHS HEALTHCARE SYSTEM. OUR MISSION IS TO IMPROVE THE HEALTH STATUS OF THE COMMUNITY BY PROVIDING EASILY ACCESSIBLE PROVIDER SERVICES, SUPPORT FOR TEACHING, MEETING THE REQUIREMENTS NECESSARY FOR RESEARCH AND MEDICAL ADMINISTRATION AND BY PARTICIPATING IN AN INTEGRATED CONTINUUM OF CARE THAT IMPROVES THE PATIENT'S EXPERIENCE AND THE QUALITY OF THE HEALTH SERVICES OUTCOME.
CONTINUATION OF ABOVE (14) UMA PROVIDERS PROVIDE DIAGNOSTIC AND TREATMENT SERVICES FOR HIV AND HCV PATIENTS. (15) UMA PROVIDER STAFFED A28 VIRTUAL URGENT CARE CENTER IS THE FIRST HOSPITAL-BASED...
CONTINUATION OF ABOVE (14) UMA PROVIDERS PROVIDE DIAGNOSTIC AND TREATMENT SERVICES FOR HIV AND HCV PATIENTS. (15) UMA PROVIDER STAFFED A28 VIRTUAL URGENT CARE CENTER IS THE FIRST HOSPITAL-BASED CONSUMER-TO-PROVIDER PROGRAM TO ACHIEVE NATIONAL ACCREDITATION. (16) UMA PROVIDERS DELIVER CARE VIA VIRTUAL HEALTH (TELEHEALTH) ON 18,063 PATIENT ENCOUNTERS IN 2023. VIRTUAL HEALTH ENCOUNTERS INCREASE ACCESS TO CARE FOR PATIENTS WITH BARRIERS TO CARE SUCH AS TRANSPORTATION, WORK SCHEDULE CONFLICTS, AND/OR FEAR OF CONTAGION FROM BEING SEEN IN-PERSON AT THE PRACTICE. (17) IN CONJUNCTION WITH OUR LOCAL HEALTH DEPARTMENT, WE COORDINATE VACCINE ADMINISTRATION CLINICS FOR CHILDREN IN NEED OF IMMUNIZATIONS IN ORDER FOR THEM TO MEET NYS REQUIREMENTS FOR ATTENDANCE IN PUBLIC AND PRIVATE SCHOOLS. (18) SINCE THE ONSET OF THE COVID-19 PANDEMIC UMA PROVIDERS HAVE PARTICIPATED IN THE ADMINISTRATION OF TESTS AS WELL AS INPATIENT AND OUTPATIENT CARE. FOR THE YEAR 2023, 42,845 CORONAVIRUS TESTS WERE ADMINISTERED AND DIRECT INPATIENT AND OUTPATIENT CARE WAS PROVIDED TO 3,215 PATIENTS. THE VALUE SERVICES PROVIDED TO THE COMMUNITY CAN BE CATALOGUED AS FOLLOWS: (1) UMA PROVIDERS ARE VERY MUCH INVOLVED IN MEDICAL AND PHARMACEUTICAL RESEARCH ACTIVITIES, WHICH ENHANCE THE FIELD OF KNOWLEDGE IN MEDICAL DISCIPLINES. THESE PROGRAMS ARE ALSO ABLE TO OFFER CARE TO PATIENTS WHO MAY BE UNABLE TO RECEIVE CARE UNDER NORMAL CIRCUMSTANCES. THIS RESEARCH ALSO HELPS PHYSICIANS TO KEEP UP TO DATE WITH NEW DEVELOPMENTS WITHIN THEIR DISCIPLINES AND OFFERS INCREASED OPPORTUNITIES FOR CROSS-EDUCATION ACTIVITIES FOR THEM. (2) UMA PROVIDERS STAFF COMMUNITY BENEFIT PROGRAMS IN THE FORM OF EDUCATING STUDENT INTERNS FROM BROOME COMMUNITY COLLEGE, OTHER LOCAL TEACHING INSTITUTIONS AND THE ALBANY COLLEGE OF PHARMACY. THESE INDIVIDUALS ARE PLACED WITHIN THE PRACTICE SETTING TO RECEIVE THEIR PRACTICUM EXPERIENCE ALONG SIDE PHYSICIANS AND OTHER LIKE PROFESSIONALS IN THE DISCIPLINE THEY ARE SEEKING. (3) UMA PHYSICIANS PARTICIPATE IN THE HANDS-ON TRAINING OFFERED TO PHYSICIAN EXTENDERS SUCH AS NURSE PRACTITIONERS AND/OR PHYSICIAN ASSISTANTS. STUDENTS TYPICALLY ARE IDENTIFIED FROM PROGRAMS WITHIN A 100 MILE RADIUS OF BINGHAMTON, NEW YORK. FINANCIALLY MEASURED COMMUNITY SERVICES, IN ADDITION TO THE ABOVE BENEFITS, UMA PROVIDED THE FOLLOWING BENEFITS TO THE COMMUNITY: (1) ACCEPTED ASSIGNMENTS FROM THE MEDICARE PROGRAM (VALUE OF THE DIFFERENCE BETWEEN ESTABLISHED CHARGE AND FEE SCHEDULE) $15,096,692. (2) ACCEPTED ASSIGNMENTS FROM THE MEDICAID PROGRAM (VALUE OF THE DIFFERENCE BETWEEN ESTABLISHED CHARGE AND FEE SCHEDULE) $1,181,670. (3) WROTE OFF THE BALANCES FOR THE UNCOMPENSATED PATIENT CARE $642,017. (4) REAL ESTATE TAX PAYMENTS MADE $55,896. TOTAL COMMUNITY BENEFIT WAS $16,976,275.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $143,323,133 | $130,285,595 | +0.1% |
| Expenses | $171,120,581 | $153,682,433 | +0.1% |
| Net Income | $-27,797,448 | $-23,396,838 | +0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LEONARD ANDERSON MD | BOARD MEMBER | 57.00 |
Director
|
$765,283 | $94,270 | $859,553 |
| ELIZABETH ROSATO MD | BOARD MEMBER | 57.00 |
Director
|
$229,908 | $40,864 | $270,772 |
| OLAYINKA WILHELM MD | BOARD MEMBER | 57.00 |
Director
|
$287,872 | $53,803 | $341,675 |
| ANDREA HOAG DO TO 7623 | BOARD MEMBER/SECRETARY | 57.00 |
Officer
Director
|
$149,311 | $22,099 | $171,410 |
| JEFFREY GRAY MD | BOARD MEMBER | 57.00 |
Director
|
$726,975 | $55,246 | $782,221 |
| THOMAS GENESE MD TO 9923 | BOARD MEMBER | 57.00 |
Director
|
$182,360 | $32,596 | $214,956 |
| MATTHEW BENNETT MD | BOARD MEMBER/VICE CHAIRMAN | 57.00 |
Officer
Director
|
$1,036,608 | $54,211 | $1,090,819 |
| MARY DEGUARDI MD | BOARD MEMBER | 57.00 |
Director
|
$240,156 | $11,088 | $251,244 |
| ANN TENG DO | BOARD MEMBER/CHAIRMAN | 57.00 |
Officer
Director
|
$324,167 | $31,249 | $355,416 |
| ANTHONY CONSOLAZIO MD | BOARD MEMBER | 57.00 |
Director
|
$273,788 | $57,749 | $331,537 |
| ZACHARY JONES MD | BOARD MEMBER | 57.00 |
Director
|
$546,480 | $17,526 | $564,006 |
| DANIELLE DONLIN | SR VP PHYSICIAN | 55.00 |
Officer
|
$317,668 | $40,403 | $358,071 |
| ALAN MILLER MD | UMA PRESIDENT | 55.00 |
Officer
|
$610,060 | $25,441 | $635,501 |
| HENDA BOUALI MD | ASSOCIATE MEDICAL DIRECTOR | 55.00 |
Key Emp
|
$384,685 | $66,701 | $451,386 |
| HILA AMINE MD | ASSOCIATE MEDICAL DIRECTOR | 55.00 |
Key Emp
|
$611,250 | $21,486 | $632,736 |
| DAVID KWIATKOWSKI MD | MEDICAL DIRECTOR | 55.00 |
Key Emp
|
$360,142 | $56,894 | $417,036 |
| KHALID SETHI MD | NEUROSURGERY | 55.00 |
Highest
|
$1,784,425 | $45,573 | $1,829,998 |
| HISHAM KASHOU MD | CARDIOLOGIST | 55.00 |
Highest
|
$1,012,373 | $104,965 | $1,117,338 |
| VARUN REDDY MD | NEURO INTERVENTIONAL SURGE | 55.00 |
Highest
|
$1,232,862 | $43,828 | $1,276,690 |
| DAVID GALLAGHER MD | ORTHOPEDIST | 55.00 |
Highest
|
$1,349,934 | $116,261 | $1,466,195 |
| LAWRENCE WIESNER MD | ORTHOPEDIST | 55.00 |
Highest
|
$1,168,288 | $124,877 | $1,293,165 |
| WADIH DIAB MD | FORMER ASSOCIATE MEDICAL DIRECTOR | 55.00 |
|
$199,992 | $31,135 | $231,127 |
| JOHN GIANNONE MD | FORMER ASSOCIATE MEDICAL DIRECTOR | 55.00 |
|
$139,316 | $10,289 | $149,605 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $143,323,133 | $171,120,581 | $20,888,432 | $-27,797,448 |
| 2022 | $130,285,595 | $153,682,433 | $16,457,706 | $-23,396,838 |
| 2021 | $134,598,933 | $149,481,928 | $19,774,903 | $-14,882,995 |
| 2020 | $140,680,581 | $149,212,505 | $22,227,014 | $-8,531,924 |
| 2019 | $132,422,849 | $151,698,332 | $14,237,819 | $-19,275,483 |
| 2018 | $130,409,968 | $139,237,136 | $14,078,517 | $-8,827,168 |
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