GALENA, IL
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Sign In — Free (10 views/day)MIDWEST MEDICAL CENTER, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $44.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $41.8M left a modest 6% surplus.
MIDWEST MEDICAL CENTER, INCLUDING THE GALENA-STAUSS SENIOR CARE COMMUNITY, WILL PROVIDE TO THE MEMBERS OF THE COMMUNITY CARING, COMPETENT, AND COST EFFECTIVE HEALTHCARE.
MIDWEST MEDICAL CENTER OWNS AND OPERATES A 25-BED CRITICAL ACCESS HOSPITAL AND LEADS IN THE DELIVERY OF HEALTHCARE SERVICES TO ITS REGION WITH OVER 280 ASSOCIATES, INCLUDING 40 PHYSICIANS AND FOUR...
MIDWEST MEDICAL CENTER OWNS AND OPERATES A 25-BED CRITICAL ACCESS HOSPITAL AND LEADS IN THE DELIVERY OF HEALTHCARE SERVICES TO ITS REGION WITH OVER 280 ASSOCIATES, INCLUDING 40 PHYSICIANS AND FOUR MID-LEVEL PRACTITIONERS, WHICH COORDINATE PATIENT CARE AS AN INTEGRATED UNIT. THE HOSPITAL AND ITS ASSOCIATES WORK SEAMLESSLY TO MEET THE NEEDS OF THE COMMUNITIES THEY SERVE. THE ACCOMPLISHMENTS WHICH FOLLOW ARE ATTRIBUTABLE TO THE HOSPITAL AND ALL OF ITS DEPARTMENTS AS A WHOLE. THE HOSPITAL IS A NON-PROFIT CORPORATION PROVIDING HEALTHCARE AND RESIDENTIAL SERVICES IN GALENA, ILLINOIS, AND NEIGHBORING COMMUNITIES. ALL OF THESE SERVICES ARE OFFERED UNDER THE MISSION OF THE ORGANIZATION, WHICH STATES THAT "MIDWEST MEDICAL CENTER, INCLUDING THE GALENA-STAUSS SENIOR CARE COMMUNITY, WILL PROVIDE TO THE MEMBERS OF THE COMMUNITY CARING, COMPETENT, AND COST EFFECTIVE HEALTHCARE." IN FISCAL YEAR 2024, THE HOSPITAL PROVIDED 928 ACUTE INPATIENT DAYS, 1,696 SWING BED DAYS, 4,887 EMERGENCY ROOM VISITS, 10,026 RADIOLOGY SERVICES, 127,233 LABORATORY TESTS, 46,934 PHYSICAL THERAPY TREATMENTS, AND 807 SURGICAL PROCEDURES AMONG MANY OF THE PATIENT SERVICES PROVIDED DURING THE YEAR.OUR SERVICES INCREASED AGAIN IN 2024 WHICH INCREASED PATIENT AND REVENUE GROWTH. IN JANUARY 2024 WE HIRED A FULL-TIME ORTHOPEDIC SURGEON AND IN THE FIRST NINE MONTHS AT MMC HE COMPLETED 124 SURGICAL CASES AND HAD 796 CLINIC VISITS. IN AUGUST 2024 WE HIRED A FULL TIME UROLOGIST AND HE COMPLETED 4 SURGERIES AND 72 CLINIC VISITS BY 09/30. IN JULY 2024 WE HIRED A FULL TIME RHEUMATOLOGIST AND HAD 118 CLINIC VISITS BY THE END OF THE FISCAL YEAR. HE DOES NOT DO SURGICAL CASES BUT INSTEAD DOES INFUSION/INJECTION TREATMENTS FOR HIS PATIENTS.
MIDWEST MEDICAL CENTER ALSO OPERATES TWO PHYSICIAN CLINICS KNOWN AS MIDWEST HEALTH CLINIC, ONE LOCATED IN GALENA, IL AND ONE LOCATED IN ELIZABETH, IL. THE CARE PROVIDED IN THE MIDWEST HEALTH CLINICS...
MIDWEST MEDICAL CENTER ALSO OPERATES TWO PHYSICIAN CLINICS KNOWN AS MIDWEST HEALTH CLINIC, ONE LOCATED IN GALENA, IL AND ONE LOCATED IN ELIZABETH, IL. THE CARE PROVIDED IN THE MIDWEST HEALTH CLINICS ARE COORDINATED WITH THE CARE OF MIDWEST MEDICAL CENTER'S HOSPITAL IN AN EFFORT TO CONTINUE TO PROVIDE LOW COST AND HIGH QUALITY PATIENT CARE FOR THE RESIDENTS OF GALENA AND ELIZABETH, IL AND THE SURROUNDING AREAS. THE HEALTH CLINICS OPERATES AS A PROVIDER-BASED RURAL HEALTH CLINIC TO MIDWEST MEDICAL CENTER'S HOSPITAL AND THE PRACTICE IS MADE UP OF FOUR FAMILY PRACTICE PHYSICIANS, AN INTERNAL MEDICINE PHYSICIAN, AND THREE MID-LEVEL PRACTITIONERS. ADDITIONAL SERVICES ARE ALSO PROVIDED IN THE CLINIC BY OUTREACH DOCTORS THAT PROVIDE SERVICES ON A LIMITED BASIS IN THE AREAS OF ORTHOPEDIC SURGERY, GENERAL SURGERY, AND OPHTHALMOLOGY. THE CLINIC PROVIDERS ALSO ENGAGE IN MANY ACTIVITIES WHICH PROMOTE THE WELL-BEING OF THE COMMUNITY AND PROVIDE HEALTH EDUCATION TO THE COMMUNITY. AN EXAMPLE OF THESE SERVICES IS DR. WELLS, DR. HARMSTON, DR. MATT GULLONE, DR. RICHARD FARRELL, AND DANIELLE SEEGMILLER PROVIDE EDUCATIONAL EXPERIENCES AND TRAINING TO MEDICAL STUDENTS, NURSE PRACTITIONERS AND PHYSICIAN ASSISTANTS AT MIDWEST HEALTH CLINIC FOR THOSE STUDENTS INTERESTED IN LEARNING ABOUT RURAL MEDICINE. ANOTHER EXAMPLE IS DR. MATT GULLONE, WHO SPECIALIZES IN SPORTS MEDICINE AND PROVIDES FREE CARE TO LOCAL ATHLETES DURING SPORTING EVENTS. THE CLINIC HAS ALSO BEEN VERY ACTIVE IN PROMOTING ANNUAL WELLNESS VISITS TO MEDICARE PATIENTS AND PROVIDING CHRONIC AND WOUND CARE MANAGEMENT. MIDWEST MEDICAL CENTER PARTICIPATES IN THE ILLINOIS RURAL COMMUNITY CARE ORGANIZATION (IRCCO), WHICH IS AN ACCOUNTABLE CARE ORGANIZATION (ACO). IRCCO IS A GROUP OF PHYSICIANS, HOSPITALS, AND CLINICS WHO VOLUNTARILY WORK TOGETHER WITH MEDICARE TO PROVIDE HIGH-QUALITY SERVICES AND COORDINATED CARE TO OUR MEDICARE PATIENTS THROUGH THE MEDICARE SHARED SAVINGS PROGRAM (MSSP). THE IRCCO MISSION IS TO: 1. IMPROVE THE HEALTH OF THE INDIVIDUAL SEEKING CARE AND SERVICES2. IMPROVE THE OVERALL HEALTH OF THE RURAL POPULATION SERVED
MIDWEST MEDICAL CENTER RECOGNIZES THAT THE AGING AND DISABLED POPULATION OF PATIENTS ARE OFTEN AN UNDERSERVED DEMOGRAPHIC OF THE POPULATION AND TO MEET THE HEALTHCARE NEEDS OF THESE PATIENTS THE...
MIDWEST MEDICAL CENTER RECOGNIZES THAT THE AGING AND DISABLED POPULATION OF PATIENTS ARE OFTEN AN UNDERSERVED DEMOGRAPHIC OF THE POPULATION AND TO MEET THE HEALTHCARE NEEDS OF THESE PATIENTS THE HOSPITAL OPERATES THE GALENA-STAUSS SENIOR CARE COMMUNITY. THIS SENIOR CARE CAMPUS PROVIDES SENIOR CARE SERVICES THROUGH ITS 57-BED LONG-TERM CARE FACILITY AND AN ASSISTED LIVING FACILITY. THE SENIOR CARE CAMPUS PROVIDED 16,393 DAYS OF SKILLED NURSING AND INTERMEDIATE NURSING HOME CARE DAYS IN ADDITION TO THE ASSISTED LIVING. THE SENIOR CARE CAMPUS OFFERS SKILLED NURSING TO THE RESIDENTS AND PATIENTS IN BOTH SHORT-TERM REHABILITATION PROGRAMS AND LONG-TERM CARE RESIDENT PROGRAMS. SOME OF THE SPECIALIZED CARE SERVICES OFFERED INCLUDE IV THERAPY, WOUND CARE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, AND SPEECH THERAPY AMONG MANY OF THE CARE PROGRAMS PROVIDED. THE SENIOR CARE CAMPUS OPERATES IN CONJUNCTION WITH THE MIDWEST MEDICAL CENTER HOSPITAL TO PROVIDE A SMOOTH TRANSITION FOR PATIENTS NEEDING EXTENDED REHABILITATION OR LONG-TERM CARE SERVICES. THE COORDINATION OF FACILITIES ALSO ALLOWS THE ORGANIZATION TO SHARE MANY DEPARTMENTS AND SERVICES IN MIDWEST MEDICAL CENTER'S CONTINUED EFFORT TO PROVIDE HIGH QUALITY AND LOW-COST CARE TO THE COMMUNITY.
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 | $44,369,940 | $37,891,105 | +0.2% |
| Expenses | $41,844,264 | $36,306,633 | +0.2% |
| Net Income | $2,525,676 | $1,584,472 | +0.6% |
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 |
|---|---|---|---|---|---|---|
| DR BARB SLOAN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARTER NEWTON | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOEL HOLLAND | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DONNA FERRY | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATTHEW CAROLL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRIS CURRAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| HELEN KILGORE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN LORENZEN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PASTOR MIKE NESBIT | BOARD MEMBER (THRU DEC 2023) | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUG RAHDEN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TIM VINCENT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LYNN ZEHNDER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TRACY BAUER | CEO | 50.00 |
Officer
|
$366,837 | $14,795 | $381,632 |
| KELLI JACKSON | CFO | 50.00 |
Officer
|
$147,825 | $31,699 | $179,524 |
| KENNETH SCHIFFMAN MD | ORTHOPEDIC SURGEON | 40.00 |
Highest
|
$454,292 | $33,838 | $488,130 |
| MATTHEW GULLONE MD | PHYSICIAN | 40.00 |
Highest
|
$333,144 | $22,348 | $355,492 |
| GREG HARMSTON MD | PHYSICIAN | 40.00 |
Highest
|
$296,225 | $37,254 | $333,479 |
| MOIZ HASSAN | PODIATRIC SURGEON | 40.00 |
Highest
|
$283,141 | $37,066 | $320,207 |
| RICHARD FARRELL MD | PHYSICIAN | 40.00 |
Highest
|
$283,236 | $28,555 | $311,791 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $44,369,940 | $41,844,264 | $64,362,726 | $2,525,676 |
| 2023 | $37,891,105 | $36,306,633 | $49,632,897 | $1,584,472 |
| 2022 | $35,876,962 | $33,637,701 | $43,422,935 | $2,239,261 |
| 2021 | $34,873,960 | $29,362,241 | $42,348,172 | $5,511,719 |
| 2020 | $28,693,108 | $26,106,518 | $41,226,329 | $2,586,590 |
| 2019 | $26,314,732 | $25,703,425 | $34,962,942 | $611,307 |
| 2018 | $25,985,284 | $25,598,543 | $42,539,247 | $386,741 |
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