Louisville, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Baptist Health Medical Group Inc, founded in 2006, is a major nonprofit in the Health Care sector that reported $850.8M in total revenue in fiscal year 2023. Expenses of $1.0B exceeded revenue, resulting in a 20% operating deficit.
Description of Organization Mission: Baptist Health Medical Group, Inc. is organized and operated to provide healthcare services and facilities, including but not limited to physician services, primary care centers, specialty health clinics and urgent care centers. It also serves as an instrument to assist, advance and strengthen Baptist Health Louisville, Baptist Health LaGrange, Baptist Health Richmond, Baptist Health Corbin, Baptist Health Paducah, Baptist Health Lexington, Baptist Health Hardin and Baptist Health Floyd hospitals in their mission and ministry of healing and to support the charitable activities and operations of Baptist Healthcare System, Inc.
Baptist Health Medical Group, Inc. ("BHMG") is a professional medical services company organized and operated to benefit the member hospitals of Baptist Healthcare System, Inc. ("BHS"). BHMG is a...
Baptist Health Medical Group, Inc. ("BHMG") is a professional medical services company organized and operated to benefit the member hospitals of Baptist Healthcare System, Inc. ("BHS"). BHMG is a comprehensive network of primary and specialty physician practices in Kentucky and Indiana that includes approximately 740 physicians and more than 820 advanced practice clinicians. Providers represent more than 75 specialties, including primary care and family medicine, internal medicine, osteopathic medicine, emergency medicine, general surgery and a wide range of surgical specialties offering advanced treatments and care. During fiscal year 2024, BHMG had over 4,780,000 patient visits at 375 locations. BHMG also operates urgent care centers, rural health clinics and occupational medicine facilities. The primary care and specialty care physician services support the hospitals operated by Baptist Healthcare System, Inc. by staffing emergency departments, providing hospitalist services and surgical care services for patients. BHMG's primary and specialty care physicians, urgent care centers, occupational medicine facilities and rural health centers offer more convenient and economical quality care services to patients and help to maintain sufficient physician expertise and capacity to deliver efficient, appropriate and compassionate patient care in the communities BHMG serves. Our physicians play key leadership roles in determining the direction and development of patient services, they spearhead innovation by leading clinical research and they help to bring advanced treatments and technology to our facilities.In order to meet the health and wellness needs of our communities throughout Kentucky and Indiana, Baptist Healthcare System, Inc. (BHS) provides grants to Baptist Health Medical Group, Inc. (BHMG). BHS is a nonprofit Section 501(c)(3) related entity and the sole member of BHMG. These grants allow BHMG to continue to provide support and care for Medicaid and charity care patients through primary care centers, rural health centers, urgent care centers and specialty health centers that meet a demonstrated community need. BHS makes these grants on the condition that BHMG use the grant funds only for the following activities:1. To provide care for patients participating in Medicaid and other means-tested government health programs, including but not limited to the Kentucky Children's Health Insurance (KCHIP) program.2. To provide care, for free or at discounted rates, to low-income patients who cannot afford the cost of care.3. To fund the operations of rural health clinics that provide care for the patients described above.4. To engage in community activities and programs in response to demonstrated community needs to improve community health, including but not limited to health screenings; COVID testing; vaccinations and community health education. Baptist Healthcare System, Inc. reports the grants related to the above activities on its respective IRS Form 990, Schedule H, Part I, Line 7.
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 | $850,844,258 | $800,561,133 | +0.1% |
| Expenses | $1,024,688,943 | $962,632,415 | +0.1% |
| Net Income | $-173,844,685 | $-162,071,282 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| Frank R Purdy III | Chair & Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Rob Schreiner MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Staci Dawn Farner Rogers MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Patrick Daniel O'Haire MD | Director (Effective 8/29/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| Joanne Berryman | Director (Effective 1/1/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| Victoria D Buster | Director | 1.00 |
Director
|
$0 | $0 | $3,000 |
| Isaac J Myers MD | President | 20.00 |
Officer
|
$0 | $39,786 | $1,206,670 |
| Janet M Norton | Vice President & Secretary | 1.00 |
Officer
|
$0 | $38,654 | $1,109,535 |
| Douglas Reed | Vice President | 40.00 |
Officer
|
$0 | $48,040 | $378,293 |
| Richard F Carrico | VP & Treasurer | 1.00 |
Officer
|
$0 | $30,778 | $913,869 |
| Sandeep Sharma MD | Physician | 40.00 |
Highest
|
$1,520,543 | $45,598 | $1,566,141 |
| Jeffrey Been MD | Physician | 40.00 |
Highest
|
$1,602,939 | $44,600 | $1,647,539 |
| John Blankenship MD | Physician | 40.00 |
Highest
|
$1,519,424 | $45,371 | $1,564,795 |
| Bapineedu Gondi MD | Physician | 40.00 |
Highest
|
$1,580,377 | $33,926 | $1,614,303 |
| Vikas Singh MD | Physician | 40.00 |
Highest
|
$1,461,261 | $24,073 | $1,485,334 |
| Stephen R Oglesby | VP & Treasurer (Through 1/6/23) | 0.00 |
|
$0 | $7,196 | $343,444 |
| Thomas Reynolds | Vice President (Through 7/28/23) | 0.00 |
|
$0 | $32,305 | $411,142 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $850,844,258 | $1,024,688,943 | $207,219,630 | $-173,844,685 |
| 2023 | $800,561,133 | $962,632,415 | $243,671,773 | $-162,071,282 |
| 2022 | $585,254,894 | $875,913,404 | $163,915,115 | $-290,658,510 |
| 2021 | $559,689,949 | $824,040,514 | $171,626,728 | $-264,350,565 |
| 2020 | $392,376,971 | $628,514,987 | $134,265,747 | $-236,138,016 |
| 2019 | $391,571,832 | $582,458,370 | $98,456,222 | $-190,886,538 |
| 2018 | $380,776,095 | $563,365,859 | $107,724,614 | $-182,589,764 |
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