BALA CYNWYD, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM, founded in 1993, is a major nonprofit in the Health Care sector that reported $274.2M in total revenue in fiscal year 2022.
CLINICAL CARE ASSOCIATES SERVES TO FURTHER THE EDUCATIONAL AND CHARITABLE MISSIONS OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM.
STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (CCA) IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (UPHS). IN KEEPING...
STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS CLINICAL CARE ASSOCIATES OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (CCA) IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM (UPHS). IN KEEPING WITH ITS CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. UPHS MAINTAINS RECORDS TO IDENTIFY AND MONITOR LEVELS OF CHARITY CARE PROVIDED, INCLUDING THE AMOUNT OF PAYMENT FORGONE, BASED ON ESTABLISHED RATES, FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY, AND CERTAIN AMOUNTS CHARGED FOR SUCH SERVICES ARE DEEMED TO BE UNCOLLECTIBLE. IN FY 2023, CCA PROVIDED $31 MILLION IN CHARITY AND UNDERFUNDED CARE FOR MEDICARE AND MEDICAID FAMILIES. CCA WAS FORMED IN JUNE 1993 TO DEVELOP A GEOGRAPHICALLY DISTRIBUTED NETWORK OF PRIMARY CARE PHYSICIANS. AS OF JUNE 30, 2023, CCA AND ITS NEW JERSEY AFFILIATE, CLINICAL HEALTH CARE ASSOCIATES OF NEW JERSEY, P.C., EMPLOYED OR CONTRACTED WITH 353 PHYSICIANS AND 216 PHYSICIAN EXTENDERS AT 112 OFFICE LOCATIONS THROUGHOUT THE FIVE COUNTY SOUTHEASTERN PENNSYLVANIA AREA AND THREE COUNTY SOUTHERN NEW JERSEY AREA. CCA HAS GROWN TO BE A PRIMARY AND SPECIALTY CARE NETWORK WITH APPROXIMATELY 37% OF CCA PHYSICIANS PROVIDING PRIMARY CARE, 10% PROVIDING OBGYN CARE, AND 53% A VARIETY OF SPECIALTY SERVICES. CCA PHYSICIANS SERVE AS TEACHERS FOR STUDENTS AND RESIDENTS OF THE PERELMAN SCHOOL OF MEDICINE, AND THE HEALTH SYSTEM HAS REALIZED, AND CONTINUES TO REALIZE, INCREASED ACCESS TO PATIENTS FOR TEACHING AND RESEARCH PURPOSES AS A RESULT OF CCA'S DEVELOPMENT. HUP, CPUP, PRESBYTERIAN, PENNSYLVANIA, PRINCETON, AND CHESTER COUNTY HOSPITALS ALSO EXPECT TO ATTRACT INCREMENTAL ADMISSIONS AND OUTPATIENT VISITS BECAUSE OF THE UNIQUE AND SPECIALIZED SERVICES THEY CAN PROVIDE TO CCA PATIENTS. ---------------
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $274,241,658 | $275,144,153 | 0.0% |
| Expenses | $273,587,057 | $266,392,376 | +0.0% |
| Net Income | $654,601 | $8,751,777 | -0.9% |
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 |
|---|---|---|---|---|---|---|
| KEVIN B MAHONEY | NETWORK EXEC., EX OFFICIO | 1.0 |
Officer
Director
|
$0 | $524,230 | $3,396,943 |
| KEITH KASPER | CONTROLLER, BOARD MEMBER | 1.0 |
Officer
Director
|
$0 | $24,644 | $1,741,633 |
| DEBORAH A DRISCOLL MD | NETWORK EXEC., EX OFFICIO | 1.0 |
Officer
Director
|
$0 | $213,451 | $1,667,792 |
| PHILIP A OKALA | BOARD MEMBER (UNTIL 08/2022) | 1.0 |
Director
|
$0 | $229,198 | $1,430,349 |
| HARVEY L WAXMAN MD | BOARD MEMBER | 1.0 |
Director
|
$0 | $50,209 | $1,219,450 |
| MICHELE M VOLPE | BOARD MEMBER (AS OF 06/8/2023) | 1.0 |
Director
|
$0 | $101,405 | $1,168,804 |
| LORI GUSTAVE | BOARD MEMBER | 1.0 |
Director
|
$0 | $93,350 | $893,100 |
| BENJAMIN SILVERMAN MD | INTERNIST | 55.0 |
Highest
|
$820,793 | $27,812 | $848,605 |
| KRISTEN RAINEAR MD | CARDIOLOGIST | 55.0 |
Highest
|
$804,514 | $26,073 | $830,587 |
| WILLIAM DUFFY MD | INTERNIST | 55.0 |
Highest
|
$776,364 | $26,056 | $802,420 |
| JACK QUINLAN MD | CARDIOLOGIST | 55.0 |
Highest
|
$758,197 | $26,009 | $784,206 |
| GARY DORSHIMER MD | INTERNIST | 55.0 |
Highest
|
$762,290 | $17,653 | $779,943 |
| SCOTT SCHLEGEL | EXECUTIVE DIRECTOR, EX OFFICIO | 1.0 |
Officer
Director
|
$0 | $75,038 | $689,360 |
| PETER D QUINN MD DMD | BOARD MEMBER (UNTIL 06/8/2023) | 1.0 |
Officer
Director
|
$0 | $47,470 | $667,946 |
| MATTHEW J PRESS MD MSC | BOARD MEMBER (UNTIL 06/8/2023) | 1.0 |
Director
|
$0 | $63,380 | $644,407 |
| CHARLES F ORELLANA MD | SR MEDICAL DIRECTOR, BOARD MBR | 55.0 |
Officer
Director
|
$395,310 | $18,130 | $413,440 |
| JOSEPH P HEANEY | CFO, ASST CONTROLLER & SECRY | 54.0 |
Officer
Director
|
$0 | $26,107 | $399,326 |
| RONALD B BARG MD | FORMER EXECUTIVE DIRECTOR | 0.0 |
|
$0 | $29,097 | $315,019 |
| BERT W O'MALLEY JR MD | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $274,241,658 | $273,587,057 | $84,999,581 | $654,601 |
| 2022 | $275,144,153 | $266,392,376 | $91,325,613 | $8,751,777 |
| 2021 | $209,271,901 | $212,415,807 | $70,443,492 | $-3,143,906 |
| 2020 | $192,279,199 | $190,199,261 | $67,061,458 | $2,079,938 |
| 2019 | $172,922,964 | $170,515,839 | $48,023,368 | $2,407,125 |
| 2018 | $159,266,097 | $149,555,410 | $45,306,292 | $9,710,687 |
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