MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PHYSICIANS NECK & BACK CLINICS, founded in 2009, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2021. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7.5M left a modest 4% surplus.
TO SUPPORT REGIONS HOSPITAL AND GROUP HEALTH PLAN, INC. BY BETTER SERVICING THE SPINE CARE NEEDS OF THEIR PATIENTS AND MEMBERS.
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE PHYSICIANS NECK & BACK CLINICS (PNBC) IS A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC")...
CORPORATE STRUCTURE, PURPOSE, GOVERNANCE PHYSICIANS NECK & BACK CLINICS (PNBC) IS A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3) AND IS PART OF THE HEALTHPARTNERS ORGANIZATION ("HEALTHPARTNERS"). FOUNDED IN 1957, HEALTHPARTNERS IS AN INTEGRATED HEALTH CARE ORGANIZATION, PROVIDING HEALTH CARE SERVICES AND HEALTH PLAN FINANCING AND ADMINISTRATION, AND IS THE LARGEST CONSUMER-GOVERNED NONPROFIT HEALTH CARE ORGANIZATION IN THE COUNTRY. HEALTHPARTNERS' MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY. HEALTHPARTNERS SEEKS TO TRANSFORM HEALTH CARE THROUGH A RELENTLESS FOCUS ON THE TRIPLE AIM - PROVIDING EXCEPTIONAL EXPERIENCE FOR THE INDIVIDUAL, IMPROVING THE HEALTH OF THE POPULATION, AND MAINTAINING AFFORDABILITY. HEALTHPARTNERS, INC. (HPI) IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) AND IS THE PARENT ENTITY OF HEALTHPARTNERS ORGANIZATIONS REFERRED TO COLLECTIVELY AS "HEALTHPARTNERS". HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. HEALTHPARTNERS PROVIDES A FULL RANGE OF HEALTH CARE DELIVERY AND HEALTH PLAN SERVICES INCLUDING INSURANCE, PATIENT CARE, ADMINISTRATION AND HEALTH AND WELL-BEING PROGRAMS. HEALTHPARTNERS HEALTH PLANS SERVE MORE THAN 1.8 MILLION MEDICAL AND DENTAL MEMBERS NATIONWIDE. HEALTHPARTNERS MEDICAL CARE SYSTEM INCLUDES MORE THAN 1,800 EMPLOYED PHYSICIANS AND DENTISTS, EIGHT OWNED HOSPITALS WITH OVER 1,000 ACUTE CARE BEDS, OVER 129 PRIMARY AND SPECIALTY CARE MEDICAL FACILITIES AND DENTAL FACILITIES WITH PRACTICES IN MINNESOTA AND WESTERN WISCONSIN SERVING MORE THAN 1.32 MILLION PATIENTS. HEALTHPARTNERS HEALTH PLANS CONTRACT WITH OTHER PRIMARY AND SPECIALTY MEDICAL FACILITIES AND DENTAL FACILITIES, PHYSICIAN GROUPS, HOSPITALS AND RELATED HEALTHCARE PROVIDERS TO SERVE PLAN MEMBERS. HEALTHPARTNERS ALSO PROVIDES MEDICAL EDUCATION AND TRAINING TO MEDICAL PROFESSIONALS AND CONDUCTS RESEARCH AND FUNDRAISING ACTIVITIES THAT SUPPORT THE HEALTH CARE DELIVERY SYSTEM. HEALTHPARTNERS COLLABORATES WITH OTHER PLANS, CARE PROVIDERS AND OTHER COMMUNITY AND BUSINESS ORGANIZATIONS IN THE REGION AND THROUGHOUT THE NATION TO INCREASE ACCESS, CREATE AND SHARE QUALITY MEASURES AND INITIATIVES, PARTICIPATE IN DEVELOPMENT OF PUBLIC POLICY, AND COLLABORATE IN IMPROVEMENTS THAT SUPPORT THE TRIPLE AIM. AMONG HEALTHPARTNERS' SIGNATURE INITIATIVES CONTINUING IN 2021 ARE TOTAL COST OF CARE MEASUREMENTS (A NATIONALLY RECOGNIZED METRIC, ENDORSED BY THE NATIONAL QUALITY FORUM, ENABLING MEASUREMENT AND INCENTIVES BASED ON COORDINATION AND EVIDENCE-BASED PRACTICES), MENTAL HEALTH (REDUCING STIGMA, AND ASSURING ACCESS TO HIGH QUALITY CARE IN THE MOST APPROPRIATE SETTINGS), CHILDREN'S HEALTH (IMPROVING CHILD HEALTH BY PROMOTING EARLY BRAIN DEVELOPMENT, PROVIDING FAMILY CENTERED CARE, AND STRENGTHENING COMMUNITIES), AND SUSTAINABILITY (ENERGY EFFICIENCY, WASTE REDUCTION, AND RESOURCE MANAGEMENT). A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS, AND THE RELATIONSHIP BETWEEN THEM, CAN BE FOUND ON SCHEDULE R WITHIN THIS 990 RETURN. DETAILED INFORMATION ABOUT THE COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF EACH TAX-EXEMPT ORGANIZATION CAN BE FOUND IN THE INDIVIDUAL FORM 990 RETURN FOR THAT ORGANIZATION. HEALTHPARTNERS, INC. (HPI) IS THE PARENT ENTITY OF HEALTHPARTNERS AND IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(4). HPI IS THE SOLE CORPORATE MEMBER OF GROUP HEALTH PLAN, INC. (GHI), A MINNESOTA NONPROFIT CORPORATION AND LICENSED STAFF MODEL HMO RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). IN TURN, GHI IS THE SOLE CORPORATE MEMBER OF PNBC. PNBC IS RECOGNIZED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). AS SUCH, PNBC PERFORMS CERTAIN FUNCTIONS ON BEHALF OF OTHER TAX-EXEMPT ENTITIES WITHIN THE HEALTHPARTNERS FAMILY OF ORGANIZATIONS. SPECIFICALLY, IN ADDITION TO SUPPORTING GHI, IT SUPPORTS REGIONS HOSPITAL (REGIONS), A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). REGIONS IS A LEADING, FULL-SERVICE HOSPITAL LOCATED IN ST. PAUL, MINNESOTA THAT PROVIDES OUTSTANDING MEDICAL CARE WITH SPECIAL PROGRAMS IN HEART, CANCER, BEHAVIORAL HEALTH, BURN, EMERGENCY AND TRAUMA. PNBC SPECIALIZES IN THE TREATMENT OF CHRONIC NECK AND BACK PAIN THAT MAY OFTEN BE ACCOMPANIED BY ARM OR LEG PAIN. PNBC SERVES THE TWIN CITIES METRO AREA AND HAS CLINICS IN ROSEVILLE, WOODBURY, COON RAPIDS, EDINA, BURNSVILLE, AND MAPLE GROVE, MINNESOTA. GOVERNMENT-SPONSORED MEANS-TESTED HEALTH CARE: PNBC HAS A MIX OF HEALTH CARE PAYERS. IN 2021, APPROXIMATELY 10 PERCENT OF PNBC'S HEALTH CARE SERVICES WERE DELIVERED TO PATIENTS ENROLLED IN MEDICAL ASSISTANCE PROGRAMS. PNBC PROVIDES FREE OR DISCOUNTED CARE TO MEDICAL ASSISTANCE PATIENTS IN 2021 PURSUANT TO PNBC'S FINANCIAL ASSISTANCE POLICY OR OTHERWISE BASED ON PATIENTS' FINANCIAL HARDSHIP. IN 2021, APPROXIMATELY 21 PERCENT OF PNBC'S HEALTH CARE SERVICES WERE DELIVERED TO PATIENTS WITH MEDICARE BENEFITS, INCLUDING THOSE WITH SUPPLEMENTAL INSURANCE AND MEDICARE ADVANTAGE COVERAGE. THE TOTAL FREE OR DISCOUNTED CARE FOR THESE SERVICES TO MEDICARE PATIENTS WERE PURSUANT TO PNBC'S FINANCIAL ASSISTANCE POLICY OR OTHERWISE BASED ON PATIENTS' FINANCIAL HARDSHIP. BENEFIT TO THE COMMUNITY: COMMUNITY-BASED CLINICAL SERVICES: FOR PATIENTS WHO HAVE COMPLETED THE PNBC PHYSICAL THERAPY PROGRAM, PNBC CREATED THE CORE PROGRAM TO ALLOW INDIVIDUALS TO CONTINUE BUILDING SPINAL FITNESS AND PREVENTING FUTURE PAIN. PNBC PROVIDED FREE CORE HEALTH ASSESSMENTS AND EDUCATION FOR PEOPLE IN THE METRO AREA. NCOVERED SERVICES:
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)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $7,798,319 | $6,529,496 | +0.2% |
| Expenses | $7,456,540 | $22,431,525 | -0.7% |
| Net Income | $341,779 | $-15,902,029 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| MARK E HANSBERRY | DIRECTOR & CHAIR | 0.50 |
Officer
Director
|
$0 | $111,608 | $675,421 |
| STEVE C HOUSH | DIRECTOR | 0.50 |
Director
|
$0 | $50,414 | $461,872 |
| CARRIE P NORAN JAEGER MD | DIRECTOR | 0.50 |
Director
|
$0 | $50,167 | $455,813 |
| DOUGLAS E JOHNSON | DIRECTOR | 0.50 |
Director
|
$0 | $233,539 | $644,200 |
| TRICIA L DEGE | TREASURER (JAN-AUG) | 0.50 |
Officer
|
$0 | $73,526 | $427,102 |
| TERRI F DOLAN | EXECUTIVE DIRECTOR | 45.00 |
Officer
|
$237,202 | $45,762 | $282,964 |
| LESLIE J HILLMAN MD | MEDICAL DIRECTOR | 0.50 |
Officer
|
$0 | $54,054 | $359,232 |
| NANCY L EVERT | SECRETARY | 5.00 |
Officer
|
$0 | $171,579 | $772,558 |
| ROXANN A ELLER | PHYSICAL THERAPY MANAGER | 48.00 |
Highest
|
$117,544 | $33,201 | $150,745 |
| SHARON R IVERSON | PHYSICIAN | 46.00 |
Highest
|
$115,738 | $27,525 | $143,263 |
| DAVID A DZIUK | FORMER DIRECTOR & TREASURER | 0.00 |
|
$0 | $5,120 | $1,217,834 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $7,798,319 | $7,456,540 | No data | $341,779 |
| 2020 | $6,529,496 | $22,431,525 | $4,866,159 | $-15,902,029 |
| 2019 | $10,054,974 | $9,902,412 | $20,575,417 | $152,562 |
| 2018 | $10,107,752 | $10,185,256 | $17,901,982 | $-77,504 |
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