Johnson City, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Wellmont Medical Associates Inc, founded in 2008, is a major nonprofit in the Health Care sector that reported $144.2M in total revenue in fiscal year 2023.
Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.
Wellmont Medical Associates, Inc. (WMA) is physician-led and professionally managed. From the WMA board of directors and leadership team members to the providers who care for patients every day...
Wellmont Medical Associates, Inc. (WMA) is physician-led and professionally managed. From the WMA board of directors and leadership team members to the providers who care for patients every day, WMA's commitment to physician leadership is clear.WMA, a non-profit healthcare provider, delivers exceptional care to patients in the Tri-Cities region of Northeast Tennessee and Southwest Virginia. Based in Johnson City, Tennessee, as well as locations expanding from Sneedville, Tennessee, to Marion, Virginia, WMA offers the latest in technological advances to ensure patients receive superior care. Medical services provided by Wellmont Medical Associates include:- Primary care- OB/GYN- Surgery- Oncology- Outpatient and urgent care centers- Neurology- Pulmonology- Spine and rehabilitation- Behavioral health- Sleep center- Occupational medicine- Physical therapy- Pain management- Palliative medicine- HospitalistsWMA is dedicated to improving the community's access to quality, affordable healthcare, educating the region's caregivers, improving the health status of the communities and contributing to the overall quality of life in the areas served.In fiscal year 2024, WMA had 641,169 patient encounters.Recognizing some patients cannot afford essential medical services, WMA incurred a loss of $2,010,296 attributable to the provision of charity care in fiscal year 2024.Additionally, WMA provided care to people covered by Medicare, Medicaid, TennCare and Champus at a loss. Due to mandated reductions in Medicare funding and declining reimbursement from TennCare, the shortfall between reimbursement and the cost of providing care to these patients totaled $39,809,405.It is WMA's obligation to support the causes that improve the quality of life in the region. WMA sponsored educational, community-based programs on healthy lifestyles, risk factor identification and options for diagnosis and treatment. Programs included:- Lectures about asthma to area elementary schools- Providing a free clinic in Church Hill, Tennessee- Providing free medical care through the Remote Area Medical clinic- Supporting The Health Wagon in Wise, Virginia- Teaching at Lincoln Memorial University-DeBusk College of Osteopathic Medicine- Teaching at the University of Virginia's College at Wise- Working with Appalachian Mountain Project Access- Working with Friends In Need, a local nonprofit that provides primary care and dental care to the uninsured and underinsured as well as full-time college studentsWMA also participated in several health fairs and community screenings. Employees gave their time to area nonprofit organizations, which included United Way and the East Tennessee affiliate of Susan G. Komen for the Cure.
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 | $144,154,605 | $135,850,020 | +0.1% |
| Expenses | $153,037,877 | $140,419,987 | +0.1% |
| Net Income | $-8,883,272 | $-4,569,967 | +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 |
|---|---|---|---|---|---|---|
| Alan Levine | BH President & CEO/Chair | 0.10 |
Officer
Director
|
$0 | $264,516 | $2,247,795 |
| Eric Deaton | BH EVP/COO | 0.10 |
Officer
Director
|
$0 | $123,773 | $1,245,540 |
| Marvin Eichorn | BH EVP/CAO | 0.10 |
Officer
Director
|
$0 | $50,738 | $1,124,281 |
| Julie Bennett | Chief Legal & Governance Officer | 1.00 |
Officer
Director
|
$0 | $57,811 | $624,827 |
| Mark Patterson MD BH SVP | BHMA Pres/CEO | 54.50 |
Officer
|
$634,528 | $98,762 | $733,290 |
| Matthew Lazari | BHMA CFO | 40.00 |
Officer
|
$218,945 | $34,835 | $253,780 |
| Shane Hilton | BH EVP & CFO | 0.10 |
Officer
|
$0 | $100,190 | $730,218 |
| Stephen Combs MD | VP/CMO Medical Services | 45.00 |
Key Emp
|
$580,989 | $40,418 | $621,407 |
| Adel El Abbassi MD | Physician | 40.00 |
Highest
|
$792,310 | $18,560 | $810,870 |
| Girendra Hoskere MD | Physician | 40.00 |
Highest
|
$788,542 | $16,170 | $804,712 |
| Joseph Frye II MD | Physician | 40.00 |
Highest
|
$1,014,281 | $47,024 | $1,061,305 |
| Paul Jett MD | Physician | 40.00 |
Highest
|
$958,561 | $11,376 | $969,937 |
| Samuel Deel MD | Physician | 40.00 |
Highest
|
$763,493 | $41,291 | $804,784 |
| Andrew Wampler BH General Cnsl | Former Officer | 0.00 |
|
$0 | $62,837 | $461,439 |
| Chase Wilson end April 2023 | Former Officer/BHMA COO/CFO | 0.00 |
|
$0 | $41,749 | $320,204 |
| David Thompson MD | Former Officer/Vice Chair | 40.00 |
|
$254,635 | $29,489 | $284,124 |
| Howard Herrell MD | Former Officer Sec/Treas | 0.00 |
|
$572,800 | $48,755 | $621,555 |
| Leanne Cox end October 2020 | Former Officer VP/BHMA CFO | 0.00 |
|
$0 | $34,061 | $144,949 |
| Lynn Krutak Former Officer | BH EVP & CFO | 0.10 |
|
$0 | $120,642 | $1,115,238 |
| Marta Wayt MD | Former Officer/Chairman | 40.00 |
|
$429,968 | $29,175 | $459,143 |
| Paul Kramer MD | Physician | 40.00 |
|
$416,581 | $47,423 | $464,004 |
| Tim Belisle end July 2022 | Former Officer/BH EVP & Gen Counsel | 0.00 |
|
$0 | $2,542 | $165,050 |
| Karen Williams | Former Key Employee | 0.00 |
|
$193,084 | $35,856 | $228,940 |
| Landon Combs MD | Former Officer | 40.00 |
|
$257,542 | $36,652 | $294,194 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $144,154,605 | $153,037,877 | $24,033,117 | $-8,883,272 |
| 2023 | $135,850,020 | $140,419,987 | $25,522,846 | $-4,569,967 |
| 2022 | $129,451,708 | $128,327,533 | $18,025,626 | $1,124,175 |
| 2021 | $119,862,760 | $122,462,997 | $20,328,734 | $-2,600,237 |
| 2020 | $123,355,433 | $123,556,123 | $20,115,154 | $-200,690 |
| 2019 | $158,130,400 | $155,782,436 | $22,037,335 | $2,347,964 |
| 2018 | $149,176,047 | $150,015,608 | $24,202,148 | $-839,561 |
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