TOLEDO, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROMEDICA PHYSICIAN GROUP, founded in 1999, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $17.2M exceeded revenue, resulting in a 75% operating deficit.
AS AN INTEGRAL PART OF PROMEDICA HEALTH SYSTEM, INC., WE WILL BE THE PREMIER COMMUNITY-BASED MANAGEMENT SERVICES ORGANIZATION AND PROVIDER OF RELATED HEALTHCARE SERVICES FOR NORTHWEST OHIO/SOUTHEAST MICHIGAN, OFFERING QUALITY, COST-EFFECTIVE, EFFICIENT, AND VALUE-ADDED SERVICES TO ACHIEVE SUPERIOR PATIENT SATISFACTION AND A FINANCIALLY VIABLE NETWORK OF PHYSICIANS SUPPORTING THE MEDICAL NEEDS OF THE COMMUNITY.
SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN, PROMEDICA PHYSICIAN GROUP (PPG) AND ITS SUBSIDIARIES OFFER A LARGE SELECTION OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS...
SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN, PROMEDICA PHYSICIAN GROUP (PPG) AND ITS SUBSIDIARIES OFFER A LARGE SELECTION OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS WHO PROVIDE MEDICAL CARE AND OTHER HEALTHCARE SERVICES VIA AN INTEGRATED APPROACH THROUGH WHICH THEY COLLABORATE WITH OTHER PROVIDERS. THIS INTEGRATED DELIVERY IS MORE COST-EFFECTIVE THAN TRADITIONAL DELIVERY SYSTEMS AND HELPS TO ENSURE PATIENTS HAVE BETTER ACCESS TO CARE IN THE MOST APPROPRIATE SETTING. PPG IS PART OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON ACHIEVING CORE VALUES. HEADQUARTERED IN TOLEDO, OHIO, PROMEDICA SERVES 28 STATES ACROSS THE COUNTRY AND IS ONE OF THE NATION'S LEADING HEALTH SYSTEMS. OUR STEWARDSHIP OF RESOURCES HAS ENABLED US TO WISELY INVEST IN PATIENT-CENTERED CARE, ADVANCED TECHNOLOGY, INNOVATIVE PROGRAMS, AND FAMILY-ORIENTED FACILITIES THAT HELP TO ENSURE PATIENTS AND AREA RESIDENTS HAVE EQUAL ACCESS TO HIGH-QUALITY, SAFE CARE IN THE MOST APPROPRIATE SETTING, REGARDLESS OF PATIENTS' ABILITY TO PAY. PPG'S WELL-EQUIPPED PHYSICIAN FACILITIES ARE LOCATED IN APPROXIMATELY 200 LOCATIONS, AND ITS NETWORK IS COMPRISED OF MORE THAN 1,200 HEALTHCARE PROVIDERS CERTIFIED IN MORE THAN 50 SPECIALTIES, INCLUDING ANESTHESIOLOGY, BARIATRICS, CARDIOLOGY, CRITICAL CARE, ENT, FAMILY MEDICINE, GASTROENTEROLOGY, GENERAL SURGERY, HEMATOLOGY-ONCOLOGY, HOSPITALISTS, INTERNAL MEDICINE, NEUROLOGY AND NEUROSURGERY, OBSTETRICS/GYNECOLOGY, OCCUPATIONAL MEDICINE, OPHTHALMOLOGY, ORTHOPEDIC SURGERY, PEDIATRIC CARDIOLOGY, PEDIATRIC CRITICAL CARE MEDICINE, PEDIATRICS, PSYCHIATRY, SPORTS CARE, SURGICAL ONCOLOGY, UROLOGY, AND VASCULAR MEDICINE. PPG CONDUCTED APPROXIMATELY 2 MILLION PATIENT ENCOUNTERS IN 2023. ADDITIONALLY, PPG PRIMARY CARE PRACTICES NOW SCREEN FOR 5 DIFFERENT SOCIAL DETERMINANTS SCREENS FOR AREAS SUCH AS FOOD INSECURITY, FINANCIAL, TRANSPORTATION, AND UTILITIES. PATIENTS SCREENING POSITIVE ARE CONNECTED TO COMMUNITY RESOURCES TO IMPROVE HEALTH AND WELL-BEING.IN SUMMARY, PPG AND ITS SUBSIDIARIES DEMONSTRATE THEIR MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY HEALTH CARE TO ALL PATIENTS, REGARDLESS OF THEIR RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY OR AGE. AND, WE RECOGNIZE THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL CARE. THEREFORE, PROMEDICA PROVIDES THESE HEALTHCARE SERVICES; RECRUITS AND TRAINS HEALTHCARE PROFESSIONALS TO SERVE THE BROADER COMMUNITY; PROVIDES APPROPRIATE FINANCIAL ASSISTANCE; OFFERS SERVICES AND CONTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS THAT ALLOW THEM TO PROVIDE KEY SERVICES TO THEIR CONSTITUENTS; AND PRESENTS FREE EDUCATIONAL CLASSES, HEALTH FAIRS AND OTHER ACTIVITIES TO OUR LOCAL COMMUNITY TO HELP ENSURE ALL MEMBERS HAVE EQUAL ACCESS TO CARE.
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 | $9,846,271 | $19,998,791 | -0.5% |
| Expenses | $17,212,900 | $10,672,384 | +0.6% |
| Net Income | $-7,366,629 | $9,326,407 | -1.8% |
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 |
|---|---|---|---|---|---|---|
| KENT BISHOP | TRUSTEE/PRESIDENT | 1.00 |
Director
|
$0 | $4,120 | $1,441,883 |
| DAWN BUSKEY | TRUSTEE/PRESIDENT | 1.00 |
Director
|
$0 | $5,337 | $1,417,737 |
| DONALD CRESCENZO | TRUSTEE/PHYSICIAN | 1.00 |
Director
|
$0 | $0 | $918,456 |
| VICTOR CHERFAN | TRUSTEE/PHYSICIAN | 1.00 |
Director
|
$659,149 | $0 | $659,149 |
| LISA MILLER | TRUSTEE | 1.00 |
Director
|
$0 | $4,657 | $95,170 |
| ROBERT LACLAIR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $30,000 |
| LISA HAWKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $40,000 |
| ALEX GERKEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AMANDA KISSNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARRY LUSE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL MCDONNELL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE SNAVELY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EVON EBEID | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM BRENNAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN MERRILL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN PIROZEK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTINE BRENNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA KLINE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA THIEL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARCY BROWN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY KABAT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE VANISACKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM BUBLICK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ARTURO POLIZZI | PRESIDENT AND CEO | 1.00 |
Officer
|
$0 | $5,857 | $2,127,450 |
| STEVE SADOWSKI | SECRETARY/CHIEF LEGAL OFFICER | 1.00 |
Officer
|
$0 | $6,028 | $1,413,208 |
| TERRENCE METZGER | TREASURER/CFO | 1.00 |
Officer
|
$0 | $4,079 | $1,059,169 |
| LOUIS ROBICHAUX | TREASURER/CFO - PART YEAR | 1.00 |
Officer
|
$0 | $0 | $0 |
| RICCARDO GIOVANNONE | PHYSICIAN | 45.00 |
Highest
|
$758,447 | $8,209 | $766,656 |
| SAMANTHA MUCHA | PHYSICIAN | 45.00 |
Highest
|
$740,292 | $9,906 | $750,198 |
| WILIAM DECKER | PHYSICIAN | 45.00 |
Highest
|
$588,864 | $12,994 | $601,858 |
| MICHAEL DIMENT | PHYSICIAN | 45.00 |
Highest
|
$578,864 | $2,202 | $581,066 |
| DAVID DIEP | PHYSICIAN | 45.00 |
Highest
|
$531,218 | $1,248 | $532,466 |
| STEVEN M CAVANAUGH | TREASURER, CFO - FORMER | 0.00 |
|
$0 | $5,657 | $1,340,837 |
| JEFFREY C KUHN | SECRETARY, CHIEF LEGAL OFFICER - FORMER | 0.00 |
|
$0 | $30,922 | $779,348 |
| GARY AKENBERGER | SR VP FINANCE - FORMER | 0.00 |
|
$0 | $43,532 | $572,179 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $9,846,271 | $17,212,900 | $18,588,696 | $-7,366,629 |
| 2022 | $19,998,791 | $10,672,384 | $18,501,041 | $9,326,407 |
| 2021 | $18,767,298 | $9,743,352 | $16,904,677 | $9,023,946 |
| 2020 | $86,552,564 | $83,294,409 | $47,274,444 | $3,258,155 |
| 2019 | $415,908,410 | $506,060,984 | $207,227,787 | $-90,152,574 |
| 2018 | $487,202,451 | $473,353,849 | $99,411,166 | $13,848,602 |
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