Coral Gables, FL
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 2012, is a major nonprofit in the Health Care sector that reported $756.4M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.
AS PART OF THE BAPTIST HEALTH NETWORK, THE MISSION OF BAPTIST HEALTH MEDICAL GROUP INC IS TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, AND TO PROMOTE THE SANCTITY AND PRESERVATION OF LIFE, IN THE COMMUNITIES WE SERVE. BAPTIST HEALTH IS A FAITH-BASED ORGANIZATION GUIDED BY THE SPIRIT OF JESUS CHRIST AND THE JUDEO-CHRISTIAN ETHIC. WE ARE COMMITTED TO MAINTAINING THE HIGHEST STANDARDS OF CLINICAL AND SERVICE EXCELLENCE, ENHANCED THROUGH TEACHING, RESEARCH AND INNOVATION, AND ROOTED IN THE UTMOST INTEGRITY AND MORAL PRACTICE. CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, COMPASSIONATE HEALTHCARE SERVICES TO ALL, REGARDLESS OF RELIGION, CREED, RACE OR NATIONAL ORIGIN, INCLUDING, AS PERMITTED BY ITS RESOURCES, CHARITY CARE TO THOSE IN NEED.
DURING 2023, BERNARDO FERNANDEZ MD RECEIVED A SEVERANCE PAYMENT OF $154,808. SUCH AMOUNTS WERE TREATED AS TAXABLE COMPENSATION.
AS PART OF THE BAPTIST HEALTH SOUTH FLORIDA EXECUTIVE BENEFIT PLAN, EXECUTIVES ARE ELIGIBLE TO ALLOCATE A PORTION OF THEIR FLEXIBLE SPENDING ALLOWANCE TO A SUPPLEMENTAL SURVIVOR ACCUMULATION BENEFIT...
AS PART OF THE BAPTIST HEALTH SOUTH FLORIDA EXECUTIVE BENEFIT PLAN, EXECUTIVES ARE ELIGIBLE TO ALLOCATE A PORTION OF THEIR FLEXIBLE SPENDING ALLOWANCE TO A SUPPLEMENTAL SURVIVOR ACCUMULATION BENEFIT (SSAB) ACCOUNT. THE SSAB IS A LIFE INSURANCE PRODUCT THAT PROVIDES A DEFERRED RETIREMENT BENEFIT FOR THE EXECUTIVE OR A DEATH BENEFIT FOR THE EXECUTIVE'S SURVIVORS. CONTRIBUTIONS TO THE SSAB MAY BE MADE ANNUALLY TO THE PARTICIPANT'S ACCOUNT. ALL CONTRIBUTIONS ACCUMULATE, ALONG WITH INVESTMENT EARNINGS, FOR THE PERIOD THE EXECUTIVE PARTICIPATES. THE EXECUTIVE DOES NOT HAVE ACCESS TO THE CONTRIBUTIONS MADE OR THE RELATED INVESTMENT INCOME, ALL OF WHICH IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. PURSUANT TO THE SSAB PLAN GUIDELINES, THIS BENEFIT IS TERMINATED UPON AN EXECUTIVE REACHING AGE 65. HOWEVER, PAYMENT CAN BE DEFERRED TO A DATE AT LEAST TWO YEARS AFTER REACHING AGE 65 BUT NO LATER THAN 68. AT THAT TIME THE ENTIRE AMOUNT ACCUMULATED IS PAID OUT IN A LUMP SUM.
BAPTIST HEALTH ORTHOPEDIC CARE ("BHOC"), PART OF BHMG, CONSISTS OF BOARD-CERTIFIED, FELLOWSHIP-TRAINED ORTHOPEDIC SURGEONS AND PRIMARY CARE SPORTS MEDICINE PHYSICIANS, STATE-OF-THE-ART TECHNOLOGY...
BAPTIST HEALTH ORTHOPEDIC CARE ("BHOC"), PART OF BHMG, CONSISTS OF BOARD-CERTIFIED, FELLOWSHIP-TRAINED ORTHOPEDIC SURGEONS AND PRIMARY CARE SPORTS MEDICINE PHYSICIANS, STATE-OF-THE-ART TECHNOLOGY, AND COMPREHENSIVE REHABILITATION SERVICES ANCHORED AT BAPTIST HEALTH AFFILIATED DOCTORS HOSPITAL. BHOC IS THE OFFICIAL SPORTS MEDICINE PROVIDER FOR THE MIAMI DOLPHINS, MIAMI HEAT, FLORIDA PANTHERS, MIAMI FC, FLORIDA INTERNATIONAL UNIVERSITY, ST. THOMAS UNIVERSITY, AND THE FEDEX ORANGE BOWL. BHOC'S ORTHOPEDIC PHYSICIANS ARE ALSO THE TEAM PHYSICIANS FOR THE MIAMI DOLPHINS, MIAMI HEAT, FLORIDA PANTHERS, FLORIDA INTERNATIONAL UNIVERSITY, THE MIAMI CITY BALLET, THE MIAMI OPEN TENNIS TOURNAMENT, MIAMI MARATHON, MIAMI ESCAPE TRIATHLON, OUR LADY OF LOURDES ACADEMY AND SELECT MIAMI-DADE PUBLIC HIGH SCHOOL SPORTS. ADDITIONALLY, BHOC HAS FACULTY APPOINTMENTS AT THE FLORIDA INTERNATIONAL UNIVERSITY HERBERT WERTHEIM COLLEGE OF MEDICINE. BHOC SURGEONS HAVE PUBLISHED NUMEROUS ARTICLES ABOUT NEW TECHNIQUES THEY HAVE DEVELOPED TO REPAIR KNEE, SHOULDER, ANKLE, AND ELBOW INJURIES. BHOC WAS THE FIRST ORTHOPEDIC PRACTICE IN SOUTH FLORIDA TO UTILIZE NEW WEIGHT-BEARING POINT-OF-CARE, ULTRA-LOW DOSE CT IMAGING TECHNOLOGY IN ITS FOOT & ANKLE CLINICS. BHMG'S BHOC HAS MORE THAN FIFTEEN (15) CONVENIENT LOCATIONS THROUGHOUT SOUTH FLORIDA.
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 | $756,353,370 | $574,657,918 | +0.3% |
| Expenses | $776,818,771 | $585,828,765 | +0.3% |
| Net Income | $-20,465,401 | $-11,170,847 | +0.8% |
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 |
|---|---|---|---|---|---|---|
| Adelaide Skoglund | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Audra Hill Wallace | Director | 2.0 |
Director
|
$0 | $0 | $8,879 |
| Bill R Tillett | Director | 2.0 |
Director
|
$0 | $0 | $200 |
| CHRISTOPHER WHEELER | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Gary Becker MD | Director | 2.0 |
Director
|
$0 | $0 | $1,568 |
| J Randolph Millian | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| J RICHARD DAMRON JR | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Lawrence Altschul | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Lloyd Wruble DMD | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Ralph Lawson | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Ramon Rodriguez | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Rev William Chambers III | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Sixto Ferro | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Stanley Shapiro | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Steven Litinsky MD MBA | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Alan A Gomez | VP of Finance - MCI & Physician Ops | 25.0 |
Officer
|
$0 | $118,136 | $574,184 |
| Bernardo Fernandez | CEO | 50.0 |
Officer
|
$0 | $31,210 | $922,518 |
| Edward Garabedian | COO | 50.0 |
Key Emp
|
$442,436 | $98,107 | $540,543 |
| Leonard Kalman MD | Deputy Director Oncology | 40.0 |
Key Emp
|
$0 | $30,260 | $1,077,206 |
| Panagiotis Mallias | COO/CAO Clinical Enterprise | 50.0 |
Key Emp
|
$0 | $162,685 | $865,066 |
| Harry Michael Salinas | Physician | 45.0 |
Highest
|
$1,434,411 | $44,387 | $1,478,798 |
| John E Zvijac | Physician | 45.0 |
Highest
|
$1,539,760 | $32,714 | $1,572,474 |
| Joseph Thomas McGinn Jr | Physician | 45.0 |
Highest
|
$1,843,615 | $41,415 | $1,885,030 |
| Miguel A Medina | Physician | 45.0 |
Highest
|
$1,556,318 | $45,437 | $1,601,755 |
| Steven Jeffrey Hoff | Physician | 45.0 |
Highest
|
$1,481,696 | $26,607 | $1,508,303 |
| William G Ulbricht | Former COO/CAO Clinical Enterprise | 0.0 |
|
$0 | $175,492 | $1,369,291 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $756,353,370 | $776,818,771 | $132,667,269 | $-20,465,401 |
| 2023 | $574,657,918 | $585,828,765 | $110,301,428 | $-11,170,847 |
| 2022 | $548,760,730 | $519,598,500 | $105,023,888 | $29,162,230 |
| 2021 | $427,663,560 | $423,992,034 | $93,265,797 | $3,671,526 |
| 2020 | $1,053,991,722 | $366,587,707 | $79,890,511 | $687,404,015 |
| 2019 | $181,773,003 | $340,172,273 | $21,477,292 | $-158,399,270 |
| 2018 | $146,987,221 | $290,114,536 | $18,639,994 | $-143,127,315 |
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