PHYSICIANS CLINIC INC

EIN: 470687317 501(c)(3) Health Care

OMAHA, NE

Total Revenue
$284,557,594
Total Expenses
$342,666,422
Total Assets
$103,821,240
Net Assets
$49,044,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NE
Principal Officer
TODD D GRAGES
Phone
4023544840
Tax Period
2023-01-01 to 2023-12-31

PHYSICIANS CLINIC INC, founded in 1985, is a major nonprofit in the Health Care sector that reported $284.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $342.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

METHODIST PHYSICIANS CLINIC PROVIDES ACCESSIBLE, QUALITY MEDICAL CARE THROUGH ITS INTEGRATED TEAM OF HEALTH PROFESSIONALS, INCLUDING SPECIALISTS IN FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, OBSTETRICS AND GYNECOLOGY, SURGERY, ORTHOPEDIC SURGERY, DERMATOLOGY, URGENT CARE, IMAGING, CARDIOLOGY AND INFECTIOUS DISEASE. METHODIST PHYSICIANS CLINIC IS DEDICATED TO MAINTAINING A COMPREHENSIVE DELIVERY SYSTEM AND A LIFE-LONG PARTNERSHIP WITH ITS PATIENTS, FAMILIES AND THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $98,279,221 Revenue: $96,128,441

PHYSICIANS CLINIC PRIMARY CARE PROVIDERS SERVE AS THE PATIENT'S PERSONAL HEALTH ADVOCATE FOCUSING THEIR MEDICAL KNOWLEDGE AND EXPERTISE ON EACH PERSON'S UNIQUE HEALTH NEEDS. THEY OFFER COMPASSIONATE...

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PHYSICIANS CLINIC PRIMARY CARE PROVIDERS SERVE AS THE PATIENT'S PERSONAL HEALTH ADVOCATE FOCUSING THEIR MEDICAL KNOWLEDGE AND EXPERTISE ON EACH PERSON'S UNIQUE HEALTH NEEDS. THEY OFFER COMPASSIONATE CARE AND PERSONAL ATTENTION - IN SICKNESS AND IN HEALTH.PRIMARY CARE MEDICINE PROVIDES CONTINUING AND COMPREHENSIVE HEALTH CARE FOR THE INDIVIDUAL AND FAMILY AND INCLUDES FAMILY MEDICINE, PEDIATRICS AND INTERNAL MEDICINE SPECIALTIES. PHYSICIANS CLINIC PHYSICIANS ARE KNOWLEDGEABLE IN THE BIOLOGICAL, CLINICAL AND BEHAVIORAL SCIENCES. THE SCOPE OF PRIMARY CARE MEDICINE ENCOMPASSES ALL AGES, GENDERS, ORGAN SYSTEMS AND EVERY DISEASE ENTITY. PHYSICIANS CLINIC HOLDS PHYSICIANS TO THE HIGHEST QUALITY STANDARDS, REQUIRING BOARD CERTIFICATION OF ALL NEW FAMILY PHYSICIANS. PHYSICIANS CLINIC PHYSICIANS PROVIDE THE BEST IN HEALTH CARE FOR THE INDIVIDUAL AND THE INDIVIDUAL'S FAMILY MEMBERS FROM INFANCY TO THE GOLDEN YEARS.DURING 2023 THERE WERE 774,940 VISITS MADE TO THE VARIETY OF PHYSICIAN SPECIALITIES.PHYSICIANS CLINIC HAS ADOPTED A PATIENT-CENTERED MEDICAL HOME MODEL, ONE OF HEALTHCARE'S MOST IMPORTANT INNOVATIONS FOR IMPROVING PRIMARY CARE. PATIENT-CENTERED MEDICAL HOME IS A HEALTHCARE SETTING THAT FACILITATES PARTNERSHIPS BETWEEN INDIVIDUAL PATIENTS, THEIR PERSONAL PHYSICIANS AND, WHEN APPROPRIATE, THE PATIENT'S FAMILY. CARE IS FACILITATED BY REGISTRIES, INFORMATION TECHNOLOGY, HEALTH COACHES, DIABETIC EDUCATORS AND OTHER MEANS TO ASSURE THAT PATIENTS RECEIVE THE INDICATED CARE ON A TIMELY BASIS IN AN APPROPRIATE SETTING.PHYSICIANS CLINIC STARTED ADOPTING THE PATIENT-CENTERED MEDICAL HOME MODEL IN 2012. THE INITIAL FOCUS WAS ON DIABETES CHRONIC CARE WITH A MOVE INTO HYPERTENSION AND STROKE CARE. BY THE END OF 2023, 23 ADULT PRIMARY CARE CLINICS HAD MADE THE TRANSFORMATION TO THE PATIENT-CENTERED MEDICAL HOME MODEL, ACCOUNTING FOR 104 PROVIDER PRACTICES. THERE ARE 79 NCQA DIABETES RECOGNIZED PROVIDERS AND 77 NCQA HEART AND STROKE RECOGNIZED PROVIDERS IN PLACE.

Program 2
Expenses: $47,565,603 Revenue: $28,099,788

METHODIST PHYSICIANS CLINIC HAS TAKEN AN ACTIVE ROLE IN A NATIONAL CARDIOVASCULAR EDUCATION INITIATIVE KNOWN AS HEARTCARING. ONE OF MANY UNIQUE PROGRAM OFFERINGS AVAILABLE THROUGH THE SPIRIT HEALTH...

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METHODIST PHYSICIANS CLINIC HAS TAKEN AN ACTIVE ROLE IN A NATIONAL CARDIOVASCULAR EDUCATION INITIATIVE KNOWN AS HEARTCARING. ONE OF MANY UNIQUE PROGRAM OFFERINGS AVAILABLE THROUGH THE SPIRIT HEALTH GROUP, HEARTCARING FOCUSES ON EDUCATING PRIMARY CARE PHYSICIANS ON GENDER DIFFERENTIATION IN CARDIOVASCULAR CARE. THESE PHYSICIANS, IN TURN, SHARE WITH WOMEN THROUGHOUT THE COMMUNITY THE KNOWLEDGE THEY HAVE GAINED WITH RESPECT TO THE UNIQUE RISK FACTORS, EARLY DETECTION AND APPROPRIATE TREATMENT OPTIONS ASSOCIATED WITH CARDIOVASCULAR DISEASE IN WOMEN. METHODIST PHYSICIANS CLINIC PRIMARY CARE PHYSICIANS PARTICIPATE ANNUALLY IN HEARTCARING TRAINING, THE INFORMATION FROM WHICH WAS SHARED AT COMMUNITY HEALTH FAIRS AND IN-CLINIC OPEN HOUSES, WHEN POSSIBLE.

Program 3
Expenses: $36,947,705 Revenue: $36,928,122

OB-GYN SPECIALISTS AT PHYSICIANS CLINIC ARE FOCUSED ON THE HEALTH CARE NEEDS OF WOMEN AND TREAT THEM WITH THE SPECIAL CARE THEY DESERVE, WHETHER FOR A ROUTINE OFFICE VISIT OR A HOSPITAL STAY...

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OB-GYN SPECIALISTS AT PHYSICIANS CLINIC ARE FOCUSED ON THE HEALTH CARE NEEDS OF WOMEN AND TREAT THEM WITH THE SPECIAL CARE THEY DESERVE, WHETHER FOR A ROUTINE OFFICE VISIT OR A HOSPITAL STAY. GYNECOLOGICAL SERVICES SPAN A SPECTRUM INCLUDING ANNUAL WELLNESS CHECKS, DIAGNOSTIC IMAGING, FAMILY PLANNING, HORMONAL DISORDERS, MENOPAUSAL MANAGEMENT, GYNECOLOGIC SURGERY AND LAPAROSCOPIC SURGERY. AT THE METHODIST PHYSICIANS CLINIC WOMEN'S CENTER, COMFORT AND CONVENIENCE FOR PATIENTS IS A MAIN CONCERN. PHYSICIANS CAN PERFORM MANY PROCEDURES IN STATE-OF-THE-ART EXAM ROOMS. EXPERIENCED OBSTETRICAL SPECIALISTS PROVIDE CARE IN ALL ASPECTS OF PREGNANCY FROM PRECONCEPTION TO POSTPARTUM CARE. PRENATAL VISITS INCLUDE EDUCATION TO PREPARE FOR PARENTHOOD. PHYSICIANS AND STAFF WORK WITH PATIENTS TO DEVELOP A BIRTH PLAN WITH THEIR PATIENTS.PATIENT VISITS IN THIS SPECIALTY FOR 2023 TOTALED 101,869.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $282,940,978
Investment Income $640,820
Other Revenue $975,796
TOTAL REVENUE $284,557,594

Expense Breakdown

Grants Paid $3,984,591
Salaries & Benefits $261,277,043
Fundraising Expenses $0
Program Expenses $321,818,170
Other Expenses $77,404,788
TOTAL EXPENSES $342,666,422

Year-over-Year Comparison

2023 2022 Change
Revenue $284,557,594 $258,633,091 +0.1%
Expenses $342,666,422 $323,383,726 +0.1%
Net Income $-58,108,828 $-64,750,635 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
5
Employees
2233
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$4,946,699
Total Directors
9
$3,073,237
Key Employees
2
$1,090,865
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BROOKE HUBBARD DIRECTOR 1.00
Director
$0 $0 $0
LARRY V PEARSON CHAIRMAN 1.00
Director
$0 $0 $0
SCOTT DAMROW DIRECTOR 1.00
Director
$0 $0 $0
NP DODGE JR DIRECTOR 1.00
Director
$0 $0 $0
JENN BENSON DIRECTOR 1.00
Director
$0 $0 $0
HELENMARI MERRIT-GENORE MD SECRETARY 40.00
Officer Director
$1,205,010 $66,289 $1,271,299
TOM WHITE MD VICE CHAIRMAN 40.00
Officer Director
$681,778 $70,640 $752,418
SUMIT MUKHERJEE MD TREASURER 40.00
Officer Director
$971,772 $77,748 $1,049,520
TODD ENGLE DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY E FRANCIS CFO 6.00
Officer
$0 $148,176 $807,910
TODD D GRAGES PRESIDENT 39.00
Officer
$0 $123,433 $644,796
MICK ELHERT VICE PRESIDENT 40.00
Officer
$0 $66,468 $420,756
ASHELY LEGRAND-ROZOVICS DO MEDICAL DIRECTOR PATIENT E 40.00
Key Emp
$359,336 $52,211 $411,547
JUDITH SCOTT MD MEDICAL DIRECTOR RISK MANA 40.00
Key Emp
$597,737 $81,581 $679,318
JOHN BATTER MD PHYSICIAN 40.00
Highest
$1,075,166 $66,533 $1,141,699
SCOTT DEBATES MD PHYSICIAN 40.00
Highest
$1,147,597 $62,935 $1,210,532
ANJAN TALUKDAR MD PHYSICIAN 40.00
Highest
$1,143,530 $40,798 $1,184,328
ROBERT ARMBRUSTER MD PHYSICIAN 40.00
Highest
$1,241,394 $59,072 $1,300,466
JOSEPH AYOUB MD PHYSICIAN 40.00
Highest
$1,162,470 $83,533 $1,246,003
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $284,557,594 $342,666,422 $103,821,240 $-58,108,828
2022 $258,633,091 $323,383,726 $108,033,296 $-64,750,635
2021 $234,982,156 $278,961,137 $103,813,795 $-43,978,981
2020 $206,180,874 $245,741,917 $98,824,491 $-39,561,043
2019 $206,295,251 $241,129,193 $89,890,529 $-34,833,942
2018 $193,362,654 $219,759,114 $65,967,304 $-26,396,460
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