RENTON, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PACMED CLINICS, founded in 2003, is a major nonprofit in the Health Care sector that reported $304.7M in total revenue in fiscal year 2023.
OUR MISSION IS TO PROVIDE RESPECTFUL, HIGH-QUALITY, PATIENT-FOCUSED HEALTHCARE TO EACH PERSON AND TO THE COMMUNITIES WE SERVE. PACMED WELCOMES PATIENTS FROM THE WELL INSURED TO THOSE WHO CANNOT AFFORD HEALTHCARE.
AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND...
AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND.THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES.WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSPROVIDENCE CONTINUES TO EXECUTE ON OUR INTEGRATED STRATEGIC AND FINANCIAL PLAN, WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THE IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES AND REDUCE OUR CARBON FOOTPRINT IN THE COMMUNITIES WE SERVE. PROVIDENCE ADVANCES PROGRESS ON OUR CARBON NEGATIVE GOAL AND IN 2023 WE ESTIMATED THAT WE DECREASED EMISSIONS BY OVER 12 PERCENT COMPARED TO OUR 2019 BASELINE. IN ADDITION, OUR EFFORTS LED TO THE INTRODUCTION OF THE GREEN HOSPITALS ACT, LEGISLATION MODELED AFTER PROVIDENCE THAT WOULD PROVIDE CRITICAL FEDERAL FUNDING TO WEATHERIZE AND MODERNIZE HEALTH CARE FACILITIES. PROVIDENCE COMPLETED A COMPREHENSIVE CLIMATE RESILIENCE PLAN IN ALIGNMENT WITH OUR COMMITMENT TO THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES CLIMATE PLEDGE. WE CONTINUE TO REDUCE GREENHOUSE GAS EMISSIONS WITH A FOCUS ON LED LIGHTING UPGRADES, WATER CONSERVATION, MORE EFFICIENT DELIVERY OF NITROUS OXIDE GAS DURING ANESTHESIA, AND ADVANCING OUR WASTE OPTIMIZATION WORK ACROSS ALL HOSPITALS AND CLINICS. PROGRAM SERVICE ACCOMPLISHMENTSCARE FOR MEDICALLY UNDERSERVED OR UNDERINSURED.PACIFIC MEDICAL CENTERS (PACMED) HAS A MISSION TO ADVOCATE, EDUCATE AND PROVIDE EXTRAORDINARY CARE TO ALL, ESPECIALLY THOSE WHO ARE MEDICALLY UNDERSERVED OR UNABLE TO PAY FOR HEALTH CARE SERVICES.WE SERVE THIS POPULATION IN MANY WAYS.PACMED HAS A LONG-STANDING COMMITMENT TO PROVIDING CARE FOR UNINSURED AND UNDERINSURED PATIENTS IN KING, PIERCE, AND SNOHOMISH COUNTIES. THROUGHOUT OUR HISTORY, WE HAVE FOCUSED ON DELIVERING TOP SPECIALTY SERVICES THAT ARE MOST UTILIZED BY THESE INDIVIDUALS, INCLUDING ONCOLOGY, OTOLARYNGOLOGY, UROLOGY, OPHTHALMOLOGY, AND PULMONOLOGY.AS A FOUNDING MEMBER OF PROJECT ACCESS NORTHWEST, WE ACTIVELY SUPPORT THE PROVISION OF PRO BONO AND LOW-COST SPECIALTY HEALTHCARE TO THE UNINSURED.WE ARE DEDICATED TO SUPPORTING MEDICAL EDUCATION AND TRAINING THE NEXT GENERATION OF PHYSICIANS AND ALLIED HEALTH PROFESSIONALS, SUCH AS NURSE PRACTITIONERS AND PHYSICIAN ASSISTANTS. WITH OVER 50 PROVIDERS ACTIVELY ENGAGED IN TEACHING, MORE THAN HALF OF THEM HOLD CLINICAL FACULTY STATUS AT THE UNIVERSITY OF WASHINGTON. WE ALSO PARTICIPATE IN EXTERN PROGRAMS FOR MEDICAL ASSISTANT AND MEDICAL TECHNICIAN PROGRAMS. OUR COMMITMENT TO MEDICAL TEACHING REFLECTS OUR BELIEF IN COMMUNITY SERVICE, EXCELLENCE, CONTINUOUS LEARNING, AND RESPONSIBLE RESOURCE MANAGEMENT.PACMED IS INVESTING IN HEALTH EQUITY AS WE RECOGNIZE THAT VARIOUS FACTORS, INCLUDING RACE, ETHNICITY, GENDER IDENTITIES, SEXUAL ORIENTATION, AGE, PHYSICAL AND MENTAL ABILITY, RELIGION, AND SOCIOECONOMIC STATUS, CONTRIBUTE TO HEALTH DISPARITIES. WE FIRMLY BELIEVE THAT EVERYONE SHOULD RECEIVE HEALTHCARE THAT ACKNOWLEDGES AND ACTIVELY WORKS TO COUNTER THESE INEQUITIES. TO THIS END, WE HAVE ESTABLISHED A HEALTH EQUITY COUNCIL AND FORMED A DEDICATED HEALTH EQUITY TEAM. THEY IDENTIFY HEALTH DISPARITIES WITHIN OUR PATIENT POPULATION, STRATEGIZE SOLUTIONS, AND CONDUCT OUTREACH TO ENSURE EQUITABLE ACCESS TO HEALTHCARE FOR ALL.AT PACMED, OUR MISSION IS DRIVEN BY THE PRINCIPLES OF PROVIDING QUALITY CARE TO THE UNDERSERVED, SUPPORTING MEDICAL EDUCATION, AND STRIVING FOR HEALTH EQUITY.
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 | $304,688,650 | $299,803,278 | +0.0% |
| Expenses | $319,062,035 | $310,820,588 | +0.0% |
| Net Income | $-14,373,385 | $-11,017,310 | +0.3% |
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 |
|---|---|---|---|---|---|---|
| ERIK WEXLER | PRESIDENT/CEO | 0.50 |
Officer
|
$0 | $461,693 | $5,616,067 |
| GREG HOFFMAN | EVP & CFO/TREASURER | 0.50 |
Officer
|
$0 | $334,955 | $3,539,549 |
| JO ANN ESCASA-HAIGH | FRMR EVP/ASSISTANT TREASURER | 0.00 |
|
$0 | $10,754 | $3,302,551 |
| ANNA NEWSOM | EVP & CHIEF LEGAL OFFICER/SECRETARY | 1.00 |
Officer
|
$0 | $412,545 | $2,329,749 |
| JIM WATSON ESQ | ASSISTANT SECRETARY | 0.50 |
Officer
|
$0 | $146,931 | $1,115,622 |
| THOMAS LAMPERTI | PHYSICIAN | 50.00 |
Highest
|
$927,051 | $119,675 | $1,046,726 |
| CHAD MARION | PHYSICIAN | 50.00 |
Highest
|
$906,080 | $111,365 | $1,017,445 |
| MELINDA LIU | PHYSICIAN | 50.00 |
Highest
|
$955,573 | $39,134 | $994,707 |
| JIM MARTIN | ASSISTANT TREASURER (PART YEAR) | 1.00 |
Officer
|
$0 | $115,635 | $944,563 |
| DAVID WHITE | PHYSICIAN | 50.00 |
Highest
|
$832,545 | $102,983 | $935,528 |
| VIKRAM DABHI | PHYSICIAN | 50.00 |
Highest
|
$779,817 | $108,766 | $888,583 |
| JOHN WHIPPLE | FRMR SECRETARY | 0.00 |
|
$0 | $0 | $541,701 |
| SCOTT COMBS | CFO SERVICE AREA | 55.00 |
Key Emp
|
$0 | $65,614 | $451,529 |
| DONALD ANDERSON JR | ASSISTANT SECRETARY FOR ENROLLMENT | 0.50 |
Officer
|
$0 | $30,846 | $323,721 |
| MARY LYONS PHD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $100,085 |
| MICHAEL MURPHY | BOARD CHAIR | 1.00 |
Director
|
$0 | $0 | $75,066 |
| CHARLES SORENSON MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $50,000 |
| ISIAAH CRAWFORD PHD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $50,000 |
| RICHARD BLAIR | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $50,000 |
| ERIC SPRUNK | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $40,000 |
| MARY BETH KINGSTON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $40,000 |
| MARVIN O'QUINN | DIRECTOR (PART YEAR) | 0.50 |
Director
|
$0 | $0 | $0 |
| SISTER CAROL PACINI LCM | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SISTER DIANE HEJNA CSJ RN | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SISTER PHYLLIS HUGHES RSM DRPH | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $304,688,650 | $319,062,035 | $207,258,921 | $-14,373,385 |
| 2022 | $299,803,278 | $310,820,588 | $208,510,168 | $-11,017,310 |
| 2021 | $295,419,910 | $289,045,871 | $156,636,726 | $6,374,039 |
| 2020 | $259,904,955 | $272,001,106 | $129,795,902 | $-12,096,151 |
| 2019 | $246,042,204 | $254,324,708 | $108,233,024 | $-8,282,504 |
| 2019 | $246,042,204 | $275,647,738 | $108,233,024 | $-29,605,534 |
| 2018 | $244,445,662 | $250,915,811 | $101,603,942 | $-6,470,149 |
| 2018 | $244,445,662 | $274,820,682 | $101,603,942 | $-30,375,020 |
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