Memphis, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UT Medical Group Inc, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $80.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.
To be a successful physician led, professionally managed medical practice that benefits our patients and our community, while supporting the UT Health Science Center's mission through clinical excellence, financial responsibility and a culture of care at every touch point.
THE MEDICAL SERVICES PROVIDED BY THE GROUP ARE AVAILABLE TO THE COMMUNITY AS A WHOLE WITHOUT REGARD TO ABILITY TO PAY. MEDICARE, MEDICAID, AND TENNCARE PATIENTS ARE ACCEPTED. THE GROUP HAS AN...
THE MEDICAL SERVICES PROVIDED BY THE GROUP ARE AVAILABLE TO THE COMMUNITY AS A WHOLE WITHOUT REGARD TO ABILITY TO PAY. MEDICARE, MEDICAID, AND TENNCARE PATIENTS ARE ACCEPTED. THE GROUP HAS AN AGREEMENT WITH REGIONAL ONE, THE PUBLIC SAFETY NET HOSPITAL OF SHELBY COUNTY, TENNESSEE, THAT PROVIDES FOR THE DELIVERY OF PROFESSIONAL SERVICES TO INDIGENT PATIENTS, BOTH INPATIENT AND OUTPATIENT. IN ADDITION TO PATIENTS FROM SHELBY COUNTY, THE FACULTY PHYSICIANS AND OTHER PROFESSIONAL EMPLOYEES OF THE GROUP PROVIDE HEALTH CARE SERVICES TO OUT-OF-STATE RESIDENTS AND RESIDENTS OF FOREIGN COUNTRIES WHO HAVE LIMITED INCOMES. DURING THE PERIOD, APPROXIMATELY 33 PERCENT OF THE GROUP'S SERVICES WERE PROVIDED TO PATIENTS WITH TENNCARE, MEDICAID, OR NO INSURANCE COVERAGE. ANOTHER 26 PERCENT WERE PROVIDED TO MEDICARE PATIENTS. THE PROFESSIONAL EMPLOYEES OF THE GROUP ARE DEDICATED TO THE MEDICAL TRAINING AND EDUCATION OF HEALTH PROFESSIONALS IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE. ALTHOUGH EDUCATIONAL ACTIVITIES ARE FUNDED PRIMARILY THROUGH THE UTHSC COLLEGE OF MEDICINE, THE GROUP MAKES SIGNIFICANT CONTRIBUTIONS TO THIS EFFORT WITH BOTH PERSONNEL AND FINANCIAL RESOURCES. DURING THE YEAR, FACULTY PHYSICIANS WERE INVOLVED IN THE EDUCATION OF PRIMARILY THE 3RD AND 4TH YEAR MEDICAL STUDENTS (300 OF THE 600 MEDICAL STUDENTS). ALSO IN CONJUNCTION WITH THE UTHSC COLLEGE OF MEDICINE, THE PROFESSIONAL EMPLOYEES OF THE GROUP ENGAGE IN PROGRAMS OF MEDICAL RESEARCH AND EDUCATION THAT PROMOTE THE LONG-TERM HEALTH AND WELFARE OF PATIENTS AND THE GENERAL PUBLIC. THE RESEARCH PROGRAMS FOCUS ON PREVENTION AND TREATMENT OF ILLNESSES AS WELL AS EFFECTS OF DRUGS AND MEDICATIONS ON A VARIETY OF DISEASES AND MEDICAL CONDITIONS. WHILE SERVING AS THE FACULTY PRACTICE PLAN OF THE UTHSC COLLEGE OF MEDICINE, THE LONG-TERM COMMITMENT OF THE GROUP IS TO CONTINUE TO PROVIDE MEDICAL SERVICES TO ANY AND ALL PATIENTS AND TO PROMOTE GOOD HEALTH THROUGH RESEARCH AND EDUCATION. THE RANGE/TYPE OF SERVICES PROVIDED BY THE CLINICAL DEPARTMENTS INCLUDES PRIMARY CARE, SPECIALTY CONSULTATIONS, SUBSPECIALTY PROCEDURES AND DIAGNOSTIC EVALUATIONS, AND SURGICAL PROCEDURES. HEALTH CARE SERVICES ARE DELIVERED IN NUMEROUS HOSPITAL AND CLINIC SETTINGS, INCLUDING INPATIENT AND OUTPATIENT CARE AT THE REGIONAL MEDICAL CENTER AT MEMPHIS (REGIONAL ONE), LE BONHEUR CHILDREN'S HOSPITAL, MEMPHIS VA MEDICAL CENTER, METHODIST UNIVERSITY HOSPITAL, ST. JUDE CHILDREN'S RESEARCH HOSPITAL, ST. FRANCIS HOSPITAL, BAPTIST MEMORIAL HOSPITALS,AND OTHER LOCAL COMMUNITY HOSPITALS. THE GROUP'S FACULTY PHYSICIANS PROVIDE HEALTH CARE SERVICES TO PATIENTS OF THE CENTERS OF EXCELLENCE AT THE MED. THE CENTERS OF EXCELLENCE INCLUDE THE TRAUMA CENTER, BURN CENTER, WOUND CARE CENTER, NEWBORN CENTER, ADULT SPECIAL CARE, AND SICKLE CELL CENTER.
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 | $80,832,279 | $85,555,164 | -0.1% |
| Expenses | $83,853,741 | $87,680,850 | 0.0% |
| Net Income | $-3,021,462 | $-2,125,686 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| N/A | CHIEF MEDICAL OFFICER | 10.0 |
Officer
Director
|
$458,987 | $74,885 | $730,785 |
| N/A | CHAIRMAN OF THE BOARD | 2.0 |
Officer
Director
|
$85,519 | $32,732 | $2,122,853 |
| N/A | CEO and Board Member | 40.0 |
Officer
Director
|
$361,615 | $41,212 | $402,827 |
| N/A | SECRETARY, CHAIR OF UTHSC | 10.0 |
Director
|
$502,860 | $86,696 | $784,819 |
| N/A | SR VICE CHANCELLOR OF FINA | 2.0 |
Director
|
$0 | $44,634 | $466,015 |
| N/A | CHAIR OF UTHSC DEPT OF SUR | 2.0 |
Director
|
$0 | $25,973 | $870,392 |
| N/A | CHAIR OF UTHSC DEPT OF MED | 2.0 |
Director
|
$0 | $49,377 | $548,974 |
| N/A | SR EXEC ASSOCIATE DEAN OF | 2.0 |
Director
|
$0 | $63,050 | $724,002 |
| N/A | FORMER EXEC VICE CHANCELLOR OF UT | 2.0 |
Director
|
$0 | $37,014 | $889,950 |
| N/A | CHAIR OF UTHSC DEPT OF OTO | 10.0 |
Director
|
$398,285 | $83,793 | $743,390 |
| N/A | CHAIR OF UTHSC DEPT OF FAM | 2.0 |
Director
|
$62,844 | $58,943 | $576,249 |
| N/A | VICE CHANCELLOR OF STRATEGIC PSHIP | 2.0 |
Director
|
$0 | $39,464 | $409,166 |
| N/A | EXEC VICE CHANCELLOR OF UT | 2.0 |
Director
|
$0 | $57,208 | $256,366 |
| N/A | CHAIR OF UTHSC DEPT OF DER | 38.0 |
Director
|
$520,053 | $67,541 | $855,246 |
| N/A | Chief Administrative Officer | 40.0 |
Officer
|
$225,478 | $24,384 | $249,862 |
| N/A | CFO | 40.0 |
Officer
|
$246,774 | $46,883 | $293,657 |
| N/A | PHYSICIAN | 38.0 |
Highest
|
$741,367 | $51,617 | $799,178 |
| N/A | PHYSICIAN | 38.0 |
Highest
|
$523,426 | $107,812 | $843,540 |
| N/A | PHYSICIAN | 38.0 |
Highest
|
$602,102 | $87,872 | $796,221 |
| N/A | PHYSICIAN | 38.0 |
Highest
|
$558,769 | $41,065 | $687,457 |
| N/A | PHYSICIAN | 38.0 |
Highest
|
$814,055 | $46,473 | $892,862 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $80,832,279 | $83,853,741 | $44,059,544 | $-3,021,462 |
| 2022 | $85,555,164 | $87,680,850 | $47,663,795 | $-2,125,686 |
| 2021 | $90,614,625 | $90,646,887 | $46,840,013 | $-32,262 |
| 2020 | $94,800,511 | $93,586,960 | $51,648,174 | $1,213,551 |
| 2019 | $79,350,880 | $81,107,575 | $46,543,175 | $-1,756,695 |
| 2018 | $74,071,659 | $77,160,934 | $39,025,304 | $-3,089,275 |
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