Phoenix, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Banner Medical Group Colorado, founded in 2009, is a major nonprofit in the Health Care sector that reported $120.5M in total revenue in fiscal year 2023. Expenses of $185.3M exceeded revenue, resulting in a 54% operating deficit.
ASSIST BANNER HEALTH TO COMPLETE ITS MISSION TO MAKE HEALTH CARE EASIER, SO LIFE CAN BE BETTER BY PROVIDING INTEGRATED & COORDINATED CARE & POPULATION HEALTH MANAGEMENT.
Banner Medical Group Colorado (BMGC) is committed to PROVIDING INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT. SEE SCHEDULE O FOR ADDITIONAL DETAILS. BMGC WAS FORMED FOR THE...
Banner Medical Group Colorado (BMGC) is committed to PROVIDING INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT. SEE SCHEDULE O FOR ADDITIONAL DETAILS. BMGC WAS FORMED FOR THE PURPOSES OF ENABLING THE BANNER HEALTH SYSTEM TO PROVIDE INTEGRATED AND COORDINATED CARE AND POPULATION HEALTH MANAGEMENT, THEREBY FURTHERING BANNER HEALTH'S EXEMPT PURPOSES BY ENABLING IT TO PROVIDE HIGHER QUALITY, MORE EFFICIENT (AND LESS DUPLICATIVE) AND LESS EXPENSIVE HEALTHCARE FOR THE COMMUNITIES IT SERVES. BY CONSOLIDATING PROVIDER EMPLOYMENT WITHIN A SINGLE ENTITY, BMGC IS ABLE TO COORDINATE AND INTEGRATE WITH BANNER HEALTH IN ORDER TO IMPROVE TRANSPARENCY AND ACCOUNTABILITY IN THE PROVIDER OPERATIONS AND TO ALIGN THE PROVIDERS OPERATIONS MORE FULLY AND CONSISTENTLY WITH THE EXEMPT PURPOSES AND OPERATIONS OF BANNER HEALTH. THIS ALLOWS THE BANNER HEALTH SYSTEM TO RESPOND TO CHANGES IN THE COMMUNITY HEALTHCARE SYSTEM ENCOURAGED BY THE PATIENT PROTECTION AND AFFORDABLE CARE ACT OF 2010. BMGC ACTIVITIES ARE PRIMARILY FUNDED THROUGH PROFESSIONAL REVENUE EARNED THROUGH THE ACTIVITIES OF THE EMPLOYED PHYSICIANS AND SUPPORT FROM BANNER HEALTH. BMGC'S EMPLOYED PROVIDERS PROVIDE THE FOLLOWING SERVICES: A. MOST OF THE PROVIDERS ARE HOUSED IN BANNER HEALTH CLINICS LOCATED THROUGHOUT THE SERVICE AREA OF BANNER HEALTH'S ACUTE CARE HOSPITALS. THESE PROVIDERS INCLUDE PRIMARY CARE PROVIDERS AND SPECIALISTS WHO MEET THE HEALTHCARE NEEDS OF THE AREA BY PROVIDING HIGH-QUALITY HEALTHCARE IN A CONVENIENT AND PATIENT-FRIENDLY ENVIRONMENT. A NUMBER OF THESE PROVIDERS WILL EVENTUALLY BE GROUPED INTO LARGER BH CENTERS WHICH WILL PROVIDE A VARIETY OF PRIMARY AND SPECIALIST PROVIDER SERVICES AND ANCILLARY SERVICES SUCH AS CLINICAL LABORATORY, IMAGING, PHYSICAL THERAPY, AMBULATORY SURGERY, AND OTHER SERVICES FOUND IN MULTI-SPECIALTY PROVIDER CLINIC SITES. B. ANOTHER GROUP OF BMGC'S PROVIDERS ARE WORKING, AND WILL CONTINUE TO WORK, PRIMARILY IN BH'S ACUTE CARE HOSPITALS TO PROVIDE SPECIALTY PROCEDURE-BASED CARE, SUCH AS CARDIOLOGY, GASTROENTEROLOGY, UROLOGY, RADIOLOGY, CARDIOVASCULAR SURGERY, BARIATRIC SURGERY, ORTHOPEDIC SURGERY AND GENERAL SURGERY. THIS GROUP OF PROVIDERS ALSO INCLUDES HOSPITALISTS, WHO PROVIDE 24/7 CARE FOR PATIENTS ADMITTED TO BH'S ACUTE CARE HOSPITALS, AND INTENSIVISTS, WHO PROVIDE CARE FOR PATIENTS ADMITTED TO BANNER HEALTH'S INTENSIVE CARE UNITS, INCLUDING INTENSIVISTS WHO ARE EMPLOYED IN BH'S E-ICU, A REMOTE ICU MONITORING SYSTEM THAT ENABLES HIGHLY TRAINED AND EXPERIENCED INTENSIVISTS HOUSED IN REMOTE MONITORING CENTERS TO OBSERVE AND MONITOR ICU PATIENTS ON A 24/7 BASIS, INCLUDING PATIENTS ADMITTED TO ICUS IN BANNER HEALTH'S SMALLER, RURAL HOSPITALS. C. ANOTHER COMPONENT OF BMGC'S PHYSICIANS AND ALLIED HEALTH PROVIDERS PROVIDE OCCUPATIONAL HEALTH SERVICES IN BH'S OCCUPATIONAL HEALTH CLINICS. THESE CLINICS PROVIDE TRADITIONAL WORKERS COMPENSATION, EMPLOYEE HEALTH EVALUATIONS AND SIMILAR SERVICES, BOTH FOR BANNER HEALTH'S SUBSTANTIAL WORKFORCE AND FOR EMPLOYERS IN THE COMMUNITIES SERVED BY BANNER HEALTH'S HOSPITALS.
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 | $120,513,263 | $113,976,050 | +0.1% |
| Expenses | $185,336,414 | $174,127,058 | +0.1% |
| Net Income | $-64,823,151 | $-60,151,008 | +0.1% |
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 | DIRECTOR/TREASURER/Division CFO | 20.0 |
Officer
Director
|
$0 | $38,565 | $540,167 |
| N/A | Director/Secretary / COO - Medical Group | 20.0 |
Officer
Director
|
$0 | $40,616 | $416,842 |
| N/A | Director/CEO - BMG | 20.0 |
Officer
Director
|
$0 | $184,727 | $949,321 |
| N/A | PHYSICIAN | 40.0 |
Highest
|
$819,000 | $37,794 | $856,794 |
| N/A | Physician | 40.0 |
Highest
|
$911,643 | $32,237 | $943,880 |
| N/A | PHYSICIAN | 40.0 |
Highest
|
$994,141 | $37,920 | $1,032,061 |
| N/A | PHYSICIAN | 40.0 |
Highest
|
$819,111 | $41,654 | $860,765 |
| N/A | PHYSICIAN | 40.0 |
Highest
|
$1,007,266 | $37,824 | $1,045,090 |
| N/A | FORMER SECRETARY | 0.0 |
|
$0 | $141,723 | $668,530 |
| N/A | Former COO - Medical Group | 0.0 |
|
$0 | $2,615 | $112,105 |
| N/A | FORMER ASSISTANT SECRETARY | 0.0 |
|
$0 | $12,837 | $165,882 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $120,513,263 | $185,336,414 | $24,513,507 | $-64,823,151 |
| 2022 | $113,976,050 | $174,127,058 | $21,866,833 | $-60,151,008 |
| 2021 | $111,211,021 | $184,121,587 | $23,268,499 | $-72,910,566 |
| 2020 | $104,813,290 | $175,275,935 | $27,825,557 | $-70,462,645 |
| 2019 | $119,056,527 | $174,884,818 | $26,420,672 | $-55,828,291 |
| 2018 | $113,633,969 | $170,189,089 | $15,598,279 | $-56,555,120 |
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