Overview
What is Baystate Medical Practices Inc?
Baystate Medical Practices Inc, a Massachusetts-based nonprofit organization with 2236 employees, is dedicated to enhancing community health through physician services, medical education, and research programs. Their mission is to provide quality and compassionate care to individuals, regardless of their ability to pay. This includes offering charity care and reduced rates based on financial capability. Beyond patient care, Baystate Medical Practices' physicians engage in various community outreach initiatives, such as school-based health clinics, professional development courses, and school-to-work programs. The organization focuses on improving the health of disadvantaged communities, with a specific emphasis on AIDS and HIV, and provides staffing for community-based health centers. Baystate Medical Practices aims to be the multispecialty group practice of choice, known for exceptional service, quality, value, and academic leadership.
Official website here: www.baystatehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
Baystate Medical Practices Inc has received a two-star rating from Charity Navigator, indicating that the organization has room for improvement in its accountability and financial practices. While the nonprofit scores well in areas such as financial statements and material asset diversion, it falls short in demonstrating an independent board, which is critical for good governance. The lack of majority independent board members raises concerns regarding oversight and transparency.
Strengths of Baystate Medical Practices Inc include a solid program expense ratio, which suggests that the majority of its funds are directed towards its programs. The organization also has a robust conflict of interest and whistleblower policy in place, further demonstrating its commitment to ethical practices. However, the absence of independent board members and an adequate liabilities to assets ratio suggest potential weaknesses in its financial stability and governance structure.
Despite the positive aspects, the organization's inability to post tax forms on its website and the lack of independent oversight indicate areas that need attention. To enhance its credibility and effectiveness, Baystate Medical Practices Inc should consider strengthening its board structure and improving financial disclosures to assure stakeholders of its commitment to transparency and responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is Baystate Medical Practices Inc legitimate?
Baystate Medical Practices Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baystate Medical Practices Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $10,865,216
Professional Fundraising Fees: $0
Other Salaries and Wages: $291,766,436
For more financial information, click here
Official website here: www.baystatehealth.org
What is the mission statement of Baystate Medical Practices Inc?
Baystate Medical Practices Inc is dedicated to enhancing the health of communities with compassion and quality. Their mission is to be the multi-specialty group practice of choice, renowned for exceptional service, quality, value, and academic leadership. The organization offers physician services, medical education, and research programs to individuals in need of medical care, regardless of their ability to pay. Depending on the patient's financial capabilities, Baystate Medical Practices may provide care free of charge or at reduced rates. In addition to charity care, their physicians engage in various community outreach initiatives, focusing on education, employment, safety, and health. For instance, the pediatric department collaborates with schools to enhance health education programs, provide professional development courses, and establish a school-to-work program. Baystate Medical Practices also takes a leading role in strengthening the health of disadvantaged citizens by providing physician staffing for community-based health centers and addressing specific health concerns, such as AIDS and HIV.
Official website here: www.baystatehealth.org
Who is the CEO of Baystate Medical Practices Inc?
Raymond Mccarthy is the Director of Baystate Medical Practices Inc.
Official website here: www.baystatehealth.org
What is the revenue of Baystate Medical Practices Inc?
Baystate Medical Practices Inc's revenue in 2022 was $409,706,387.
Official website here: www.baystatehealth.org
Who are the executives of Baystate Medical Practices Inc and what are their salaries?
The average compensation at Baystate Medical Practices Inc during 2022 was $135,345. There are 2236 employees and 1 volunteer at Baystate Medical Practices Inc.
Here are 30 key members and their salaries:
- Compensation: $1,417,231
- Related: $0
- Other: $228,343
- Compensation: $1,104,510
- Related: $0
- Other: $37,319
- Compensation: $1,045,794
- Related: $0
- Other: $26,405
- Compensation: $997,626
- Related: $0
- Other: $52,831
- Compensation: $849,817
- Related: $0
- Other: $56,271
- Compensation: $719,203
- Related: $0
- Other: $66,063
- Compensation: $684,082
- Related: $0
- Other: $65,631
- Compensation: $666,501
- Related: $0
- Other: $45,169
- Compensation: $652,232
- Related: $0
- Other: $52,084
- Compensation: $610,132
- Related: $0
- Other: $38,859
- Compensation: $600,324
- Related: $0
- Other: $41,869
- Compensation: $539,940
- Related: $0
- Other: $73,769
- Compensation: $567,119
- Related: $0
- Other: $45,295
- Compensation: $547,782
- Related: $0
- Other: $60,116
- Compensation: $527,067
- Related: $0
- Other: $40,060
- Compensation: $521,238
- Related: $0
- Other: $44,980
- Compensation: $454,508
- Related: $0
- Other: $65,674
- Compensation: $446,344
- Related: $0
- Other: $48,304
- Compensation: $402,094
- Related: $0
- Other: $25,043
- Compensation: $317,368
- Related: $0
- Other: $41,880
- Compensation: $272,572
- Related: $0
- Other: $55,446
- Compensation: $177,727
- Related: $0
- Other: $34,388
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $168,920
- Related: $0
- Other: $42,432
- Compensation: $535,565
- Related: $0
- Other: $63,913
- Compensation: $2,426,422
- Related: $0
- Other: $57,559
- Compensation: $1,039,768
- Related: $0
- Other: $85,974
- Compensation: $883,699
- Related: $0
- Other: $47,686
- Compensation: $846,386
- Related: $0
- Other: $43,151
- Compensation: $810,103
- Related: $0
- Other: $51,662
Official website here: www.baystatehealth.org
Where can I find the form 990 for Baystate Medical Practices Inc?
Baystate Medical Practices Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baystatehealth.org
Learn more at the official website: www.baystatehealth.org
Mission Statement of Baystate Medical Practices Inc
Baystate Medical Practices Inc, a leading multi-specialty group practice, is dedicated to enhancing the health and well-being of individuals in their communities with unwavering quality and compassion. The organization's ultimate objective is to be the choice of patients seeking exceptional service, quality, value, and academic leadership.
In practice, Baystate Medical Practices provides physician services, medical education, and research programs to people, irrespective of their financial capabilities. The practice offers care to those in need, regardless of their ability to pay, making healthcare accessible to all. Depending on the patient's financial situation, the practice may provide care free of charge or at reduced rates. Although the charity care provided is not reported as revenue, Baystate Medical Practices' physicians contribute significantly to community outreach initiatives.
Baystate Medical Practices' physicians participate in a multitude of ongoing community programs, focusing on areas such as education, employment, safety, and health. For instance, pediatricians in collaboration with the Springfield School Department manage six school-based clinics, which bolster school health education programs, offer professional development courses for teachers, and establish a school-to-work program. Furthermore, Baystate Medical Practices has assumed a leadership position in fortifying the health of disadvantaged citizens by concentrating on health issues such as AIDS and HIV. To extend their reach, they provide physician staffing for three community-based health centers via Baystate Medical Center.
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Impact
October, 2024
Baystate Medical Practices Inc (BMP) significantly impacts the health and well-being of communities in and around Springfield, MA, by providing comprehensive medical services with a focus on quality and compassion. Its commitment to caring for all individuals, regardless of their ability to pay, ensures that essential healthcare is accessible to those in need. This inclusive approach not only alleviates immediate medical concerns but also fosters a healthier populace.
BMP excels in delivering multi-specialty care while engaging in vital community outreach initiatives. By collaborating with local schools to operate health clinics and offering educational programs, BMP enhances health literacy and ensures that students have access to necessary health services. Additionally, BMP plays a crucial role in addressing public health issues, particularly for disadvantaged citizens, by providing resources and support for conditions such as HIV/AIDS through its staffing of community health centers.
The organization's dedication to medical education and research further strengthens its impact, establishing it as a leader in the region. This focus on continuous improvement and academic leadership enhances the quality of care available, making Baystate Medical Practices a trusted healthcare provider in the community. Overall, BMP's comprehensive services, community engagement, and educational efforts significantly contribute to improving public health and fostering a healthier future for all.
This information is meant to be a general summary of Baystate Medical Practices Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$58,084
- Program Service Revenue: $403,567,371
- Gross Receipts: $409,876,278
Assets and Liabilities:
- Total Assets: $65,911,204
- Total Liabilities: $114,095,639
- Net Assets: -$48,184,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHYSICIAN PRACTICE FEE
Revenue
$192,792,254
HOSPITAL REIMB PROGRAM
Revenue
$113,629,602
PRACTICE LEASE AGRMNTS
Revenue
$65,006,662
AFF. CONTRACT SERVICES
Revenue
$8,855,694
FUNDING-STRTGIC GROWTH
Revenue
$7,918,001
Organization Details
Founding Year
1985
Phone
(413) 794-0000Principal Officer
Raymond Mccarthy
Main Address
759 CHESTNUT STREET, SPRINGFIELD, MA, 01199
Website
www.baystatehealth.orgNTEE Category
Code: E31 - Health
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