Overview
What is Indiana Healthcare Physician Services Inc?
Indiana Healthcare Physician Services Inc, also known as IHPS, is a non-profit hospital-owned group of practices based in Indiana. With a mission to support the missions and values of Indiana Regional Medical Center, IHPS provides healthcare services to rural communities in Indiana and surrounding areas. IHPS focuses on rebuilding the revenue cycle and cost structure of physician offices, recruiting new physicians, and collaborating with other non-profit agencies. They offer various programs and services, including mental health care, primary care social work, and financial aid for individuals based on income. IHPS also provides internship opportunities for students pursuing health-related degrees and satellite primary care locations for rural health access. Their staff is active in local health initiatives, speaking engagements, and community programs related to health issues or wellness. Additionally, they offer free parking for patients and employees, health screening participation, and participate in the United Way campaign. IHPS has integrated ambulatory and acute quality with cross-functioning team leadership, provides quality billing services, and supports newly established residency programs. This fiscal year, they have introduced new services such as the Weight Management Institute, Bariatric Surgery Program, Walk-in Clinic, and support locations for the residency program.
Official website here: www.indianarmc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Indiana Healthcare Physician Services Inc has received a two-star rating from Charity Navigator, indicating a need for improvement, particularly in accountability and financial management. The organization scored 73% overall, with specific strengths noted in areas such as having an independent board size and a strong financial oversight committee. These factors reflect a commitment to maintaining a degree of organizational governance.
However, the organization faces challenges, particularly with its board composition, where only 44% of its board members are independent. This aspect could impact the effectiveness of governance and accountability. Additionally, there are significant concerns regarding the liabilities to assets ratio, which sits at 79.17%, suggesting potential financial instability.
While Indiana Healthcare Physician Services Inc has demonstrated good practices in conflict of interest and whistleblower policies, the lack of accessible tax documents on their website further detracts from their transparency. Overall, while there are positive attributes to the organization's operations, the highlighted areas of concern warrant further attention to enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Healthcare Physician Services Inc legitimate?
Indiana Healthcare Physician Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Healthcare Physician Services 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,267,739
For more financial information, click here
Official website here: www.indianarmc.org
What is the mission statement of Indiana Healthcare Physician Services Inc?
Indiana Healthcare Physician Services Inc is a non-profit organization dedicated to providing health services in rural areas. Owned and operated by a hospital, its mission aligns with Indiana Regional Medical Center's goal of delivering healthcare and educational services to all, regardless of discrimination. The group offers accessible, affordable, and quality healthcare within rural communities in Indiana and surrounding regions. Their commitment extends to ensuring continuity of care and maintaining cost-effectiveness, all while adhering to the highest standards of healthcare delivery.
Official website here: www.indianarmc.org
Who is the CEO of Indiana Healthcare Physician Services Inc?
Stephen A Wolfe is the President & Ceo of Indiana Healthcare Physician Services Inc. The CEO's salary of Indiana Healthcare Physician Services Inc is $0 and their total compensation is $805,864.
Official website here: www.indianarmc.org
What is the revenue of Indiana Healthcare Physician Services Inc?
Indiana Healthcare Physician Services Inc's revenue in 2022 was $33,361,308.
Official website here: www.indianarmc.org
Who are the executives of Indiana Healthcare Physician Services Inc and what are their salaries?
The average compensation at Indiana Healthcare Physician Services Inc during 2022 was $26,499. There are 312 employees and 2 volunteers at Indiana Healthcare Physician Services Inc.
Here are 14 key members and their salaries (Indiana Healthcare Physician Services Inc's CEO's salary is $0 and their total compensation is $805,864):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $77,735
- Other: $128
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $671,890
- Other: $133,974
- Compensation: $0
- Related: $442,764
- Other: $28,435
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $37,920
- Other: $0
- Compensation: $0
- Related: $290,502
- Other: $24,384
- Compensation: $649,273
- Related: $0
- Other: $52,893
- Compensation: $524,992
- Related: $0
- Other: $37,124
- Compensation: $548,836
- Related: $0
- Other: $16,052
- Compensation: $548,350
- Related: $0
- Other: $33,680
- Compensation: $500,011
- Related: $0
- Other: $31,107
Official website here: www.indianarmc.org
Where can I find the form 990 for Indiana Healthcare Physician Services Inc?
Indiana Healthcare Physician Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indianarmc.org
Learn more at the official website: www.indianarmc.org
Mission Statement of Indiana Healthcare Physician Services Inc
Indiana Healthcare Physician Services Inc, a non-profit hospital-owned group of practices, is dedicated to serving the rural areas of Indiana and surrounding communities. With a mission aligned with that of Indiana Regional Medical Center, this organization strives to provide healthcare and educational services to all, without discrimination. Through accessible, cost-effective, and quality healthcare, Indiana Healthcare Physician Services Inc aims to make a positive impact within the rural communities it serves.
In pursuit of this objective, the organization operates with the goal of supporting the missions and values of Indiana Regional Medical Center. This commitment to preventive health services extends beyond the walls of hospitals, reaching out to those in need within their local communities. Indiana Healthcare Physician Services Inc is on a mission to ensure that everyone in these areas has access to essential healthcare services.
By providing accessible healthcare, this non-profit organization is making a significant difference in the lives of many individuals. The team at Indiana Healthcare Physician Services Inc works tirelessly to ensure that the care they offer is of the highest quality, making it an invaluable resource for the communities they serve. Through their efforts, they are helping to bridge the gap between rural areas and the access to essential healthcare services that are often more readily available in urban communities.
In carrying out its mission, Indiana Healthcare Physician Services Inc continues to be a beacon of hope and a vital resource for the rural populations in Indiana and its surrounding areas. By focusing on preventive health services, the organization is helping to improve the overall well-being of the communities it serves and contributing to a healthier future for all.
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Impact
October, 2024
Indiana Healthcare Physician Services Inc significantly enhances the health landscape of rural areas in Indiana and surrounding communities. By focusing on preventative health services, the organization addresses the unique challenges faced by these populations, ensuring that individuals have access to essential healthcare without discrimination.
The organization's commitment to accessible, cost-effective quality healthcare is evident through various initiatives. For instance, it rebuilds the revenue cycle and cost structures of local physician offices, which is critical for sustainability and service improvement. This focus on operational efficiency allows for a broader range of medical services, including newly established programs like the Weight Management Institute, Bariatric Surgery Program, and walk-in clinics.
Moreover, Indiana Healthcare Physician Services collaborates with nonprofit agencies and engages in community outreach through educational workshops and health screenings. Their efforts extend to mental health care, social work services, and financial aid programs, addressing social determinants of health and providing vital resources to those in need.
Additionally, by serving as an internship host site for students pursuing healthcare-related degrees, the organization contributes to workforce development in the region. Its community involvement ensures that healthcare needs are met through a collaborative approach, with IHPS staff actively participating in local task forces and boards aimed at improving health outcomes.
The impact of Indiana Healthcare Physician Services Inc is profound, as it plays a pivotal role in enhancing community health, providing essential services, and fostering a collaborative environment focused on improving the overall well-being of the populations it serves.
This information is meant to be a general summary of Indiana Healthcare Physician Services 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: $983
- Program Service Revenue: $28,907,862
- Gross Receipts: $33,361,308
Assets and Liabilities:
- Total Assets: $7,153,039
- Total Liabilities: $20,962,468
- Net Assets: -$13,809,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OUTPATIENT REVENUE
Revenue
$28,907,862
Organization Details
Founding Year
2000
Phone
(724) 357-7008Principal Officer
Stephen A Wolfe
Main Address
PO BOX 788, INDIANA, PA, 15701
Website
www.indianarmc.orgNTEE Category
Code: E30 - Health
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