Overview
What is Wellmont Cardiology Services?
Wellmont Cardiology Services (WCS) is a nonprofit organization based in Johnson City, Tennessee, dedicated to providing top-quality cardiovascular services to the Northeast Tennessee, Southwest Virginia, Southeast Kentucky, and Northwest North Carolina regions. Established in 1978, WCS has grown to become the largest provider of comprehensive cardiovascular services in the area. With a team of 57 certified cardiologists, cardiovascular and thoracic surgeons, and other healthcare professionals, WCS diagnoses, treats, and manages all aspects of adult cardiovascular disease. Their services include general cardiology, preventive cardiology, electrophysiology, interventional cardiology, vascular medicine, structural heart disease, heart failure management, cardiovascular and thoracic surgery, and advanced cardiovascular imaging. WCS strives to improve the cardiovascular health of the region and deliver affordable, high-quality heart and vascular care with compassion. They had 129,210 outpatient encounters and performed 3,778 surgical procedures in fiscal year 2022. WCS also offers financial assistance to individuals who cannot afford essential medical services, and sponsors and participates in educational programs promoting healthy lifestyles and improving the quality of care in the region.
Official website here: www.balladhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Wellmont Cardiology Services has received a Two-Star rating from Charity Navigator, indicating average performance in accountability and finance. The organization demonstrated solid strengths in operational practices, such as having a well-defined audit and oversight committee and policies in place for conflicts of interest and whistleblowers. Additionally, a high percentage of program expenses reflects a commitment to its core mission.
However, significant weaknesses were identified, particularly in governance. The charity lacks independent board members, which raises concerns about oversight and potential conflicts of interest. The liabilities significantly exceed assets, reflected in a concerning ratio of 137.88%, which may indicate financial instability.
While Wellmont Cardiology Services excels in certain operational areas, its governance structure and financial ratios suggest the need for improvement to enhance transparency and accountability, ultimately fostering greater public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Wellmont Cardiology Services legitimate?
Wellmont Cardiology Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellmont Cardiology Services 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: $5,936,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,663,269
For more financial information, click here
Official website here: www.balladhealth.org
What is the mission statement of Wellmont Cardiology Services?
Wellmont Cardiology Services (WCS) is committed to delivering the best possible care to those they serve. This mission-driven organization provides comprehensive cardiovascular services, encompassing all aspects of adult cardiovascular disease. With a team of 57 certified cardiologists, cardiovascular and thoracic surgeons, WCS diagnoses, treats, and manages various heart and vascular conditions. Their services range from general cardiology and preventive cardiology to electrophysiology, interventional cardiology, and advanced cardiovascular imaging. WCS is also dedicated to improving the health of the communities they serve and increasing access to quality, affordable healthcare. They offer clinical research opportunities and serve as a teaching institution through the Cardiovascular University. WCS provides care for individuals unable to pay for essential medical services and supports educational programs on healthy lifestyles and risk factor identification. In fiscal year 2022, WCS had 129,210 outpatient encounters and performed 3,778 surgical procedures.
Official website here: www.balladhealth.org
Who is the CEO of Wellmont Cardiology Services?
Chase Wilson is the Vice President of Wellmont Cardiology Services.
Official website here: www.balladhealth.org
What is the revenue of Wellmont Cardiology Services?
Wellmont Cardiology Services's revenue in 2022 was $62,431,042.
Official website here: www.balladhealth.org
Who are the executives of Wellmont Cardiology Services and what are their salaries?
The average compensation at Wellmont Cardiology Services during 2022 was $134,116. There are 340 employees at Wellmont Cardiology Services.
Here are 22 key members and their salaries:
- Compensation: $635,438
- Related: $0
- Other: $40,887
- Compensation: $631,834
- Related: $0
- Other: $41,279
- Compensation: $0
- Related: $1,021,443
- Other: $104,184
- Compensation: $0
- Related: $1,154,466
- Other: $43,904
- Compensation: $666,510
- Related: $0
- Other: $41,083
- Compensation: $268,879
- Related: $0
- Other: $209
- Compensation: $631,352
- Related: $0
- Other: $43,268
- Compensation: $641,798
- Related: $0
- Other: $21,176
- Compensation: $0
- Related: $811,148
- Other: $93,765
- Compensation: $0
- Related: $664,042
- Other: $85,520
- Compensation: $644,971
- Related: $0
- Other: $42,598
- Compensation: $634,124
- Related: $0
- Other: $42,428
- Compensation: $630,598
- Related: $0
- Other: $45,230
- Compensation: $0
- Related: $716,186
- Other: $86,766
- Compensation: $0
- Related: $279,940
- Other: $38,130
- Compensation: $938,717
- Related: $0
- Other: $36,985
- Compensation: $676,761
- Related: $0
- Other: $34,930
- Compensation: $658,858
- Related: $0
- Other: $42,324
- Compensation: $649,637
- Related: $0
- Other: $43,829
- Compensation: $750,413
- Related: $0
- Other: $30,088
- Compensation: $0
- Related: $105,169
- Other: $31,799
- Compensation: $0
- Related: $269,237
- Other: $21,801
Official website here: www.balladhealth.org
Where can I find the form 990 for Wellmont Cardiology Services?
Wellmont Cardiology Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balladhealth.org
Learn more at the official website: www.balladhealth.org
Mission Statement of Wellmont Cardiology Services
Wellmont Cardiology Services, a leading provider of comprehensive cardiovascular services in the Northeast Tennessee, Southwest Virginia, Southeast Kentucky, and Northwest North Carolina regions, is dedicated to delivering the best possible care to those it serves. This mission is rooted in a deep commitment to improving the cardiovascular health of the community and offering high-quality, cost-effective heart and vascular care with compassion.
Founded in 1978 as Cardiovascular Associates, Wellmont Cardiology Services has grown to become the region's largest cardiovascular services provider, boasting a team of 57 certified cardiologists and cardiovascular and thoracic surgeons. These medical professionals work in twelve community offices and the nine member hospitals of Wellmont Health System, providing a full range of services including general cardiology, preventive cardiology, electrophysiology, interventional cardiology, vascular medicine, structural heart disease, heart failure management, cardiovascular and thoracic surgery, and advanced cardiovascular imaging.
Wellmont Cardiology Services is more than just a medical provider; it is a community advocate and leader in clinical research and teaching. The organization serves as a vital resource for improving access to quality, affordable healthcare, educating regional caregivers, and contributing to the overall health and wellbeing of the communities it serves. In fiscal year 2022, it had 129,210 outpatient encounters and performed 3,778 surgical procedures.
Wellmont Cardiology Services' compassionate approach extends beyond its clinical offerings. It acknowledges its responsibility to provide essential medical services to individuals who cannot afford them, accepting all patients regardless of their ability to pay. This commitment to charity care resulted in a loss of $593,993 during fiscal year 2022. Additionally, the organization supports various initiatives aimed at improving the region's quality of life, including educational programs on healthy lifestyles and risk factor identification, and diagnostic and treatment options. These efforts have earned Wellmont Cardiology Services recognition as a top performer in cardiovascular care, with a 100% quality performance score for NSTEMI and STEMI in the 2019 Performance Achievement Award from the American College of Cardiology.
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Impact
October, 2024
Wellmont Cardiology Services (WCS) significantly enhances the cardiovascular health of the Northeast Tennessee and Southwest Virginia region by delivering comprehensive, high-quality care and specialized services. Established as a leader in the field since its formation, WCS has grown to become the largest provider of such services in the area, employing 57 certified cardiologists and cardiovascular surgeons across numerous community offices and hospitals.
The impact of WCS is evident in its extensive service offerings, which encompass general cardiology, preventive care, electrophysiology, interventional cardiology, vascular medicine, and advanced imaging, among others. In fiscal year 2022 alone, the organization recorded over 129,000 outpatient encounters and performed nearly 3,800 surgical procedures, demonstrating its crucial role in managing and treating adult cardiovascular diseases.
Moreover, WCS is deeply committed to health equity, providing care to all individuals regardless of their financial situation. In fiscal year 2022, WCS provided charity care and incurred a significant loss related to this commitment, reflecting its obligation to serve those in need. This includes accepting patients covered by governmental programs and supporting educational initiatives aimed at promoting healthy lifestyles across the community.
WCS has also established itself as a vital hub for Clinical Research and Education through the Cardiovascular University, fostering regional medical advancements and continuous professional development for healthcare providers. Recognition from the American College of Cardiology for its quality performance underscores WCS's dedication to excellence in patient care.
Through its extensive services, commitment to community health, and proactive educational efforts, Wellmont Cardiology Services plays a critical role in improving the quality of life for the populations it serves, making a lasting impact on cardiovascular health in the region.
This information is meant to be a general summary of Wellmont Cardiology Services. 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: $2,146
- Program Service Revenue: $61,959,616
- Gross Receipts: $62,431,042
Assets and Liabilities:
- Total Assets: $5,691,536
- Total Liabilities: $11,951,369
- Net Assets: -$6,259,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Hospital Support
Revenue
$28,308,713
Net Patient Revenue
Revenue
$27,706,086
Clinical Services
Revenue
$3,269,282
CARES Act Revenue
Revenue
$1,623,491
Research Revenue
Revenue
$1,018,397
Organization Details
Founding Year
2010
Phone
(423) 302-3374Principal Officer
Chase Wilson
Main Address
311 Princeton Road Suite 1, Johnson City, TN, 376012080
Website
www.balladhealth.orgNTEE Category
Code: E30 - Health
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