Overview
What is Beacon Medical Group Inc?
Beacon Medical Group Inc, based in South Bend, Indiana, is a multi-specialty healthcare organization employing over 1,800 individuals. They operate a network of physician practices and run several hospital-based practices for various medical specialists, including hospitalists, trauma orthopedic surgeons, and pediatric intensivists. In addition, they manage Med-Point Urgent Care Centers to complement their medical services. Their core lab supports the employed physicians, and they run a high complexity lab for advanced diagnostic testing. The mission of Beacon Medical Group is to deliver excellent care, inspire health, and connect with compassion. They aim to inspire health through various initiatives and connect with their patients from the heart.
Official website here: www.beaconhealthsystem.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Beacon Medical Group Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored a total of 96%, with all points accrued in the Accountability & Finance category, suggesting robust governance practices and a high level of financial health. This rating indicates that donors can trust the organization to manage their contributions effectively.
The organization boasts a fully independent board, with 100% of its members meeting independence criteria, which enhances its governance structure. Beacon Medical Group Inc also has a strong financial oversight mechanism in place, as evidenced by perfect scores in areas like audit and oversight committees, material diversion of assets, and the presence of various governance policies like conflict of interest and whistleblower protections.
However, while the financial health appears sound with a program expense ratio of 87.77%, the organization should continue to monitor and maintain its operational efficiency to ensure long-term sustainability. Overall, Beacon Medical Group Inc presents itself as a responsible and trustworthy nonprofit, making effective use of donor funds while adhering to strong ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Medical Group Inc legitimate?
Beacon Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Medical Group 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: $784,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,277,320
For more financial information, click here
Official website here: www.beaconhealthsystem.org
What is the mission statement of Beacon Medical Group Inc?
Beacon Medical Group Inc is dedicated to delivering exceptional healthcare services, inspiring overall wellness, and building meaningful connections with patients. The group operates a network of medical specialists and immediate care centers, in addition to managing hospital-based practices for various healthcare professionals. They also oversee a high complexity core laboratory to support their employed physicians. Through their Med-Point urgent care centers, they extend their services to supplement the medical group's primary care network. In summary, Beacon Medical Group Inc is committed to providing high-quality care, fostering health and wellness, and forming heartfelt connections with those they serve.
Official website here: www.beaconhealthsystem.org
Who is the CEO of Beacon Medical Group Inc?
Unavailable The CEO's salary of Beacon Medical Group Inc is $0 and their total compensation is $1,764,630.
Official website here: www.beaconhealthsystem.org
What is the revenue of Beacon Medical Group Inc?
Beacon Medical Group Inc's revenue in 2022 was $186,390,453.
Official website here: www.beaconhealthsystem.org
Who are the executives of Beacon Medical Group Inc and what are their salaries?
The average compensation at Beacon Medical Group Inc during 2022 was $104,144. There are 1873 employees at Beacon Medical Group Inc.
Here are 16 key members and their salaries (Beacon Medical Group Inc's CEO's salary is $0 and their total compensation is $1,764,630):
- Compensation: $1,108
- Related: $0
- Other: $0
- Compensation: $21,900
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $749
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,110
- Other: $0
- Compensation: $1,099
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $0
- Related: $878,794
- Other: $126,495
- Compensation: $0
- Related: $1,543,364
- Other: $221,266
- Compensation: $651,416
- Related: $0
- Other: $107,425
- Compensation: $1,284,070
- Related: $0
- Other: $38,711
- Compensation: $1,385,042
- Related: $0
- Other: $38,711
- Compensation: $1,336,902
- Related: $0
- Other: $38,711
- Compensation: $1,592,574
- Related: $0
- Other: $37,909
- Compensation: $1,370,876
- Related: $0
- Other: $38,711
Official website here: www.beaconhealthsystem.org
Where can I find the form 990 for Beacon Medical Group Inc?
Beacon Medical Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaconhealthsystem.org
Learn more at the official website: www.beaconhealthsystem.org
Mission Statement of Beacon Medical Group Inc
Beacon Medical Group Inc, a leading medical organization, is committed to delivering exceptional care, inspiring health, and connecting with heart. This mission statement reflects the group's dedication to providing top-notch medical services while fostering overall well-being and building meaningful connections with patients.
The organization's extensive network of physicians, including those specializing in various fields, forms the backbone of Beacon Medical Group's operations. In addition to physician practices, BMG manages hospital-based practices for hospitalists, trauma orthopedic surgeons, and pediatric intensivists. The group's multispecialty care network ensures that patients have access to comprehensive medical services, addressing a wide range of health concerns.
Beacon Medical Group's commitment to patient care goes beyond the physician practices. The organization also operates high complexity core laboratories to support its employed physicians, ensuring accurate and timely diagnostic results. Furthermore, BMG manages Med-Point Urgent Care Centers, providing supplementary medical services to cater to the needs of patients requiring prompt attention.
In summary, Beacon Medical Group Inc is a dynamic medical organization that delivers outstanding care, inspires health, and connects with heart. By operating a vast network of physician practices, managing hospital-based practices, and providing diagnostic laboratory services, Beacon Medical Group ensures that it addresses the diverse healthcare needs of its patients in a holistic and compassionate manner.
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Impact
October, 2024
Beacon Medical Group Inc plays a pivotal role in the healthcare landscape by operating a multi-specialty care network that enhances access to quality medical services. Serving the South Bend community, it includes a range of physician practices and urgent care centers, ensuring that patients receive timely and comprehensive medical attention.
The organization excels in delivering outstanding care through its dedicated team of healthcare professionals. By managing high complexity core laboratories, it supports its physicians with advanced diagnostic capabilities, which is essential for effective treatment.
In addition to primary care, Beacon Medical Group also oversees several hospital-based practices, providing specialized services from hospitalists, trauma orthopedic surgeons, and pediatric intensivists. This integrated approach not only improves patient outcomes but also fosters a collaborative environment among healthcare providers.
Through its commitment to inspiring health and connecting with patients on a personal level, Beacon Medical Group Inc significantly impacts the well-being of individuals and the community as a whole, prioritizing quality care and accessibility in healthcare services.
This information is meant to be a general summary of Beacon Medical Group 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: $129,394
- Program Service Revenue: $184,627,121
- Gross Receipts: $186,785,002
Assets and Liabilities:
- Total Assets: $117,701,782
- Total Liabilities: $30,683,225
- Net Assets: $87,018,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Patient Revenue
Revenue
$165,000,669
Clinical Trial Revenue
Revenue
$308,740
Management Admin Services
Revenue
$1,269,298
Medical Directorship
Revenue
$1,778,640
Med Svcs to Affiliates
Revenue
$9,796,459
Organization Details
Founding Year
1981
Phone
(574) 647-3549Main Address
615 N MICHIGAN STREET, SOUTH BEND, IN, 46601
Website
www.beaconhealthsystem.orgNTEE Category
Code: E21 - Health
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