Overview
What is Novant Medical Group Inc?
Novant Medical Group Inc is a physician-led nonprofit organization, headquartered with a team of dedicated professionals. The organization is characterized by its collaborative structure, with physician partners at the helm, and supported by skilled professionals to ensure comprehensive care at all levels. The mission of Novant Medical Group revolves around providing essential assistance and support to its physician partners, ultimately enabling them to focus on delivering quality medical care.
Official website here: www.novanthealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Novant Medical Group Inc has received an 81% rating from Charity Navigator, which translates to a Three-Star out of Four Star rating. This score reflects strong performance in the accountability and finance category, indicating a high level of transparency and sound financial practices. The organization has successfully maintained an independent board composed entirely of independent members, which is a positive indicator of governance.
Key strengths include a high program expense ratio of 93.24%, meaning that a significant portion of its expenditures goes directly towards its programs rather than administrative costs. Moreover, the organization demonstrates robust oversight mechanisms, such as an audit and oversight committee, and adherence to various policies, including conflict of interest and whistleblower protections, which further enhance its accountability.
While Novant Medical Group Inc shows a solid financial standing and governance, the reliance on a single beacon score means that a broader evaluation encompassing other performance metrics may be lacking. Nonetheless, its strong commitment to financial integrity and transparency positions it as a reliable nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Novant Medical Group Inc legitimate?
Novant Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Novant 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: $1,007,399
Professional Fundraising Fees: $0
Other Salaries and Wages: $836,042,126
For more financial information, click here
Official website here: www.novanthealth.org
What is the mission statement of Novant Medical Group Inc?
Novant Medical Group is a physician-led organization, where doctors take the lead in making important decisions. The group is backed by a team of highly-skilled professionals, who provide essential support and assistance to the physicians. Novant Medical Group's mission revolves around the collaborative efforts of its physician partners and supporting staff, aiming to deliver optimal healthcare services. Through their collective expertise, they strive to meet the diverse medical needs of their patients, working together to ensure effective and compassionate care at every level.
Official website here: www.novanthealth.org
Who is the CEO of Novant Medical Group Inc?
Carl Armato is the Principal Officer of Novant Medical Group Inc.
Official website here: www.novanthealth.org
What is the revenue of Novant Medical Group Inc?
Novant Medical Group Inc's revenue in 2022 was $1,139,120,740.
Official website here: www.novanthealth.org
Who are the executives of Novant Medical Group Inc and what are their salaries?
The average compensation at Novant Medical Group Inc during 2022 was $97,672. There are 8570 employees and 9 volunteers at Novant Medical Group Inc.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $1,748,678
- Other: $56,075
- Compensation: $0
- Related: $1,304,291
- Other: $197,764
- Compensation: $0
- Related: $468
- Other: $0
- Compensation: $0
- Related: $115
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,355,664
- Other: $61,852
- Compensation: $865,155
- Related: $0
- Other: $142,244
- Compensation: $2,253,109
- Related: $0
- Other: $53,384
- Compensation: $1,953,367
- Related: $0
- Other: $53,534
- Compensation: $1,952,910
- Related: $0
- Other: $53,384
- Compensation: $1,902,381
- Related: $0
- Other: $19,163
- Compensation: $1,879,105
- Related: $0
- Other: $53,534
- Compensation: $0
- Related: $917,398
- Other: $125,591
- Compensation: $630,180
- Related: $0
- Other: $34,307
Official website here: www.novanthealth.org
Where can I find the form 990 for Novant Medical Group Inc?
Novant Medical Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.novanthealth.org
Learn more at the official website: www.novanthealth.org
Mission Statement of Novant Medical Group Inc
Novant Medical Group, a physician-led organization, is made up of dedicated physician partners who are backed by a team of highly-skilled professionals. Their mission is to support these doctors at every level, ensuring they can deliver optimal healthcare services. The team at Novant Medical Group is committed to working in unison to provide exceptional care.
In essence, Novant Medical Group empowers its physician partners with the resources and assistance they need to excel in their roles. These partners, in turn, use their medical expertise to diagnose and treat various health conditions, contributing to improved patient outcomes. The organization's structure fosters a collaborative work environment, where every member plays a crucial role in the delivery of quality healthcare.
The physician partners at Novant Medical Group are the driving force behind the organization's success. Their leadership and clinical knowledge are matched by the skills and dedication of the supporting professionals. Together, they ensure that Novant Medical Group remains at the forefront of healthcare provision, continually striving for excellence in patient care.
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Impact
October, 2024
Novant Medical Group Inc significantly impacts healthcare delivery in Winston-Salem, NC, by operating as a physician-led organization. This structure allows for a collaborative approach where physician partners play a crucial role in decision-making and care management. The support from highly-skilled professionals enhances the efficiency and effectiveness of medical services provided to the community.
By focusing on comprehensive assistance at every level, Novant Medical Group ensures that patients receive coordinated care tailored to their individual needs. This collaborative model fosters better communication between healthcare providers and patients, leading to improved health outcomes and patient satisfaction.
The organization's commitment to high-quality medical care contributes to the overall well-being of the community, addressing various health concerns and enhancing accessibility to essential services. Novant Medical Group plays a vital role in promoting health equity and supporting a healthier population in its area of operation.
This information is meant to be a general summary of Novant 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: $719,562
- Program Service Revenue: $1,132,046,297
- Gross Receipts: $1,139,298,557
Assets and Liabilities:
- Total Assets: $411,516,583
- Total Liabilities: $1,809,457,636
- Net Assets: -$1,397,941,053
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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
$964,318,275
PHYSICIAN SERVICES
Revenue
$97,270,315
VALUE BASED INCENTIVE
Revenue
$59,138,137
CARE COORDINATION FEES
Revenue
$5,434,483
FLOAT POOL REVENUE
Revenue
$2,884,758
Organization Details
Founding Year
1987
Phone
(336) 277-2411Principal Officer
Carl Armato
Main Address
2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC, 27103
Website
www.novanthealth.orgNTEE Category
Code: E300 - Health
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