Overview
What is Parkwest Medical Center?
Parkwest Medical Center, a not-for-profit hospital in Knoxville, Tennessee, has been serving the community since 1973. It became part of the Covenant Health system in 1996 and has grown into a leading healthcare provider with a focus on courtesy, compassion, and respect. With 2,602 employees, Parkwest offers a wide range of services through its full-service acute care hospital and psychiatric hospital in neighboring Blount County. Its excellence in orthopedics, cardiology, surgical, and behavioral health has earned it numerous recognitions, including being rated as a high-performing hospital by U.S. News & World Report, and designations as a Blue Distinction Center+ and Top 50 Cardiovascular Hospital. Parkwest is committed to giving back to the community, providing over $194,000 in transportation and taxi fees in 2022, and participating in local health events and screenings. Peninsula, its behavioral services division, offers inpatient and outpatient programs for children, adolescents, and adults, as well as several no-cost community programs. Parkwest Medical Center and its subsidiaries aim to improve the community's quality of life through better health, regardless of financial ability.
Official website here: www.covenanthealth.com/parkwest/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars) from Charity Navigator
Parkwest Medical Center has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored exceptionally high, with a focus on accountability and transparency, showcasing their commitment to responsible financial management.
The charity excels in governance, with a board composed of 91% independent members and a robust audit and oversight committee. Additionally, they maintain a solid program expense ratio of 98.12%, which suggests that the vast majority of their funds are directed towards their programs rather than administrative costs. Their policies regarding conflict of interest and whistleblower protections further enhance their credibility.
While the organization demonstrates excellent financial health and governance practices, the data does not provide specific insights into the impact of their programs or services offered. Nonetheless, their high ratings reflect a strong commitment to accountability, making them a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Parkwest Medical Center legitimate?
Parkwest Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parkwest Medical Center 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: $1,076,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,524,852
For more financial information, click here
Official website here: www.covenanthealth.com/parkwest/
What is the mission statement of Parkwest Medical Center?
Parkwest Medical Center is dedicated to providing quality healthcare to individuals, in alignment with Covenant Health's mission, regardless of their ability to pay. Founded in 1973, the hospital has grown to become a leading healthcare provider, renowned for excellence in orthopedics, cardiology, surgical care, and behavioral health. In 2022, it served over a quarter of a million patients, with 82% being outpatients and 18% inpatients. The hospital has received numerous accolades, including being ranked as the #4 Best hospital in Tennessee and the #1 hospital in the Knoxville metro area by U.S. News & World Report. Additionally, it has earned various Blue Distinction Center and Top 50 Cardiovascular Hospital recognitions. Going beyond medical care, Parkwest and its behavioral services division, Peninsula, also provide community outreach programs and support for mental health patients. Peninsula offers several no-cost programs, including ComPASS and Peer Support Academies, to help those in need cope with suicide loss, mental illness, and addiction.
Official website here: www.covenanthealth.com/parkwest/
Who is the CEO of Parkwest Medical Center?
James D Vandersteeg is the President & Ceo of Parkwest Medical Center. The CEO's salary of Parkwest Medical Center is $0 and their total compensation is $2,662,703.
Official website here: www.covenanthealth.com/parkwest/
What is the revenue of Parkwest Medical Center?
Parkwest Medical Center's revenue in 2022 was $399,381,923.
Official website here: www.covenanthealth.com/parkwest/
Who are the executives of Parkwest Medical Center and what are their salaries?
The average compensation at Parkwest Medical Center during 2022 was $38,279. There are 2602 employees and 116 volunteers at Parkwest Medical Center.
Here are 36 key members and their salaries (Parkwest Medical Center's CEO's salary is $0 and their total compensation is $2,662,703):
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $268
- Other: $0
- Compensation: $0
- Related: $849
- Other: $0
- Compensation: $0
- Related: $74
- Other: $0
- Compensation: $0
- Related: $1,432
- Other: $0
- Compensation: $0
- Related: $889
- Other: $0
- Compensation: $0
- Related: $1,538
- Other: $0
- Compensation: $0
- Related: $906
- Other: $0
- Compensation: $0
- Related: $1,097
- Other: $0
- Compensation: $0
- Related: $1,208
- Other: $0
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- Compensation: $0
- Related: $1,050
- Other: $0
- Compensation: $0
- Related: $1,485
- Other: $0
- Compensation: $0
- Related: $1,251
- Other: $0
- Compensation: $0
- Related: $1,408
- Other: $0
- Compensation: $0
- Related: $979
- Other: $0
- Compensation: $0
- Related: $1,208
- Other: $0
- Compensation: $0
- Related: $2,346,646
- Other: $316,057
- Compensation: $0
- Related: $1,099,851
- Other: $33,916
- Compensation: $247,377
- Related: $0
- Other: $41,607
- Compensation: $0
- Related: $898,340
- Other: $88,783
- Compensation: $0
- Related: $191,777
- Other: $8,105
- Compensation: $212,850
- Related: $0
- Other: $26,966
- Compensation: $213,847
- Related: $0
- Other: $39,271
- Compensation: $274,771
- Related: $0
- Other: $19,916
- Compensation: $384,197
- Related: $0
- Other: $48,429
- Compensation: $364,674
- Related: $0
- Other: $47,067
- Compensation: $321,718
- Related: $0
- Other: $29,469
- Compensation: $326,734
- Related: $0
- Other: $48,369
- Compensation: $345,207
- Related: $0
- Other: $46,215
- Compensation: $0
- Related: $480,721
- Other: $24,684
Official website here: www.covenanthealth.com/parkwest/
Where can I find the form 990 for Parkwest Medical Center?
Parkwest Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenanthealth.com/parkwest/
Learn more at the official website: www.covenanthealth.com/parkwest/
Mission Statement of Parkwest Medical Center
Parkwest Medical Center, a renowned healthcare provider, is dedicated to delivering quality healthcare services, aligning with the mission of its parent organization, Covenant Health, to enhance the quality of life through better health, irrespective of a patient's ability to pay. Established in 1973, this not-for-profit institution has been serving its community for over four decades. It comprises a full-service acute care hospital and a psychiatric hospital, collectively accommodating 456 beds.
At Parkwest Medical Center, every patient and visitor is treated with courtesy, compassion, and respect. The organization is best known for its excellence in orthopedics, cardiology, surgical, and behavioral health services. In 2022, the medical center served 255,633 patients, out of which 237,377 were outpatients, and 18,256 were inpatients, with an average length-of-stay of 5.12 days. This institution has received numerous accolades for its exceptional care and dedication to improving community health. It has been recognized by U.S. News & World Report as the #4 Best hospital in Tennessee and the #1 hospital in the Knoxville metro area. Additionally, BlueCross BlueShield and IBM Watson Health have given the hospital various designations for its excellent work in various healthcare areas.
In line with its commitment to the community, Parkwest Medical Center goes beyond providing healthcare services. It offers transportation assistance for patients, participates in local health fairs, and raises funds and awareness for heart disease. Moreover, as a member of Covenant Health, it participates in the "We Honor Veterans" program, recognizing and celebrating patients and employees who are veterans. In the mental health sector, Parkwest Medical Center's behavioral services division, Peninsula, offers a range of inpatient and outpatient services for children, adolescents, and adults, as well as several no-cost programs for community members. Together, these initiatives demonstrate Parkwest Medical Center's unwavering dedication to serving its community and enhancing the overall quality of life.
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Impact
October, 2024
Parkwest Medical Center significantly impacts the health and well-being of the West Knoxville community and its neighboring areas, operating as a full-service acute care hospital with a strong focus on patient-centered care. With a capacity of 456 beds and a commitment to excellence in various medical specialties, Parkwest is recognized as the largest medical center in West Knoxville. It serves a substantial number of patients, providing essential healthcare services to over 255,000 individuals in 2022 alone.
The hospital has garnered numerous accolades, including recognition as the #1 hospital in the Knoxville metro area and a GoldPlus Stroke Quality Achievement Award from the American Heart Association. These honors reflect its dedication to delivering high-quality care in critical areas such as cardiology, orthopedics, and behavioral health. The care offered extends beyond traditional medicine; Parkwest emphasizes compassion, courtesy, and respect for every patient and visitor.
Parkwest's behavioral services division, Peninsula, plays a crucial role in addressing the mental health needs of the community. With its 119-bed facility and multiple outpatient centers, Peninsula provides comprehensive services to children, adolescents, and adults facing mental health challenges. Programs such as the ComPASS support group, Independent Living Program, and Peer Support Academies ensure that individuals affected by mental illness have access to vital resources and support.
The hospital also invests in community health and wellness initiatives, participating in health fairs and awareness campaigns, as well as providing transportation assistance to patients needing treatment. By supporting veterans and offering no-cost programs for mental health, Parkwest Medical Center is dedicated to improving the overall quality of life for the people it serves, regardless of their financial means.
This information is meant to be a general summary of Parkwest Medical Center. 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: $137,550
- Program Service Revenue: $390,400,411
- Gross Receipts: $402,613,306
Assets and Liabilities:
- Total Assets: $314,311,866
- Total Liabilities: $38,347,125
- Net Assets: $275,964,741
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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
$379,428,529
Pharmacy
Revenue
$10,695,203
Laboratory
Revenue
$261,150
Rental Income - Exempt Affiliate
Revenue
$15,529
Organization Details
Founding Year
1990
Phone
(865) 374-3140Principal Officer
James D Vandersteeg
Main Address
1420 Centerpoint Blvd Bldg C, Knoxville, TN, 379321960
NTEE Category
Code: E22 - Health
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