Overview
What is Owensboro Health Medical Group Inc?
Owensboro Health Medical Group Inc, a tax-exempt organization under Section 501(C)(3), is based in Owensboro, Kentucky, employing approximately 53 physicians and advanced practice clinicians across over 35 locations in western Kentucky and southern Indiana. They offer patient care in more than 36 specialties and are committed to serving all individuals, regardless of race, creed, sex, nationality, religion, disability, age, or ability to pay. The group participates in government programs like Medicaid, Medicare, Tricare, and local health departments to increase access to healthcare, although the costs often exceed the payments received. Owensboro Health Medical Group provides medical care without charge or at reduced cost to residents through their financial assistance program, targeting those who do not qualify for other medical assistance programs and have annual incomes below certain federal poverty guidelines. The organization's mission is to heal the sick and improve the health of the community, expanding their programs to address healthcare accessibility issues in rural and economically depressed areas and regions lacking sufficient primary care and specialty providers.
Official website here: www.owensborohealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Owensboro Health Medical Group Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations. The organization scored 73% overall, demonstrating solid accountability and finance management, with a perfect score in areas such as financial statements audit and oversight, material diversion of assets, and conflict of interest policy. These strengths suggest that the organization has established strong governance practices and financial controls.
However, the organization faces challenges in its board composition, with zero independent board members, which may affect its oversight capabilities. Additionally, the lack of transparency is highlighted by a low score for posting its tax form on its website, as well as a poor performance in the liabilities to assets ratio. These limitations could potentially raise concerns about the financial health and overall governance of the organization.
While Owensboro Health Medical Group Inc demonstrates robust financial management practices, the issues with board independence and transparency represent significant areas for improvement that the organization should address to enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Owensboro Health Medical Group Inc legitimate?
Owensboro Health Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owensboro Health 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: $1,423,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,857,455
For more financial information, click here
Official website here: www.owensborohealth.org
What is the mission statement of Owensboro Health Medical Group Inc?
Owensboro Health Medical Group Inc is dedicated to healing the sick and enhancing the health of the community. This non-profit organization, under Section 501(C)(3), employs over 53 physicians and advanced practice clinicians in various specialties. They provide care in more than 35 locations and participate in multiple public health programs, such as Medicare, Medicaid, Tricare, and local health departments, to ensure accessibility to healthcare for all. Despite payments from these programs not often covering the full costs, Owensboro Health Medical Group Inc continues its charitable mission by offering medical care without charge or at reduced cost to those in need, whose annual incomes are at or below certain federal poverty guidelines. The organization is committed to expanding its programs to enhance healthcare access in underserved areas, particularly rural and economically depressed regions.
Official website here: www.owensborohealth.org
Who is the CEO of Owensboro Health Medical Group Inc?
Unavailable The CEO's salary of Owensboro Health Medical Group Inc is $0 and their total compensation is $611,754.
Official website here: www.owensborohealth.org
What is the revenue of Owensboro Health Medical Group Inc?
Owensboro Health Medical Group Inc's revenue in 2022 was $99,252,581.
Official website here: www.owensborohealth.org
Who are the executives of Owensboro Health Medical Group Inc and what are their salaries?
The average compensation at Owensboro Health Medical Group Inc during 2022 was $97,927. There are 1167 employees and 22 volunteers at Owensboro Health Medical Group Inc.
Here are 19 key members and their salaries (Owensboro Health Medical Group Inc's CEO's salary is $0 and their total compensation is $611,754):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $441,363
- Related: $0
- Other: $19,276
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $163,601
- Other: $9,496
- Compensation: $0
- Related: $594,153
- Other: $42,608
- Compensation: $376,074
- Related: $0
- Other: $40,937
- Compensation: $41,372
- Related: $636,268
- Other: $19,912
- Compensation: $395,328
- Related: $0
- Other: $31,414
- Compensation: $78,498
- Related: $0
- Other: $4,535
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,068,089
- Other: $46,317
- Compensation: $0
- Related: $578,107
- Other: $33,647
- Compensation: $938,198
- Related: $0
- Other: $32,282
- Compensation: $1,254,308
- Related: $0
- Other: $40,937
- Compensation: $1,189,852
- Related: $0
- Other: $23,409
- Compensation: $1,113,322
- Related: $0
- Other: $40,937
- Compensation: $1,165,538
- Related: $0
- Other: $14,854
Official website here: www.owensborohealth.org
Where can I find the form 990 for Owensboro Health Medical Group Inc?
Owensboro Health Medical Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.owensborohealth.org
Learn more at the official website: www.owensborohealth.org
Mission Statement of Owensboro Health Medical Group Inc
Owensboro Health Medical Group, Inc. (OHMG) is a dedicated organization that strives to heal the sick and enhance the overall health of the community it serves. Established as the medical arm of Owensboro Health, Inc., a tax-exempt entity under section 501(c)(3), OHMG employs approximately 53 physicians and advanced practice clinicians who provide care in over 36 specialties across more than 35 locations in western Kentucky and southern Indiana.
In line with its charitable mission, OHMG ensures access to healthcare for all, disregarding factors such as race, creed, sex, nationality, religion, disability, age, or ability to pay. To promote healthcare access, OHMG participates in various public health programs, including Medicare, Medicaid, Tricare, and local health departments. Although payments from these programs often fail to cover the costs OHMG incurs when serving program beneficiaries, the organization remains committed to providing medical care to the communities it serves, regardless of financial means.
In addition to its involvement in public health programs, OHMG operates a financial assistance program to help patients who do not qualify for medical assistance programs like Medicaid and have annual incomes below certain percentages of the federal poverty guidelines. OHMG is dedicated to expanding its programs to improve access to healthcare in areas it serves, focusing on rural, economically depressed areas, and regions with insufficient primary care and specialty providers.
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Impact
October, 2024
Owensboro Health Medical Group Inc plays a crucial role in enhancing the health and well-being of the communities it serves. By employing approximately 53 physicians and advanced practice clinicians across over 36 specialties in more than 35 locations in western Kentucky and southern Indiana, the organization provides a robust network of healthcare services tailored to meet diverse patient needs.
Through its primary focus on patient access, Owensboro Health Medical Group ensures that individuals, regardless of their background or financial situation, receive the medical care they require. The group's participation in government health programs like Medicaid, Medicare, and TRICARE reflects its commitment to serving all individuals, particularly those in economically disadvantaged communities. Despite the financial challenges associated with these programs, OHMG continues to provide necessary care, often at a loss.
Moreover, the organization goes beyond standard healthcare provision by offering financial assistance programs for patients who do not qualify for other forms of medical assistance. This initiative allows individuals with limited resources to receive essential medical care, thereby making a significant impact on community health outcomes.
Owensboro Health Medical Group's mission to heal the sick and improve community health extends to its efforts in rural and underserved areas, where access to quality healthcare can be particularly limited. Overall, its presence and services are vital in addressing health disparities and fostering a healthier community.
This information is meant to be a general summary of Owensboro Health 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: $169,628
- Program Service Revenue: $87,861,254
- Gross Receipts: $107,218,713
Assets and Liabilities:
- Total Assets: $99,247,106
- Total Liabilities: $624,464,280
- Net Assets: -$525,217,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$87,861,254
Organization Details
Founding Year
1993
Phone
(270) 417-2000Main Address
1201 Pleasant Valley Road, Owensboro, KY, 42303
Website
www.owensborohealth.orgNTEE Category
Code: E99 - Health
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