Overview
What is Ut Medical Group Inc?
Ut Medical Group Inc is a leading medical organization based in Memphis, Tennessee, with a commitment to serving the community as a whole, regardless of financial ability. With a workforce of 680 professionals, the group provides a wide range of medical services, including primary care, specialty consultations, and surgical procedures. They cater to a diverse population, including Medicare, Medicaid, TennCare, and indigent patients from Shelby County and beyond. Faculty physicians and other professional employees contribute significantly to the medical training and education of health professionals, primarily third and fourth-year medical students, in conjunction with the UTHSC College of Medicine. In addition, the group is dedicated to medical research and education that promote long-term health and welfare for patients and the general public. Their research programs focus on the prevention and treatment of various illnesses, as well as the effects of drugs and medications on various diseases and medical conditions. The group maintains agreements with several hospitals and clinics, including Regional One, Le Bonheur Children's Hospital, and St. Jude Children's Research Hospital, to deliver healthcare services. Their mission is to be a successful, physician-led, professionally managed medical practice that benefits patients and the community while supporting the UT Health Science Center's mission through clinical excellence, financial responsibility, and a culture of care at every touchpoint.
Official website here: www.universityclinicalhealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating from Charity Navigator.
Ut Medical Group Inc has received a solid Three-Star rating, reflecting a strong performance in accountability and finance. The organization earned a score of 79%, indicating a focus on maintaining financial health and transparency. This score is derived entirely from the Accountability & Finance category, highlighting the charity's commitment to responsible financial management.
One of the organizational strengths is its perfect score in financial statements oversight, ensuring that audits and financial reports are handled meticulously. The organization also scored well in areas such as having a conflict of interest policy and a whistleblower policy in place, both crucial for ethical governance. Additionally, they maintain a high program expense ratio of 82.84%, indicating that a significant portion of their resources is directed toward programmatic efforts rather than administrative costs.
While the overall score is commendable, the liabilities to assets ratio of 52.88% may raise some concerns about the balance between debts and assets. This could indicate potential financial risk, suggesting that stakeholders may want to monitor this aspect closely. Overall, Ut Medical Group Inc demonstrates a strong commitment to accountability and ethical practices, making it a reasonably reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Ut Medical Group Inc legitimate?
Ut Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ut 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: $2,969,581
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,277,440
For more financial information, click here
Official website here: www.universityclinicalhealth.com
What is the mission statement of Ut Medical Group Inc?
Ut Medical Group Inc is a successful physician-led medical practice committed to benefiting patients and the community. They support the mission of the UT Health Science Center through clinical excellence, financial responsibility, and a culture of care at every touchpoint. The group provides medical services to the community regardless of ability to pay, accepting patients with Medicare, Medicaid, TennCare, as well as indigent patients. The professionals in the group contribute significantly to the medical training and education of health professionals, and engage in medical research and education to promote long-term health and welfare. They offer a range of services including primary care, specialty consultations, diagnostic evaluations, surgical procedures, and provide healthcare services in numerous hospital and clinic settings. The group's faculty physicians provide healthcare services to patients at the Centers of Excellence, which include trauma, burn, wound care, newborn, adult special care, and sickle cell centers.
Official website here: www.universityclinicalhealth.com
Who is the CEO of Ut Medical Group Inc?
Shannon Tacker is the President/Ceo/Treasurer of Ut Medical Group Inc. The CEO's salary of Ut Medical Group Inc is $386,383 and their total compensation is $424,735.
Official website here: www.universityclinicalhealth.com
What is the revenue of Ut Medical Group Inc?
Ut Medical Group Inc's revenue in 2022 was $85,555,164.
Official website here: www.universityclinicalhealth.com
Who are the executives of Ut Medical Group Inc and what are their salaries?
The average compensation at Ut Medical Group Inc during 2022 was $75,363. There are 680 employees and 20 volunteers at Ut Medical Group Inc.
Here are 19 key members and their salaries (Ut Medical Group Inc's CEO's salary is $386,383 and their total compensation is $424,735):
- Compensation: $457,593
- Related: $136,837
- Other: $52,079
- Compensation: $386,383
- Related: $0
- Other: $38,352
- Compensation: $50,924
- Related: $456,661
- Other: $42,603
- Compensation: $523,496
- Related: $243,584
- Other: $50,322
- Compensation: $509,362
- Related: $0
- Other: $12,200
- Compensation: $106,310
- Related: $850,550
- Other: $90,361
- Compensation: $0
- Related: $745,291
- Other: $61,628
- Compensation: $0
- Related: $670,074
- Other: $66,609
- Compensation: $0
- Related: $434,692
- Other: $67,722
- Compensation: $0
- Related: $446,833
- Other: $45,678
- Compensation: $0
- Related: $824,600
- Other: $39,853
- Compensation: $432,031
- Related: $221,095
- Other: $72,707
- Compensation: $260,003
- Related: $0
- Other: $21,798
- Compensation: $243,476
- Related: $0
- Other: $19,223
- Compensation: $567,418
- Related: $64,522
- Other: $16,837
- Compensation: $518,455
- Related: $203,359
- Other: $59,041
- Compensation: $756,818
- Related: $0
- Other: $12,200
- Compensation: $780,493
- Related: $80,281
- Other: $29,632
- Compensation: $816,680
- Related: $30,396
- Other: $58,162
Official website here: www.universityclinicalhealth.com
Where can I find the form 990 for Ut Medical Group Inc?
Ut Medical Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.universityclinicalhealth.com
Learn more at the official website: www.universityclinicalhealth.com
Mission Statement of Ut Medical Group Inc
Ut Medical Group Inc, a successful physician-led medical practice, is dedicated to benefiting patients and the community while supporting the UT Health Science Center's mission through clinical excellence, financial responsibility, and a culture of care at every touchpoint. The group's medical services are accessible to the community regardless of ability to pay, with a significant number of patients covered by TennCare, Medicaid, or no insurance. Ut Medical Group Inc has agreements with various hospitals, including Regional One, to provide professional services to indigent patients. The faculty physicians and other professional employees of the group extend their healthcare services beyond Shelby County to out-of-state residents and foreign countries with limited incomes.
Ut Medical Group Inc prioritizes the medical training and education of health professionals in conjunction with the UTHSC College of Medicine. The group contributes personnel and financial resources to support this effort. During the year, faculty physicians were involved in the education of 300 of the 600 medical students. In addition, the professional employees of the group engage in programs of medical research and education that promote the long-term health and welfare of patients and the general public. The research programs focus on prevention and treatment of illnesses as well as the effects of drugs and medications on a variety of diseases and medical conditions.
Ut Medical Group Inc provides a wide range of services, including primary care, specialty consultations, subspecialty procedures and diagnostic evaluations, and surgical procedures. Healthcare services are delivered in numerous hospital and clinic settings, including inpatient and outpatient care at various hospitals, such as Le Bonheur Children's Hospital and Memphis VA Medical Center. Ut Medical Group Inc's faculty physicians provide healthcare services to patients of the Centers of Excellence at the Med, which include the Trauma Center, Burn Center, Wound Care Center, Newborn Center, Adult Special Care, and Sickle Cell Center.
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Impact
October, 2024
UT Medical Group Inc has a significant impact on community health and well-being in Memphis, Tennessee. As a physician-led and professionally managed medical practice, it aims to provide high-quality medical services while fostering a culture of care. The organization ensures that healthcare is accessible to all members of the community, regardless of their ability to pay, accepting patients covered by Medicare, Medicaid, and TennCare.
Approximately 33% of the services provided by UT Medical Group are directed towards individuals with TennCare, Medicaid, or no insurance, demonstrating a strong commitment to serving underserved populations. Additionally, around 26% of care is delivered to Medicare patients, further reinforcing its role as a critical healthcare provider for vulnerable groups.
In collaboration with the UT Health Science Center, UT Medical Group also plays a vital role in medical education, training a significant portion of medical students and contributing financial and personnel resources to these educational efforts. Faculty physicians are actively involved in teaching and research programs aimed at improving long-term health outcomes, focusing on illness prevention, treatment innovations, and the effects of medications.
The range of services provided includes primary care, specialty consultations, diagnostic evaluations, and surgical procedures, delivered across various settings, including well-known hospitals and clinics in the area. This comprehensive model of care not only addresses immediate health needs but also engages in broader initiatives to promote overall community health through research and education.
Overall, UT Medical Group Inc exemplifies a commitment to clinical excellence and community service, addressing healthcare disparities and contributing to the education of future healthcare professionals.
This information is meant to be a general summary of Ut 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: $1,391,710
- Program Service Revenue: $68,355,060
- Gross Receipts: $85,555,164
Assets and Liabilities:
- Total Assets: $47,663,795
- Total Liabilities: $25,205,687
- Net Assets: $22,458,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT CHARGES
Revenue
$44,653,034
CONTRACT REVENUE
Revenue
$21,006,127
MEDICAL DIRECTOR REVEN
Revenue
$2,098,681
MANAGEMENT FEE INCOME
Revenue
$597,218
Organization Details
Founding Year
1983
Phone
(901) 866-8015Principal Officer
Shannon Tacker
Main Address
1407 UNION AVENUE 700, MEMPHIS, TN, 38104
NTEE Category
Code: E300 - Health
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