Overview
What is Baptist Memorial Medical Group Inc?
Baptist Memorial Medical Group Inc, based in Memphis, Tennessee, is a nonprofit organization dedicated to delivering quality healthcare services to the local community. With a mission rooted in the principles of Christ-preaching, teaching, and healing, the group provides medical care to underserved areas in Arkansas, Tennessee, and Mississippi. Their multispecialty physician group, comprised of over 500 physicians across 40 specialties, offers a patient-focused approach in a friendly, compassionate, and responsive manner. The group prioritizes placing primary care practitioners and specialists where they're most needed, while also supporting new physicians in rural, underserved areas. Financial support aids in establishing practices in these regions, enabling residents to receive essential healthcare services locally. Baptist Memorial Medical Group Inc offers various community programs, including health fairs, sports physicals, and employee engagement initiatives, to further promote wellbeing and access to healthcare resources.
Official website here: www.baptistdoctors.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Baptist Memorial Medical Group Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement in its operations. The organization scores 66% overall, highlighting concerns particularly related to governance and financial transparency. A notable issue is the lack of independent board members, which raises questions about governance practices and accountability.
Despite the challenges, the organization has a robust program expense ratio at 80.92%, suggesting that a significant portion of its funds is directed toward its programs. Additionally, it has received full points for its audit and oversight committee, conflict of interest policy, and other governance policies, indicating some adherence to best practices in these areas.
On the downside, the liabilities to assets ratio is considerably high at 181.48%, raising potential concerns regarding financial health and sustainability. Furthermore, the absence of its tax form on the nonprofit’s website points to a gap in transparency, which could be a deterrent for potential donors or stakeholders. Overall, while Baptist Memorial Medical Group Inc demonstrates strength in certain areas, there are critical improvements needed in governance and financial reporting.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Memorial Medical Group Inc legitimate?
Baptist Memorial Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Memorial 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: $6,495,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,768,679
For more financial information, click here
Official website here: www.baptistdoctors.org/
What is the mission statement of Baptist Memorial Medical Group Inc?
Baptist Memorial Medical Group Inc is dedicated to providing healthcare services to the community at large. Their mission encompasses the operation of an ambulatory hospital, where they offer direct primary care medical services through their employed medical providers. The organization aims to make a positive impact on the health and wellbeing of the community by delivering these essential services. Their team of medical professionals focuses on delivering quality care to a wide range of individuals, ensuring access to necessary medical attention. Baptist Memorial Medical Group Inc's commitment extends to providing continuous care and support for the wellbeing of their patients.
Official website here: www.baptistdoctors.org/
Who is the CEO of Baptist Memorial Medical Group Inc?
Mark E Swanson Md is the President/Ceo/Director of Baptist Memorial Medical Group Inc. The CEO's salary of Baptist Memorial Medical Group Inc is $0 and their total compensation is $1,378,198.
Official website here: www.baptistdoctors.org/
What is the revenue of Baptist Memorial Medical Group Inc?
Baptist Memorial Medical Group Inc's revenue in 2022 was $216,980,804.
Official website here: www.baptistdoctors.org/
Who are the executives of Baptist Memorial Medical Group Inc and what are their salaries?
The average compensation at Baptist Memorial Medical Group Inc during 2022 was $85,346. There are 2077 employees at Baptist Memorial Medical Group Inc.
Here are 30 key members and their salaries (Baptist Memorial Medical Group Inc's CEO's salary is $0 and their total compensation is $1,378,198):
- Compensation: $0
- Related: $3,403,662
- Other: $97,789
- Compensation: $0
- Related: $2,006,787
- Other: $84,638
- Compensation: $0
- Related: $1,517,815
- Other: $64,834
- Compensation: $0
- Related: $1,355,514
- Other: $22,684
- Compensation: $1,149,155
- Related: $0
- Other: $68,122
- Compensation: $1,043,581
- Related: $0
- Other: $87,961
- Compensation: $0
- Related: $843,648
- Other: $68,457
- Compensation: $0
- Related: $742,354
- Other: $113,425
- Compensation: $699,138
- Related: $0
- Other: $48,673
- Compensation: $0
- Related: $550,426
- Other: $61,431
- Compensation: $0
- Related: $544,161
- Other: $43,307
- Compensation: $493,061
- Related: $0
- Other: $71,266
- Compensation: $308,856
- Related: $0
- Other: $74,880
- Compensation: $0
- Related: $365,450
- Other: $0
- Compensation: $284,689
- Related: $0
- Other: $72,829
- Compensation: $275,897
- Related: $0
- Other: $73,089
- Compensation: $250,278
- Related: $0
- Other: $33,673
- Compensation: $178,288
- Related: $0
- Other: $45,684
- Compensation: $120,393
- Related: $0
- Other: $34,078
- Compensation: $0
- Related: $1,562,524
- Other: $80,090
- Compensation: $17,476
- Related: $396,896
- Other: $77,016
- Compensation: $311,231
- Related: $0
- Other: $59,783
- Compensation: $189,992
- Related: $0
- Other: $40,248
- Compensation: $180,990
- Related: $0
- Other: $47,472
- Compensation: $2,444,135
- Related: $0
- Other: $59,096
- Compensation: $1,146,223
- Related: $0
- Other: $65,272
- Compensation: $1,197,415
- Related: $0
- Other: $0
- Compensation: $1,113,881
- Related: $0
- Other: $54,434
- Compensation: $1,067,670
- Related: $0
- Other: $84,400
- Compensation: $0
- Related: $523,174
- Other: $20,537
Official website here: www.baptistdoctors.org/
Where can I find the form 990 for Baptist Memorial Medical Group Inc?
Baptist Memorial Medical Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baptistdoctors.org/
Learn more at the official website: www.baptistdoctors.org/
Mission Statement of Baptist Memorial Medical Group Inc
Baptist Memorial Medical Group, Inc. is a leading healthcare provider dedicated to delivering ambulatory hospital services to the community at large. This esteemed organization is staffed by employed medical professionals who provide direct primary care, offering a wide range of medical services to the community. Baptist Memorial Medical Group, Inc.'s primary mission is to offer top-notch healthcare, ensuring the wellbeing of those it serves.
Baptist Memorial Medical Group, Inc. goes beyond the provision of basic medical care. Its team of medical professionals not only diagnose and treat various health conditions but also provide essential primary care services to help maintain the overall health of their patients. The organization's commitment to the community is evident in its consistent efforts to make healthcare accessible and convenient for all.
In pursuit of its mission, Baptist Memorial Medical Group, Inc. is dedicated to ensuring the highest standards of care and compassion. The group's medical professionals are passionate about making a difference in the lives of their patients, helping them to live healthier, happier lives. By providing direct primary care services, this esteemed organization fosters a strong connection between the patients and their care providers, ultimately leading to better health outcomes.
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Impact
October, 2024
Baptist Memorial Medical Group Inc significantly impacts the health and wellbeing of communities in Arkansas, Tennessee, and Mississippi by providing essential ambulatory hospital services and direct primary care. By addressing the needs of underserved populations, it ensures that individuals have access to quality medical care without the burden of extensive travel.
With a multispecialty physician group representing over 40 specialties, Baptist Memorial Medical Group enhances healthcare availability across a wide array of services, including pediatrics, family practice, oncology, women's health, neurology, gastroenterology, cardiology, and orthopedic surgery. This diverse range allows for comprehensive care tailored to the specific health needs of the community.
The organization plays a crucial role by supporting healthcare access for individuals covered by governmental programs and those who are uninsured, often providing care at rates below market value. This commitment manifests in charity care initiatives, which include various reduced-price services and free programs designed to meet genuine community health needs.
Baptist Memorial Medical Group also actively engages in community health promotion through initiatives such as health fairs, sports physical exams, and educational speaking engagements on health issues. This proactive approach fosters awareness and preventative care, contributing to overall public health improvement.
Furthermore, the organization recruits and supports physicians in rural and underserved areas, addressing the critical need for healthcare providers in communities that may otherwise lack adequate medical resources. By ensuring a presence of healthcare professionals where they are most needed, Baptist Memorial Medical Group Inc enhances healthcare accessibility and reliability for those who rely on its services.
This information is meant to be a general summary of Baptist Memorial 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: -$19,631
- Program Service Revenue: $214,281,466
- Gross Receipts: $217,015,773
Assets and Liabilities:
- Total Assets: $409,236,025
- Total Liabilities: $742,690,523
- Net Assets: -$333,454,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REV.
Revenue
$117,512,779
REIMB. FROM AFFILIATES
Revenue
$96,724,903
RENT FROM AFFILIATES
Revenue
$43,784
Organization Details
Founding Year
1997
Phone
(901) 227-3627Principal Officer
Mark E Swanson Md
Main Address
350 N HUMPHREYS BLVD, MEMPHIS, TN, 38120
Website
www.baptistdoctors.org/NTEE Category
Code: E32Z - Health
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