Overview
What is Riverbend Medical Group Inc?
Riverbend Medical Group Inc, located in Hartford, Connecticut, is a multispecialty medical organization composed of primary care physicians and specialists. They offer direct patient care and urgent services for pediatrics and internal medicine. The group collaborates with Mercy Hospital, an affiliated Section 501(c)(3) hospital, as part of an integrated healthcare system. Riverbend Medical Group participates in Medicare and Medicaid plans and follows a charity care policy, ensuring medical services are accessible to those without insurance or coverage. The organization contributes to the community by educating healthcare professionals, participating in wellness events, and providing essential services to underserved individuals. For more information, please visit Trinity Health of New England's website.
Official website here: www.trinityhealthofne.org/medicalgroup
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Riverbend Medical Group Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it is a nonprofit that requires improvement in various areas. While the organization has a satisfactory program expense ratio of 90.39%, suggesting that a significant portion of its budget is directed towards programs rather than administrative costs, it has significant weaknesses in governance and financial health. The organization has no independent board members, which raises concerns about transparency and accountability.
The financial health of Riverbend Medical Group is under scrutiny, particularly due to a liabilities to assets ratio of 129.72%. This ratio indicates potential financial instability, as it suggests that the organization has more liabilities than assets. Despite having strong policies in place such as a conflict of interest policy and a whistleblower policy, the absence of independent oversight weakens the overall governance of the organization.
In summary, while Riverbend Medical Group demonstrates a commitment to programmatic spending, its lack of independent board members and concerning financial ratios highlight areas that require attention and improvement. The nonprofit is encouraged to enhance its governance structure to ensure better accountability and to address financial concerns for the long-term sustainability of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Riverbend Medical Group Inc legitimate?
Riverbend Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverbend 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: $707,105
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,311,360
For more financial information, click here
Official website here: www.trinityhealthofne.org/medicalgroup
What is the mission statement of Riverbend Medical Group Inc?
Riverbend Medical Group Inc is dedicated to delivering healthcare services as part of Trinity Health of New England and Trinity Health. This compassionate and transforming healing presence aims to serve their communities in the spirit of the gospel. The group comprises primary care physicians and specialists who provide essential services, including urgent care for pediatrics and internal medicine. They also offer physician services to Mercy Hospital and participate in Medicare and Medicaid plans, as well as a charity care policy for those without insurance or coverage. Additionally, they contribute to community wellness by educating healthcare professionals, participating in health fairs, and public screening events. For further information, please refer to their website.
Official website here: www.trinityhealthofne.org/medicalgroup
Who is the CEO of Riverbend Medical Group Inc?
Deborah Bitsoli is the Dir; Pres As Of 10/21; Chair At 1/22 of Riverbend Medical Group Inc.
Official website here: www.trinityhealthofne.org/medicalgroup
What is the revenue of Riverbend Medical Group Inc?
Riverbend Medical Group Inc's revenue in 2022 was $77,757,403.
Official website here: www.trinityhealthofne.org/medicalgroup
Who are the executives of Riverbend Medical Group Inc and what are their salaries?
The average compensation at Riverbend Medical Group Inc during 2022 was $75,941. There are 843 employees and 9 volunteers at Riverbend Medical Group Inc.
Here are 27 key members and their salaries:
- Compensation: $0
- Related: $533,139
- Other: $493,128
- Compensation: $0
- Related: $933,884
- Other: $48,143
- Compensation: $779,694
- Related: $0
- Other: $43,111
- Compensation: $754,445
- Related: $0
- Other: $38,791
- Compensation: $0
- Related: $643,445
- Other: $133,814
- Compensation: $693,724
- Related: $0
- Other: $38,342
- Compensation: $0
- Related: $595,665
- Other: $132,961
- Compensation: $675,207
- Related: $0
- Other: $39,440
- Compensation: $572,476
- Related: $0
- Other: $38,977
- Compensation: $0
- Related: $483,810
- Other: $45,153
- Compensation: $341,661
- Related: $0
- Other: $47,422
- Compensation: $0
- Related: $316,213
- Other: $53,043
- Compensation: $0
- Related: $309,018
- Other: $45,003
- Compensation: $0
- Related: $229,788
- Other: $49,476
- Compensation: $0
- Related: $211,759
- Other: $224
- Compensation: $0
- Related: $171,963
- Other: $6,528
- Compensation: $0
- Related: $51,000
- Other: $0
- Compensation: $0
- Related: $3,422
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.trinityhealthofne.org/medicalgroup
Where can I find the form 990 for Riverbend Medical Group Inc?
Riverbend Medical Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trinityhealthofne.org/medicalgroup
Learn more at the official website: www.trinityhealthofne.org/medicalgroup
Mission Statement of Riverbend Medical Group Inc
Riverbend Medical Group Inc, a compassionate and transforming healing presence, is a multispecialty group of primary care physicians and specialists, dedicated to providing essential healthcare services. This esteemed organization, a member of Trinity Health of New England and Trinity Health, serves together in the spirit of the gospel.
Riverbend Medical Group's team of dedicated healthcare professionals offers direct patient care, making physician services accessible to the public even during hours when their other offices are not open. They extend their reach by providing urgent care services for pediatrics and internal medicine. Riverbend Medical Group's association with Mercy Hospital, an affiliated Section 501(c)(3) hospital, is part of an integrated delivery system, emphasizing their commitment to the community's wellbeing.
In line with their mission, Riverbend Medical Group participates in Medicare and Medicaid plans and operates under a charity care policy. This policy ensures that physician services are available to individuals who do not have insurance or Medicaid coverage and are unable to pay for medical services. The organization's charitable endeavors extend beyond their offices, with their involvement in the education of healthcare professionals and community wellness and health fairs and public screening events.
By providing these essential services, Riverbend Medical Group Inc not only addresses the immediate medical needs of their patients but also contributes to the overall health and well-being of their communities. They remain steadfast in their commitment to serving those in need, demonstrating compassion and transformation through their healing presence.
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Impact
October, 2024
Riverbend Medical Group Inc significantly impacts the healthcare landscape in the Pioneer Valley by providing comprehensive medical services through a collaboration of primary care physicians and specialists. By offering urgent care services for pediatrics and internal medicine, they ensure that essential healthcare is accessible to the community, even outside standard office hours.
The organization enhances the healthcare delivery system by partnering with Mercy Hospital, creating a seamless integration of services that supports patient needs across the region. Their participation in Medicare and Medicaid plans ensures that underserved populations have access to necessary medical care. Additionally, Riverbend Medical Group assists individuals facing financial hardships through a charity care policy that extends services to those without insurance or who cannot afford medical expenses.
Beyond direct patient care, Riverbend Medical Group contributes to public health education and awareness by engaging in community wellness initiatives, health fairs, and public screenings. This multifaceted approach not only addresses immediate healthcare needs but also fosters a healthier community through education and outreach, reinforcing their mission as a compassionate and transformative presence in healthcare.
This information is meant to be a general summary of Riverbend 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: -$70,382
- Program Service Revenue: $73,479,721
- Gross Receipts: $78,315,206
Assets and Liabilities:
- Total Assets: $24,586,371
- Total Liabilities: $30,432,052
- Net Assets: -$5,845,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$73,479,721
Organization Details
Founding Year
2016
Phone
(860) 714-4000Principal Officer
Deborah Bitsoli
Main Address
114 WOODLAND STREET MS-510358, HARTFORD, CT, 06105
NTEE Category
Code: E32 - Health
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