Overview
What is Banner Medical Group?
Banner Medical Group (BMG) is a nonprofit organization established to enhance Banner Health's (BH) mission of providing easier and better healthcare. With a workforce of 3,943 employees, BMG focuses on coordinated and integrated care and population health management. BMG's providers are primarily housed in BH clinics and offer high-quality primary and specialist healthcare services. Some providers work in BH's acute care hospitals, delivering specialty procedure-based care. Additional providers are allied health professionals who offer occupational health services in BH's clinics. By consolidating provider employment, BMG allows BH to improve transparency and accountability, respond to changes in the healthcare system, and provide a range of healthcare services in a patient-friendly environment.
Official website here: www.bannerhealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Stars
Banner Medical Group has received a Two-Star rating from Charity Navigator, indicating room for improvement in accountability and financial management. The organization achieved a solid program expense ratio of 87.76%, suggesting that the majority of its expenditures are dedicated to programs rather than administrative costs. However, the lack of independent board members and a concerning liabilities to assets ratio of 76.33% raise questions about its governance and financial health.
While the organization has several strong policies in place, such as conflict of interest and whistleblower protections, the absence of an independent board and the missing tax form on its website highlight significant areas for concern. These factors contribute to its low accountability score of 66. The financial oversight appears effective, as evidenced by a well-structured audit and oversight committee, yet governance practices need substantial improvement to enhance transparency and trust.
In summary, Banner Medical Group exhibits positive attributes in program spending but struggles with governance and accountability metrics. Stakeholders may want to monitor improvements in these areas to ensure the organization's sustainability and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Banner Medical Group legitimate?
Banner Medical Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Banner Medical Group 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: $3,289,904
Professional Fundraising Fees: $0
Other Salaries and Wages: $452,533,660
For more financial information, click here
Official website here: www.bannerhealth.com
What is the mission statement of Banner Medical Group?
Banner Medical Group was established to support Banner Health in delivering integrated and coordinated care and population health management. By consolidating provider employment under a single entity, BMG enables Banner Health to coordinate and integrate services, improving transparency and accountability in physician operations. This alignment with Banner Health's mission allows for a more effective response to changes in the healthcare system. BMG's employed providers offer various services, including primary and specialist care in convenient clinic settings and procedure-based care in acute care hospitals. Additionally, allied health providers deliver occupational health services in Banner Health's occupational health clinics.
Official website here: www.bannerhealth.com
Who is the CEO of Banner Medical Group?
Unavailable The CEO's salary of Banner Medical Group is $709,977 and their total compensation is $864,475.
Official website here: www.bannerhealth.com
What is the revenue of Banner Medical Group?
Banner Medical Group's revenue in 2022 was $501,671,533.
Official website here: www.bannerhealth.com
Who are the executives of Banner Medical Group and what are their salaries?
The average compensation at Banner Medical Group during 2022 was $115,603. There are 3943 employees at Banner Medical Group.
Here are 12 key members and their salaries (Banner Medical Group's CEO's salary is $709,977 and their total compensation is $864,475):
- Compensation: $481,976
- Related: $0
- Other: $38,618
- Compensation: $650,891
- Related: $0
- Other: $43,037
- Compensation: $315,012
- Related: $0
- Other: $29,750
- Compensation: $858,238
- Related: $0
- Other: $7,907
- Compensation: $709,977
- Related: $0
- Other: $154,498
- Compensation: $1,185,453
- Related: $0
- Other: $36,028
- Compensation: $1,209,880
- Related: $0
- Other: $24,361
- Compensation: $1,208,432
- Related: $0
- Other: $36,934
- Compensation: $1,397,880
- Related: $0
- Other: $37,362
- Compensation: $1,447,077
- Related: $0
- Other: $38,057
- Compensation: $0
- Related: $1,364,975
- Other: $348,343
- Compensation: $0
- Related: $146,583
- Other: $11,462
Official website here: www.bannerhealth.com
Where can I find the form 990 for Banner Medical Group?
Banner Medical Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bannerhealth.com
Learn more at the official website: www.bannerhealth.com
Mission Statement of Banner Medical Group
Banner Medical Group (BMG), a vital component of the Banner Health (BH) system, was established with a mission to facilitate BH's mission to make healthcare easier and improve lives by providing integrated and coordinated care and population health management. BMG's primary focus is to enable BH to offer higher quality, more efficient, less expensive, and less duplicative healthcare to the communities it serves.
To further BH's exempt purposes, BMG consolidated provider employment within a single entity. This strategic move enables the organization to coordinate and integrate with BH, enhancing transparency and accountability in physician operations. BMG's employed providers offer a range of services, including primary care and specialty services in clinics located throughout BH's service area and in acute care hospitals. These providers cater to the healthcare needs of the communities, delivering high-quality care in a convenient and patient-friendly environment.
Furthermore, BMG's specialists provide procedure-based care in acute care hospitals, offering services in fields such as cardiology, gastroenterology, and urology, among others. Hospitalists and intensivists are also part of this group, ensuring round-the-clock care for patients admitted to BH's acute care hospitals and intensive care units. Additionally, BMG's allied health providers offer occupational health services in BH's occupational health clinics, providing traditional workers' compensation, employee health evaluations, and similar services for both BH's workforce and employers in the served communities.
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Impact
October, 2024
Banner Medical Group (BMG) significantly enhances the quality and efficiency of healthcare delivery within the communities served by Banner Health. By providing integrated and coordinated care, BMG facilitates a seamless healthcare experience for patients, ensuring that their various medical needs are met in a patient-friendly environment.
With a focus on population health management, BMG consolidates provider employment within a single entity, which allows for improved transparency and accountability in physician operations. This consolidation aligns health services more closely with the goals of Banner Health, enabling a responsive approach to the evolving community healthcare landscape, particularly in light of changes prompted by the Affordable Care Act.
BMG employs a diverse range of providers, including primary care physicians, specialists, and allied health professionals, who deliver a variety of essential services. Many of these providers operate within Banner Health's clinics and hospitals, where they contribute to specialty care in areas such as cardiology, surgery, and emergency care. The presence of hospitalists and intensivists ensures that patients receive comprehensive care round-the-clock, including in specialized settings like intensive care units.
Moreover, BMG supports occupational health initiatives, providing essential services to both Banner Health employees and the broader community. This multifaceted approach not only elevates healthcare quality but also promotes a sustainable model of care that ultimately benefits patients and enhances the overall health of the community.
This information is meant to be a general summary of Banner Medical Group. 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: $4,431
- Program Service Revenue: $495,180,952
- Gross Receipts: $501,671,533
Assets and Liabilities:
- Total Assets: $126,906,730
- Total Liabilities: $84,606,149
- Net Assets: $42,300,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Healthcare Services
Revenue
$495,180,952
Organization Details
Founding Year
2009
Phone
(602) 747-4000Main Address
2901 N Central Ave Suite 160, Phoenix, AZ, 85012
Website
www.bannerhealth.comNTEE Category
Code: E31 - Health
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