Overview
What is Banner Medical Group Colorado?
Banner Medical Group Colorado (BUMG) is a key component of Banner Health (BH) in Arizona, formed to enhance the system's integrated and coordinated care and population health management. With a workforce of over 1,100 employees, BUMG focuses on improving healthcare delivery through consolidating provider employment within a single entity. This allows for better coordination, transparency, and alignment with BH's exempt purposes. BUMG's providers offer a range of services, including primary and specialty care in convenient clinic settings, as well as procedure-based care in acute care hospitals. Some providers will also be grouped into larger centers, providing a variety of services under one roof. Furthermore, BUMG's physicians and allied health providers offer occupational health services in BH's clinics. By providing these services, BUMG supports Banner Health's mission to make healthcare easier, allowing for a better quality of life.
Official website here: www.bannerhealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Banner Medical Group Colorado has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it has room for improvement, particularly in accountability and finance. With an overall score of 66%, the organization has strengths in areas such as financial oversight, as evidenced by its high scores for its audit and oversight committee and material diversion of assets. However, significant concerns arise from the lack of independent board members, which raises questions about governance.
The nonprofit's financial practices show a concerning liabilities to assets ratio of over 100%, suggesting potential financial instability. Although Banner Medical Group has a strong program expense ratio of 94.50%, indicating that a large portion of its funds is directed toward its mission, the missing tax forms on its website could hinder transparency and accountability.
Overall, while Banner Medical Group demonstrates a commitment to its programmatic efforts, the organization's governance structure and financial health require attention. Stakeholders may want to consider these factors when assessing the nonprofit's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Banner Medical Group Colorado legitimate?
Banner Medical Group Colorado is a legitimate nonprofit organization registered as a 501(c)(3) entity. Banner Medical Group Colorado 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,064,569
For more financial information, click here
Official website here: www.bannerhealth.com
What is the mission statement of Banner Medical Group Colorado?
Banner Medical Group Colorado (BMGC) strives to support Banner Health's mission of delivering easier and better healthcare through integrated and coordinated care and population health management. By consolidating provider employment under a single entity, BMGC enhances transparency, accountability, and consistency in provider operations, enabling Banner Health to provide higher-quality, less expensive, and more efficient healthcare.
BMGC's employed providers offer a range of services, including primary care and specialties housed in convenient clinic settings, and specialty procedure-based care within acute care hospitals. A group of providers focus on cardiology, gastroenterology, urology, radiology, cardiovascular surgery, bariatric surgery, orthopedic surgery, and general surgery, in addition to hospitalists and intensivists. Another component of BMGC's healthcare professionals provide occupational health services in Banner Health's occupational health clinics.
Together, these integrated and coordinated services improve the overall quality of healthcare and patient experiences, making a significant impact on the lives of those receiving care. BMGC's activities are primarily funded through professional revenue earned from the employed physicians and support from Banner Health.
Official website here: www.bannerhealth.com
Who is the CEO of Banner Medical Group Colorado?
Unavailable The CEO's salary of Banner Medical Group Colorado is $0 and their total compensation is $864,475.
Official website here: www.bannerhealth.com
What is the revenue of Banner Medical Group Colorado?
Banner Medical Group Colorado's revenue in 2022 was $113,976,050.
Official website here: www.bannerhealth.com
Who are the executives of Banner Medical Group Colorado and what are their salaries?
The average compensation at Banner Medical Group Colorado during 2022 was $97,780. There are 1187 employees at Banner Medical Group Colorado.
Here are 12 key members and their salaries (Banner Medical Group Colorado's CEO's salary is $0 and their total compensation is $864,475):
- Compensation: $0
- Related: $481,976
- Other: $38,618
- Compensation: $0
- Related: $650,891
- Other: $43,037
- Compensation: $0
- Related: $315,012
- Other: $29,750
- Compensation: $0
- Related: $858,238
- Other: $7,907
- Compensation: $0
- Related: $709,977
- Other: $154,498
- Compensation: $813,600
- Related: $0
- Other: $36,199
- Compensation: $918,541
- Related: $0
- Other: $31,219
- Compensation: $946,525
- Related: $0
- Other: $28,884
- Compensation: $1,217,420
- Related: $0
- Other: $38,917
- Compensation: $892,414
- Related: $0
- Other: $36,209
- 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 Colorado?
Banner Medical Group Colorado'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 Colorado
Banner Medical Group Colorado (BMGC) is a dedicated entity that assists Banner Health (BH) in accomplishing its mission to make healthcare easier and improve lives by providing integrated and coordinated care and population health management. BMGC was established to enable BH to offer higher quality, more efficient, and less expensive healthcare for the communities it serves. By consolidating provider employment within a single organization, BMGC facilitates improved transparency, accountability, and alignment with BH's exempt purposes and operations.
BMGC's employed providers offer a range of services. Most of these providers operate from BH clinics, which are conveniently located throughout BH's hospital service areas. These providers, including primary care physicians and specialists, focus on delivering high-quality healthcare in a patient-friendly environment. As BH continues to grow and adapt to the changing healthcare landscape, some of these providers will eventually be grouped into larger centers offering a variety of primary and specialist provider services and ancillary services such as clinical laboratory, imaging, physical therapy, ambulatory surgery, and other services.
Another group of BMGC's providers works primarily in BH's acute care hospitals to deliver specialty procedure-based care. This group includes cardiologists, gastroenterologists, urologists, radiologists, cardiovascular surgeons, bariatric surgeons, orthopedic surgeons, general surgeons, hospitalists, and intensivists. Hospitalists and intensivists offer round-the-clock care for patients admitted to BH's acute care hospitals and intensive care units, respectively. A remote ICU monitoring system, BH's E-ICU, employs intensivists who observe and monitor ICU patients on a 24/7 basis, even in smaller, rural hospitals. Additionally, BMGC's physicians and allied health providers offer occupational health services from BH's occupational health clinics. These clinics provide traditional workers compensation, employee health evaluations, and similar services for both BH's substantial workforce and employers in the communities served by BH's hospitals.
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Impact
October, 2024
Banner Medical Group Colorado (BMGC) plays a crucial role in enhancing healthcare accessibility and quality within the communities it serves. By delivering integrated and coordinated care, BMGC contributes significantly to improving patient outcomes and healthcare efficiency.
The organization consolidates a diverse group of healthcare providers—including primary care physicians and specialists—across various clinics and hospitals. This consolidation facilitates streamlined care delivery, reducing duplicative services and ensuring that patients receive comprehensive care tailored to their needs. As a result, BMGC's approach enables health professionals to collaborate more effectively, fostering an environment of transparency and accountability.
Furthermore, BMGC’s presence in both outpatient clinics and acute care hospitals allows it to address a wide range of medical needs, from primary care to specialized surgical procedures. The inclusion of advanced services like remote monitoring in critical care settings enhances the level of care available, particularly in rural areas where access to specialized medical attention may be limited.
By emphasizing population health management, BMGC not only treats individual patients but also works to improve health outcomes on a community-wide scale. This proactive approach helps identify and address public health challenges, reinforcing BMGC's commitment to making healthcare more effective and less burdensome.
Overall, BMGC significantly impacts the healthcare landscape by integrating services, improving care coordination, and fostering a patient-friendly environment, ultimately advancing Banner Health's mission of making healthcare simpler and more effective for everyone.
This information is meant to be a general summary of Banner Medical Group Colorado. 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: $6,133
- Program Service Revenue: $113,512,304
- Gross Receipts: $118,276,812
Assets and Liabilities:
- Total Assets: $21,866,833
- Total Liabilities: $22,431,455
- Net Assets: -$564,622
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Healthcare Services
Revenue
$113,512,304
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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