Parkwest Medical Center

Organization Overview

Parkwest Medical Center is located in Knoxville, TN. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Parkwest Medical Center employed 2,375 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkwest Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Parkwest Medical Center generated $417.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $386.3m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PARKWEST MEDICAL CENTER OPERATES A FULL-SERVICE ACUTE CARE HOSPITAL LOCATED IN WEST KNOXVILLE, TENNESSEE, AND A PSYCHIATRIC HOSPITAL IN NEIGHBORING BLOUNT COUNTY, TN WITH A COMBINED TOTAL OF 492 BEDS. IT IS A MEMBER OF THE COVENANT HEALTH SYSTEM.

Describe the Organization's Program Activity:

PARKWEST MEDICAL CENTER ("PARKWEST") ADMITTED ITS FIRST PATIENT ON DECEMBER 10, 1973. IT BECAME A NOT-FOR-PROFIT HOSPITAL IN 1990 AND JOINED THE COVENANT HEALTH SYSTEM IN 1996. PENINSULA, A DIVISION OF PARKWEST MEDICAL CENTER ("PENINSULA") IS THE BEHAVIORAL SERVICES DIVISION OF PARKWEST MEDICAL CENTER AND THE REGION'S LARGEST PROVIDER OF BEHAVIORAL HEALTH SERVICES. PENINSULA HAS A 155-BED HOSPITAL IN BLOUNT COUNTY PROVIDING MENTAL HEALTH SERVICES FOR ADOLESCENTS AND ADULTS. PENINSULA ALSO PROVIDES OUTPATIENT SERVICES IN FOUR COUNTIES. SERVICEWEST KNOXVILLE'S LARGEST MEDICAL CENTER, PARKWEST HAS AN ORGANIZATIONAL CULTURE FOCUSED ON TREATING EVERY PATIENT AND VISITOR WITH COURTESY, COMPASSION AND RESPECT. IT IS BEST KNOWN FOR EXCELLENCE IN ORTHOPEDICS, CARDIOLOGY, SURGICAL AND BEHAVIORAL HEALTH. PARKWEST MEDICAL CENTER AND PENINSULA BEHAVIORAL HOSPITAL, A DIVISION OF PARKWEST, SERVED 266,027 PATIENTS IN 2021. OF THESE, 247,155 WERE OUTPATIENTS AND 22,571 WERE INPATIENTS WITH AN AVERAGE LENGTH-OF-STAY OF 4.81 DAYS. PUTTING PATIENTS FIRSTIN 2021, PARKWEST WAS RECOGNIZED BY U.S. NEWS & WORLD REPORT AS THE #4 BEST HOSPITAL IN TENNESSEE, THE #1 HOSPITAL IN KNOXVILLE METRO AREA, AND RATED AS A HIGH PERFORMING HOSPITAL BY US NEWS & WORLD REPORT FOR HIP AND KNEE REPLACEMENTS, COPD, COLON CANCER SURGERY, HEART ATTACK AND HEART FAILURE MEASURES. BLUECROSS BLUESHIELD GAVE THE HOSPITAL A BLUE DISTINCTION CENTER+ DESIGNATION FOR KNEE REPLACEMENT AND HIP SURGERY, SPINE SURGERY AND MATERNITY CARE, AND A BLUE DISTINCTION CENTER DESIGNATION FOR BARIATRIC SURGERY. PARKWEST WAS NAMED A TOP 50 CARDIOVASCULAR HOSPITAL BY IBM WATSON HEALTH, FOR THE SECOND YEAR IN A ROW. THE JOINT COMMISSION HAS DESIGNATED THE HOSPITAL AS AN ADVANCED PRIMARY STROKE CENTER, AND PARKWEST IS A MEMBER OF COVENANT HEALTH'S STROKE HOSPITAL NETWORK, WHICH LINKS COVENANT HEALTH'S MEMBER HOSPITALS IN PROVIDING RAPID DIAGNOSIS AND TREATMENT OF STROKE. PARKWEST WAS RECOGNIZED WITH GOLDPLUS STROKE QUALITY ACHIEVEMENT AWARD BY THE AMERICAN HEART ASSOCIATION/AMERICAN STROKE ASSOCIATION. PARKWEST HAS EARNED THE GOLDPLUS QUALITY AWARD FROM THE AMERICAN HEART ASSOCIATION, RECOGNIZING CONSISTENT COMPLIANCE WITH EVIDENCE-BASED QUALITY MEASURES FOR CARE OF PATIENTS EXPERIENCING HEART ATTACKS, AND A GOLD AWARD FOR NON-STEMI QUALITY MEASURES. THE CHILDBIRTH CENTER AT PARKWEST MEDICAL CENTER WAS RECOGNIZED BY THE TENNESSEE DEPARTMENT OF HEALTH AND TENNESSEE HOSPITAL ASSOCIATION WITH A BEST FOR BABIES AWARD (2020 DESIGNATION, PRESENTED IN 2021) FOR EFFORTS TO REDUCE INFANT DEATHS. THE AWARD FOCUSES ON HOSPITAL EXCELLENCE FOR BREASTFEEDING SUPPORT, EARLY ELECTIVE DELIVERY REDUCTION AND SAFE SLEEP FOR TENNESSEE BABIES. IMPROVING THE COMMUNITY'S QUALITY OF LIFE THROUGH BETTER HEALTHIN 2021, PARKWEST PROVIDED OVER $100,000 WORTH OF TAXI/TRANSPORTATION VOUCHERS TO PATIENTS WHO NEEDED TRANSPORTATION TO RECEIVE TREATMENT OR HAD BEEN DISCHARGED AND NEEDED TRANSPORTATION HOME. IN 2021, PARKWEST PARTICIPATED IN THE GREATER KNOXVILLE HEART WALK, RAISING FUNDS AND AWARENESS FOR HEART DISEASE. IN NON-COVID YEARS, EMPLOYEES HAVE PARTICIPATED IN THE MARCH OF DIMES MARCH FOR BABIES, WHICH FOCUSES ON IMPROVING THE HEALTH OF NEWBORNS AND INFANTS. PARKWEST ALSO USUALLY PARTICIPATES IN LOCAL HEALTH FAIR SCREENINGS FOR AREA BUSINESSES AND GROUPS, PROVIDING CAROTID ULTRASOUND SCREENINGS AND PHYSICAL THERAPY ERGONOMIC EDUCATION, AS WELL AS STROKE EDUCATION. IN 2021 THE EMPLOYEES AT PARKWEST EXCEEDED FUNDRAISING GOALS FOR THE CHAPLAIN'S FUND WHICH HELPS EMPLOYEES WITH EMERGENCY ASSISTANCE WHEN NEEDED.AS A MEMBER OF COVENANT HEALTH, PARKWEST AND PENINSULA HAVE ADOPTED THE "WE HONOR VETERANS" PROGRAM, RECOGNIZING AND CELEBRATING PATIENTS AND EMPLOYEES WHO ARE VETERANS IN OUR FACILITY. WHEN A PATIENT IS IDENTIFIED AS A VETERAN THEY ARE RECOGNIZED WITH A CERTIFICATE AND PINNING CEREMONY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Linen King
Linen Services
$2,694,105
Neurosurgical Associates
Clinical Management Services
$1,022,548
Volunteer Perfusion Llc
Perfusion Services
$1,778,120
Nurse Pro Plus Llc
Staffing Services
$1,011,433
Medic Regional Blood Center
Blood Processing Fees
$1,345,115
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$208,613
Government grants $2,836,158
All other contributions, gifts, grants, and similar amounts not included above$22,500
Noncash contributions included in lines 1a–1f $32,175
Total Revenue from Contributions, Gifts, Grants & Similar$3,067,271
Total Program Service Revenue$411,962,302
Investment income $122,764
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $553,109
Net Gain/Loss on Asset Sales -$29,912
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $417,785,459

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Parkwest Medical Center has recieved totaling $223,613.

Awarding OrganizationAmount
Fort Sanders Foundation

Knoxville, TN

PURPOSE: Support Pulmonary Rehab, Peninsula patient support, equipment and education support

$208,613
Tennessee Hospital Association

Brentwood, TN

PURPOSE: HEALTHCARE SUPPORT GRANT

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$172,338
Earnings$5,596
Net Contributions$2,681
Other Expense-$5,596
Ending Balance$175,019

Peer Organizations

Organization NameAssets
St Lukes Hospital Of Kansas City
Kansas City, MO
$1,070,641,998
Saint Thomas West Hospital
St Louis, MO
$1,081,181,844
Baptist Health
Little Rock, AR
$1,059,132,631
Mercy Hospital Springfield
Springfield, MO
$1,115,699,805
Ascension St John Hospital
St Louis, MO
$965,978,781
First Health Of The Carolinas Inc
Pinehurst, NC
$986,400,718
Ssm Healthcare Of Oklahoma Inc
St Louis, MO
$906,998,301
Saint Joseph Health System Inc
Lexington, KY
$864,115,504
Mary Washington Healthcare
Fredericksburg, VA
$863,388,863
Uofl Health-Louisville Inc
Louisville, KY
$950,019,808
Ascension Providence Hospital
St Louis, MO
$850,694,127
North Mississippi Medical Center Inc
Tupelo, MS
$809,459,200

Create an account to unlock the data you need.

or