Indiana University Health Bedford Inc

Organization Overview

Indiana University Health Bedford Inc is located in Indianapolis, IN. The organization was established in 1969. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Indiana University Health Bedford Inc employed 421 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Health Bedford Inc 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, Indiana University Health Bedford Inc generated $103.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $73.7m during the year ending 12/2021. While expenses have increased by 6.2% 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

LEAD THE TRANSFORMATION OF HEALTHCARE THROUGH QUALITY, INNOVATION & EDUCATION, AND MAKE INDIANA ONE OF THE NATION'S HEALTHIEST STATES.

Describe the Organization's Program Activity:

IU HEALTH BEDFORD HOSPITAL IS A MODERN, JOINT COMMISSION APPROVED RURAL HEALTH CARE FACILITY WHICH OFFERS UP-TO-DATE TECHNOLOGY AND MEDICAL PRACTICES. IT ALSO EMPLOYS A PHYSICIAN GROUP PRACTICE, IU HEALTH SOUTHERN INDIANA PHYSICIANS, WHICH IS A MULTI-SPECIALTY PRACTICE PROVIDING MEDICAL SERVICES IN INTERNAL MEDICINE, FAMILY PRACTICE, GENERAL SURGERY, ORTHOPEDICS, OBSTETRICS AND GYNECOLOGY, AND PEDIATRICS. NURSE PRACTITIONERS IN ADULT AND PEDIATRIC PRIMARY CARE HAVE BEEN ADDED TO EXPAND MEDICAL CARE.


AS OF DECEMBER 31, 2021, INDIANA UNIVERSITY HEALTH BEDFORD HOSPITAL HAD RECEIVED STIMULUS FUNDS FROM THE PROVIDER RELIEF FUND UNDER THE PROVISIONS OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) AND PAYCHECK PROTECTION PROGRAM AND HEALTH CARE ENHANCEMENT ACT. INDIANA UNIVERSITY HEALTH BEDFORD HOSPITAL RECOGNIZED $8,534,567 AS OTHER PROGRAM SERVICE REVENUE. INDIANA UNIVERSITY HEALTH BEDFORD HOSPITAL WILL CONTINUE TO MONITOR COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE PROVIDER RELIEF FUND.


IU HEALTH BEDFORD RECEIVES "SHARED SERVICES" REVENUE BY SHARING/PROVIDING SERVICES WITH INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH"), INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC. ("IU HEALTH PHYSICIANS"), INDIANA UNIVERSITY HEALTH BLOOMINGTON, INC. ("IU HEALTH BLOOMINGTON"), AND INDIANA UNIVERSITY HEALTH PAOLI, INC. ("IU HEALTH PAOLI").


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former Key Employee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hayes Locums
Staffing
$305,564
M Lower Pa
Medical
$273,891
Hfi Mechanical Contractors
Hvac
$206,393
United Hosp Svcs Llc
Laundry
$140,549
Integra Imaging Partners
Medical
$125,877
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$105,764
Government grants $332,526
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$438,290
Total Program Service Revenue$102,186,982
Investment income $49,472
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $28,392
Net Gain/Loss on Asset Sales $200,652
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $102,970,071

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Indiana University Health Bedford Inc has recieved totaling $7,054.

Awarding OrganizationAmount
Indiana University Health Foundation Inc

Indianapolis, IN

PURPOSE: Hospital Programs Support

$7,054
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$76,188
Ending Balance$76,188

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