Providence Medical Institute

Organization Overview

Providence Medical Institute is located in Renton, WA. The organization was established in 1988. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Medical Institute 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, Providence Medical Institute generated $219.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $218.0m during the year ending 12/2021. While expenses have increased by 5.1% 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.PROVIDENCE MEDICAL INSTITUTE (PMI) IS A NONPROFIT PHYSICIAN SERVICES ORGANIZATION PROVIDING PRIMARY CARE AND A COMPREHENSIVE RANGE OF SPECIALTY AND HOSPITAL-BASED SERVICES FOR OVER 180,000 PATIENTS. FOUNDED IN 1995 TO PROVIDE HIGH QUALITY, COST-EFFECTIVE AND COMPASSIONATE HEALTHCARE, THE PHYSICIANS OF PMI ARE PART OF A 160+ YEAR TRADITION OF THE SISTERS OF PROVIDENCE, WHOSE LEGACY SPANS THE WESTERN STATES. PHYSICIANS WORK CLOSELY WITH THE ORGANIZATION'S SIX PROVIDENCE MEDICAL CENTERS LOCATED IN SAN PEDRO, TORRANCE, SANTA MONICA, TARZANA, BURBANK, AND MISSION HILLS. PROVIDENCE IS DEDICATED TO PROVIDING A FULL CONTINUUM OF CARE FROM BIRTH THROUGH THE GOLDEN YEARS. THE ORGANIZATION WAS THE FIRST HEALTH SYSTEM IN CALIFORNIA TO WIN HEALTHGRADES' DISTINGUISHED HOSPITAL AWARD FOR FIVE OF THE SIX HOSPITALS EVALUATED FOR THIS ACCOMPLISHMENT. CURRENTLY THE MEDICAL GROUPS AFFILIATED WITH PROVIDENCE MEDICAL INSTITUTE COMPRISE MORE THAN 200 PRIMARY CARE AND SPECIALIST PROVIDERS LOCATED ACROSS 65 MEDICAL OFFICES. THE PHYSICIANS AND STAFF ARE COMMITTED TO EXTENDING PRIMARY AND URGENT CARE SERVICES TO THEIR LOCAL COMMUNITIES.EVEN FOR THOSE WITH INSURANCE THE COST FOR PRIMARY CARE MAY BE OUT OF REACH. PMI AND THE PROVIDENCE LITTLE COMPANY OF MARY MEDICAL CENTER IN TORRANCE HAVE PARTNERED IN THE SOUTH BAY TO OFFER A STATE-OF-THE-ART PRIMARY CARE CLINIC SPECIFICALLY OPEN TO THE UNINSURED OR UNDERINSURED ADULT ON A CASH-PAY BASIS. IN ADDITION TO EXCEPTIONAL CARE, PATIENTS HAVE ACCESS TO HEALTHCARE COUNSELING FOR COMPLEX HEALTH CONDITIONS SUCH AS DIABETES.PROVIDENCE IS COMMITTED TO QUALITY COMPASSIONATE CARE FOR ALL, HONORING THE CORE VALUES OF THE FOUNDING SISTER OF PROVIDENCE AND LIVING THEIR 160+ YEAR-OLD MISSION: TO SERVE THE POOR AND VULNERABLE.OUR HISTORY FOUNDED IN 1996, PROVIDENCE LITTLE COMPANY OF MARY MEDICAL INSTITUTE BEGAN WHEN 27 PHYSICIANS PRACTICING INDEPENDENTLY IN THE COMMUNITY ENTERED INTO A PARTNERSHIP WITH PROVIDENCE LITTLE COMPANY OF MARY TO CREATE A NOT-FOR-PROFIT MEDICAL FOUNDATION. AS PART OF THE PARTNERSHIP, EACH PHYSICIAN IN THE MEDICAL INSTITUTE COMMITTED TO MEETING THE HEALTH NEEDS OF THE COMMUNITY WHILE EMBRACING THE MISSION OF THE SISTERS OF LITTLE COMPANY OF MARY. IN 1999, THE SISTERS OF LITTLE COMPANY OF MARY JOINED WITH THE SISTERS OF PROVIDENCE. TOGETHER, UNDER A CO-SPONSORSHIP, THEY HAVE ADOPTED THE PROVIDENCE MISSION AND CORE VALUES.OUR COMMITMENT TO THE COMMUNITIES WE SERVEPROVIDENCE MEDICAL INSTITUTE (PMI) IS CONTINUING ITS EXPANSION OF CARE TO OUR SOUTH BAY, SAN FERNANDO, AND SANTA CLARITA VALLEY COMMUNITIES BY EXPANDING THE NUMBER AND TYPES OF PHYSICIANS, ADDING MORE LOCATIONS THROUGHOUT OUR SERVICE AREA AS WELL AS PROVIDING NEW SERVICES AT OUR PMI CLINIC SITES PLUS EXPANDING OFFICE HOURS TO MAKE IT MORE CONVENIENT FOR OUR PATIENTS.SECONDLY, PMI IS DOUBLING ITS EFFORTS TO PROVIDE CLINICAL EXCELLENCE IN THE CARE DELIVERED TO PATIENTS. WE ARE ACHIEVING THIS GOAL EVERY YEAR BY CONTINUALLY ADDING HIGHLY-SKILLED PHYSICIANS AND OTHER PROVIDERS, REQUIRING ONGOING MEDICAL EDUCATION AND TRAINING TO ENSURE PHYSICIANS ARE UP TO DATE, ADVANCING THE USE OF TEAM-BASED CARE TO MAKE ADDITIONAL SERVICES AVAILABLE SUCH AS OUR SENIOR WELLNESS PROGRAM AT AXMINSTER MEDICAL GROUP. WE ARE ALSO USING EVIDENCE-BASED MEDICINE (RESEARCH) TO DRIVE MEDICAL DECISIONS.FINALLY, PMI IS CONTINUALLY UTILIZING TECHNOLOGY TO BETTER SERVE OUR PATIENTS. WHILE CURRENT ELECTRONIC MEDICAL RECORDS ALLOW FOR INSTANT ACCESS TO PATIENT RECORDS AND MANY OTHER ADVANTAGES, NEW FUNCTIONS CREATE THE OPPORTUNITY TO MANAGE A PATIENT'S HEALTH MORE PROACTIVELY, SHARE INFORMATION ACROSS PROVIDERS AND WITH THE PATIENT, ALLOW FOR PATIENTS TO INTERACT WITH PHYSICIANS REMOTELY, AND OTHER MAJOR ADVANCES. IN ADDITION, THE EXPANSION OF THE EXPRESS CARE PROGRAM IN SOUTHERN CALIFORNIA IS ALLOWING OUR PATIENTS TO SEE A PHYSICIAN FOR SIMPLE AILMENTS USING THEIR SMARTPHONE OR COMPUTER LAPTOP.COLLABORATIVE MEDICAL CARE BETWEEN PROVIDENCE MEDICAL INSTITUTE, AFFILIATES IN MEDICAL SPECIALTIES MEDICAL GROUP, AND AXMINSTER MEDICAL GROUP IN SUPPORT OF LOCAL MEDICAL AND COMMUNITY NEEDS. PROGRAM REVENUE FROM OTHER PROVIDENCE ENTITIES IS USED FOR PROVIDING HOSPITALIST PROGRAMS, CANCER CENTER SUPPORT, TATTOO REMOVAL, LIVER CLINIC TREATMENT, AND NEUROVASCULAR TREATMENT. THE OTHER PROVIDENCE ENTITIES FUND COSTS OF THESE PROGRAMS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Siena Healthcare Solutions Llc
Consulting
$728,404
Providence Medical Associates
Staffing
$3,852,270
Medical Associates Dba Mcsm
Building Lease
$962,990
People 20 Globalofficeworks
Staffing
$2,405,773
Erdman Company
Construction
$2,314,769
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,208,718
Government grants $2,240,245
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$3,448,963
Total Program Service Revenue$209,715,672
Investment income $91,175
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $31,205
Net Gain/Loss on Asset Sales -$5,115
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $219,160,733

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Providence Medical Institute has recieved totaling $1,595,256.

Awarding OrganizationAmount
Providence Health System-Southern California

Renton, WA

PURPOSE: OPERATIONAL SUPPORT

$1,208,718
Institute For Mental Health & Wellness

Renton, WA

PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT

$386,538
View Grant Recipient Profile

Peer Organizations

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