Baptist Health Medical Group Inc
- Assets
- $79.9m
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 1,681
- Location
- Coral Gables, FL
- Founding
- 11/2014
- Data as of
- 09/2020
- EIN
- 46-2597739
Organization Overview
Baptist Health Medical Group Inc is located in Coral Gables, FL. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Baptist Health Medical Group Inc employed 1,681 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Medical Group 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 09/2020, Baptist Health Medical Group Inc generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $366.6m during the year ending 09/2020. While expenses have increased by 7.1% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former VP Of Operations | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scrivas Llc Transcription Service | 9/29/21 | $757,833 |
Geicon Inc Construction | 9/29/21 | $735,292 |
Cancer Dental Specialists Pa Physician Services | 9/29/21 | $397,833 |
All Star Recruiting Locums Llc Physician Services | 9/29/21 | $435,325 |
Gallagher Benefit Services Inc Purchased Services | 9/29/21 | $529,073 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $876,259,200 |
| Investment income | $8,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,134 |
| Net Gain/Loss on Asset Sales | -$2,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,053,991,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,803,506 |
| Pension plan accruals and contributions | $3,159,509 |
| Other employee benefits | $11,482,345 |
| Payroll taxes | $10,499,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,512 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,436,102 |
| Advertising and promotion | $3,059,009 |
| Office expenses | $2,344,077 |
| Information technology | $809,041 |
| Royalties | $0 |
| Occupancy | $13,452,940 |
| Travel | $666,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,705,264 |
| Insurance | $12,358,226 |
| All other expenses | $0 |
| Total functional expenses | $366,587,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,900,316 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,493,589 |
| Prepaid expenses and deferred charges | $5,668,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,577,328 |
| Total assets | $79,890,511 |
| Accounts payable and accrued expenses | $70,826,197 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,597,237 |
| Total liabilities | $137,423,434 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$57,532,923 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Health Medical Group Inc has recieved totaling $139,085.
| Awarding Organization | Amount |
|---|---|
Baptist Health South Florida Foundation Inc Coral Gables, FL PURPOSE: OPERATIONS, PROPERTY & EQUIPMENT ACQUISITIONS | $139,085 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baycare Health Systems Inc Clearwater, FL | $8,728,312,613 | $1,143,303,420 |
Orlando Health Medical Group Inc Orlando, FL | $107,082,552 | $364,756,876 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Health First Health Plans Inc Rockledge, FL | $176,410,066 | $451,804,198 |
Baptist Health Medical Group Inc Coral Gables, FL | $79,890,511 | $1,053,991,722 |
Baptist Health System Inc Jacksonville, FL | $559,102,542 | $264,640,326 |
Gulf Health Hospitals Inc Mobile, AL | $254,941,753 | $342,124,939 |
Pasco-Pinellas Hillsborough Community Health System Inc Wesley Chapel, FL | $576,155,358 | $369,233,182 |
Health First Shared Services Inc Rockledge, FL | $1,676,572,579 | $271,514,090 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $36,837,609 | $215,954,168 |
Anc Healthcare Inc Winter Park, FL | $120,132,251 | $8,792,601 |
Piedmont Healthcare Inc Atlanta, GA | $1,865,070,040 | $207,681,365 |