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← PIKEVILLE MEDICAL CENTER INC

Form 990 for tax year 2024

Filed by PIKEVILLE MEDICAL CENTER INC.

Totals

Total revenue
$789,640,637
Total expenses
$706,641,708
Contributions and grants received
$7,566,567
Grants paid
$1,429,583
Program service revenue
$711,818,967
Investment income
$11,559,013
Other revenue
$58,696,090
Total assets, end of year
$812,937,738
Total liabilities, end of year
$332,111,837
Net assets or fund balances, end of year
$480,825,901
Program services expenses (Part IX)
$620,016,803
Management and general expenses
$86,624,905
Fundraising expenses
$0
Program service expenses (Part III)
$620,016,803

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $574,070

  • 1e · Government grants (contributions)

    $154,961

  • 1f · All other contributions, gifts and grants

    $6,837,536

  • 1g · Noncash contributions included above

    $300

  • 2a · Program service revenue: NET PATIENT SERVICE RE

    total $711,818,967 · related or exempt $711,818,967

  • 3 · Investment income

    total $11,260,371 · excluded $11,260,371

  • 5 · Royalties

    total $2,062 · excluded $2,062

  • 6a · Gross rents

    real property $226,364 · personal property $1,477,264

  • 6b · Less rental expenses

    real property $299,853 · personal property $0

  • 6c · Rental income or loss

    real property -$73,489 · personal property $1,477,264

  • 6d · Net rental income or loss

    total $1,403,775 · related or exempt -$76,103 · unrelated business $1,479,878

  • 7a · Gross sales of assets other than inventory

    other assets $673,839

  • 7b · Less cost or other basis and sales expenses

    other assets $375,197

  • 7c · Gain or loss

    other assets $298,642

  • 7d · Net gain or loss

    total $298,642 · excluded $298,642

  • 10a · Gross sales of inventory

    $117,373,412

  • 10b · Cost of goods sold

    $69,979,006

  • 10c · Net income from sales of inventory

    total $47,394,406 · unrelated business $5,932,215 · excluded $41,462,191

  • 11a · Other revenue: CAFETERIA

    total $4,301,954 · related or exempt $3,273,249 · unrelated business $357,539 · excluded $671,166

  • 11b · Other revenue: REBATE INCOME

    total $3,716,845 · related or exempt $3,716,845

  • 11c · Other revenue: GIFT SHOP SALES

    total $631,854 · excluded $631,854

  • 11d · All other revenue

    total $1,245,194 · related or exempt $1,245,194

  • 11e · Other revenue, total

    $9,895,847

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $955,592 · program services $955,592

  • 2 · Grants to domestic individuals

    total $473,991 · program services $473,991

  • 5 · Compensation of officers, directors and key employees

    total $8,213,960 · program services $6,986,416 · management and general $1,227,544

  • 6 · Compensation of disqualified persons

    total $1,844,795 · program services $1,569,098 · management and general $275,697

  • 7 · Other salaries and wages

    total $273,510,674 · program services $232,635,589 · management and general $40,875,085

  • 8 · Pension plan contributions

    total $4,432,901 · program services $3,770,422 · management and general $662,479

  • 9 · Other employee benefits

    total $72,369,820 · program services $61,554,437 · management and general $10,815,383

  • 10 · Payroll taxes

    total $16,725,456 · program services $14,225,903 · management and general $2,499,553

  • 11a · Fees: management

    total $2,344,814 · program services $2,126,873 · management and general $217,941

  • 11b · Fees: legal

    total $314,235 · management and general $314,235

  • 11c · Fees: accounting

    total $37,302 · management and general $37,302

  • 11d · Fees: lobbying

    total $82,834 · program services $75,135 · management and general $7,699

  • 11g · Fees: other

    total $73,775,143 · program services $66,918,045 · management and general $6,857,098

  • 12 · Advertising and promotion

    total $2,487,637 · program services $2,256,421 · management and general $231,216

  • 13 · Office expenses

    total $3,404,200 · program services $3,087,794 · management and general $316,406

  • 16 · Occupancy

    total $7,659,554 · program services $6,947,630 · management and general $711,924

  • 17 · Travel

    total $656,491 · program services $595,473 · management and general $61,018

  • 19 · Conferences, conventions and meetings

    total $649,919 · program services $589,512 · management and general $60,407

  • 20 · Interest

    total $4,248,495 · program services $4,248,235 · management and general $260

  • 22 · Depreciation, depletion and amortization

    total $33,143,201 · program services $28,053,657 · management and general $5,089,544

  • 23 · Insurance

    total $15,060,540 · program services $13,660,724 · management and general $1,399,816

  • 24a · Other expenses: MEDICAL SUPPLIES/DRUGS

    total $114,188,271 · program services $103,574,938 · management and general $10,613,333

  • 24b · Other expenses: PROVIDER TAX EXPENSE

    total $23,250,092 · program services $23,250,092

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $16,721,990 · program services $15,167,749 · management and general $1,554,241

  • 24d · Other expenses: UBI TAXES

    total $223,280 · program services $202,527 · management and general $20,753

  • 24e · All other expenses

    total $29,866,521 · program services $27,090,550 · management and general $2,775,971

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,068 · end of year $16,161

  • 2 · Savings and temporary cash investments

    beginning of year $108,418,107 · end of year $167,228,484

  • 3 · Pledges and grants receivable

    beginning of year $16,935,917 · end of year $6,785,930

  • 4 · Accounts receivable

    beginning of year $101,695,769 · end of year $132,130,616

  • 8 · Inventories for sale or use

    beginning of year $23,599,414 · end of year $25,567,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,552,442 · end of year $10,226,895

  • 10a · Land, buildings and equipment: cost or other basis

    $640,702,958

  • 10b · Land, buildings and equipment: accumulated depreciation

    $347,929,629

  • 10c · Land, buildings and equipment, net

    beginning of year $285,538,279 · end of year $292,773,329

  • 12 · Investments: other securities

    beginning of year $12,561,769 · end of year $14,056,947

  • 14 · Intangible assets

    beginning of year $5,199 · end of year $0

  • 15 · Other assets

    beginning of year $149,996,759 · end of year $164,151,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,120,130 · end of year $117,888,812

  • 19 · Deferred revenue

    beginning of year $24,403,999 · end of year $24,145,608

  • 23 · Secured mortgages and notes payable

    beginning of year $188,403,235 · end of year $182,420,459

  • 25 · Other liabilities

    beginning of year $9,289,668 · end of year $7,656,958

  • 27 · Net assets without donor restrictions

    beginning of year $392,896,691 · end of year $480,619,901

  • 28 · Net assets with donor restrictions

    beginning of year $206,000 · end of year $206,000

Mission and programs · 2024

Mission

THE CENTER'S MISSION IS TO ADVANCE THE HEALTH AND WELL-BEING OF OUR REGION THROUGH COMPREHENSIVE CARE IN A CHRISTIAN ENVIRONMENT.

  • PHYSICIAN PRACTICES:OUTPATIENT SERVICES: EXPANDING ACCESS, DELIVERING CAREOUTPATIENT CARE REMAINS A MAJOR PILLAR OF PIKEVILLE MEDICAL CENTER'S (PMC) OPERATIONS, PROVIDING CRITICAL TOUCHPOINTS FOR PREVENTION, DIAGNOSIS, CHRONIC DISEASE MANAGEMENT, AND ONGOING TREATMENT. DURING FY 2025, PMC PHYSICIANS COMPLETED 328,607 PATIENT CLINIC VISITS ACROSS THE MEDICAL CENTER'S NETWORK OF PRIMARY, SPECIALTY AND URGENT CARE LOCATIONS.THIS EXTRAORDINARY VOLUME REFLECTS THE REGION'S INCREASING DEMAND FOR ACCESSIBLE, HIGH-QUALITY CARE AND PMC'S ROLE IN MEETING THAT NEED WITH TIMELY, COMPASSIONATE SERVICE. WHETHER IN RURAL COMMUNITIES OR URBAN CENTERS, PMC'S OUTPATIENT NETWORK ENSURES PATIENTS CAN RECEIVE THE CARE THEY NEED WITHOUT THE BARRIERS OF LONG-DISTANCE TRAVEL OR DELAYED APPOINTMENTS.PMC'S NETWORK OF PROVIDERS SPANS A WIDE ARRAY OF MEDICAL SPECIALTIES, OFFERING CARE THAT RANGES FROM ROUTINE CHECK-UPS AND SCREENINGS TO THE MANAGEMENT OF COMPLEX DISEASES AND SPECIALTY INTERVENTIONS. THESE PRACTICES PLAY A VITAL ROLE IN SUPPORTING THE LONG-TERM HEALTH AND WELL-BEING OF PATIENTS ACROSS EASTERN KENTUCKY, ACTING AS THE FRONTLINE OF HEALTHCARE DELIVERY IN THE REGION.AS HEALTHCARE CONTINUES TO EVOLVE, PMC REMAINS COMMITTED TO GROWING ITS OUTPATIENT FOOTPRINT, INVESTING IN TECHNOLOGY, INFRASTRUCTURE, AND WORKFORCE DEVELOPMENT TO ENSURE THAT EVERY PATIENT REGARDLESS OF LOCATION HAS ACCESS TO THE CARE THEY NEED, WHEN THEY NEED IT. DURING FY 2025, THE FOLLOWING PRACTICES PLAYED A VITAL ROLE IN ADDRESSING BOTH ROUTINE AND COMPLEX HEALTHCARE NEEDS:- CARDIOLOGY PRACTICE (PIKEVILLE) 23,306 VISITS. PMC'S CARDIOVASCULAR TEAM CONTINUES TO PROVIDE COMPREHENSIVE HEART CARE, FROM PREVENTIVE SCREENINGS TO ADVANCED DIAGNOSTICS AND INTERVENTIONAL PROCEDURES.- PEDIATRIC PRACTICE (PIKEVILLE) 14,865 VISITS. PMC'S PEDIATRIC PROVIDERS OFFER A TRUSTED, CHILD-CENTERED APPROACH TO CARE, HELPING FAMILIES WITH EVERYTHING FROM WELL-CHILD VISITS AND IMMUNIZATIONS TO THE MANAGEMENT OF CHRONIC PEDIATRIC CONDITIONS.- PRIMARY CARE (PIKEVILLE) 12,335 VISITS. AS A FIRST POINT OF CONTACT FOR MANY, PMC'S PRIMARY CARE PHYSICIANS SERVE AS LONG-TERM HEALTH PARTNERS FOR PATIENTS OF ALL AGES.- ONCOLOGY PRACTICE (PIKEVILLE) 12,011 VISITS. THE ONCOLOGY DEPARTMENT CONTINUES TO DELIVER CUTTING-EDGE CANCER CARE, OFFERING CHEMOTHERAPY, RADIATION, AND SUPPORT SERVICES CLOSE TO HOME.- RHEUMATOLOGY PRACTICE (PIKEVILLE) 8,449 VISITS. PMC'S RHEUMATOLOGY SPECIALISTS PROVIDE EXPERT DIAGNOSIS AND MANAGEMENT OF CONDITIONS SUCH AS ARTHRITIS, LUPUS, AND FIBROMYALGIA.- PRIMARY CARE (PRESTONSBURG) 7,461 VISITS. THE EXPANSION OF SERVICES TO PRESTONSBURG REFLECTS PMC'S REGIONAL GROWTH AND DEDICATION TO IMPROVING ACCESS IN UNDERSERVED AREAS.PMC HAS ALSO SEEN STRONG VOLUMES ACROSS ITS GROWING ROSTER OF SPECIALTY PHYSICIAN PRACTICES, INCLUDING:- OB/GYN PRACTICE 20,974 VISITS- UROLOGY PRACTICE 10,939 VISITS- GASTROENTEROLOGY PRACTICE 6,566 VISITS- NEPHROLOGY PRACTICE 4,610 VISITS- PMC SPECIALTY CLINIC WHITESBURG 4,436 VISITS- BARIATRIC SURGERY CENTER 4,191 VISITSPMC'S URGENT CARE LOCATIONS PROVIDE A CRITICAL LINK FOR PATIENTS NEEDING PROMPT, NON-EMERGENCY CARE, WITH AN ADDITIONAL URGENT CARE PRACTICE IN SOUTH WILLIAMSON, KENTUCKY, EXPANDING ACCESS TO CONVENIENT, HIGH-QUALITY HEALTHCARE SERVICES FOR PATIENTS THROUGHOUT THE REGION BEGINNING IN FEBRUARY 2026.- URGENT CARE PIKEVILLE 22,417 VISITS- URGENT CARE PRESTONSBURG 8,225 VISITS

    Expenses $176,902,140 · Revenue $67,327,197

  • SURGICAL SERVICES:SURGICAL EXPANSION: ADVANCING ACCESS AND EXCELLENCEPMC HAS COMPLETED A MAJOR EXPANSION BY ADDING FOUR NEW STATE-OF-THE-ART OPERATING SUITES, BRINGING ITS TOTAL TO 24 FULLY EQUIPPED OPERATING ROOMS ON ITS MAIN CAMPUS. IN 2025, PMC MADE HISTORY AS THE FIRST AND ONLY HOSPITAL IN KENTUCKY AND ONE OF JUST 12 HOSPITALS NATIONWIDE TO ACHIEVE THE EMERGENCY GENERAL SURGERY VERIFICATION PROGRAM (EGS-VP) DESIGNATION BY THE AMERICAN COLLEGE OF SURGEONS (ACS).DURING 2025, PMC ANNOUNCED A MAJOR EXPANSION OF SURGICAL SERVICES, CENTERED ON FOUR NEW OPERATING SUITES AND THE INTUITIVE DA VINCI 5 SURGICAL SYSTEM, INTUITIVE'S MOST ADVANCED AND INTEGRATED ROBOTIC PLATFORM. THE DA VINCI 5 SUPPORTS MINIMALLY INVASIVE PROCEDURES ACROSS UROLOGY, GYNECOLOGY, BARIATRICS, AND GENERAL SURGERY AND INTRODUCES ADVANCED FORCE FEEDBACK TECHNOLOGY THAT GIVES SURGEONS A GREATER SENSE OF TOUCH, HIGHER-RESOLUTION IMAGING, AND MORE THAN 10,000 TIMES THE COMPUTING POWER OF THE PRIOR DA VINCI XI FOR REAL-TIME ANALYTICS AND DECISION SUPPORT. WITH FOUR NEW OPERATING SUITES AND THE DA VINCI 5 SYSTEM, PMC'S SURGICAL TEAMS CAN OFFER EVEN MORE PRECISE, MINIMALLY INVASIVE PROCEDURES THAT IMPROVE OUTCOMES.PMC ALSO CONTINUES TO LEVERAGE OTHER ROBOTIC-ASSISTED TECHNOLOGIES TO ENHANCE SPECIALIZED CARE. THE CORI ROBOTIC-ASSISTED SYSTEM IMPROVES ORTHOPEDIC PRECISION AND OUTCOMES, AND THE RECENTLY ADDED ION ROBOTIC BRONCHOSCOPY PLATFORM STRENGTHENS THE HOSPITAL'S ABILITY TO DIAGNOSE AND TREAT PULMONARY CONDITIONS WITH EXCEPTIONAL ACCURACY. TOGETHER, THE EXPANDED SUITE CAPACITY AND ROBOTIC PLATFORMS ALLOW PMC'S SURGICAL TEAMS TO ACCOMMODATE MORE CASES WHILE DELIVERING ADVANCED, MINIMALLY INVASIVE CARE THAT OFTEN RESULTS IN SHORTER RECOVERY TIMES. THESE ADVANCEMENTS KEEP PMC AT THE FOREFRONT OF SURGICAL INNOVATION FOR THE CENTRAL APPALACHIAN REGION.

    Expenses $93,265,578 · Revenue $137,933,271

  • DIAGNOSTIC SERVICES: TRANSFORMING HEALTHCARE THROUGH CUTTING-EDGE DIAGNOSTICSAT PMC, DIAGNOSTIC SERVICES PLAY A CENTRAL ROLE IN DELIVERING TIMELY, PRECISE, AND COMPASSIONATE CARE ACROSS EVERY DEPARTMENT, FROM TRAUMA RESPONSE AND STROKE INTERVENTION TO ONCOLOGY AND CARDIOLOGY. WITH A TEAM OF OVER 86 CERTIFIED TECHNOLOGISTS OPERATING ACROSS MULTIPLE IMAGING MODALITIES, PMC MAINTAINS FULL ACCREDITATION FROM THE AMERICAN COLLEGE OF RADIOLOGY (ACR) IN CT, MRI, MAMMOGRAPHY, PET, AND NUCLEAR MEDICINE.IN 2025, PMC OPENED A NEW MRI SCANNER, ENABLING THE RELOCATION OF CARDIAC MRI SERVICES TO THE OUTPATIENT SETTING THROUGH A STRONG PARTNERSHIP WITH PMC'S HEART & VASCULAR INSTITUTE. SERVICES SUCH AS CORONARY CT ANGIOGRAPHY (CTA) AND CARDIAC MRI ALLOW FOR NON-INVASIVE, HIGH-RESOLUTION IMAGING THAT INFORMS BOTH EMERGENT AND LONG-TERM CARDIOVASCULAR TREATMENT PLANS. THIS MOVE INCREASED AVAILABILITY, STREAMLINED WORKFLOWS, AND IMPROVED THE OVERALL PATIENT EXPERIENCE BY REDUCING DELAYS AND ELIMINATING THE NEED FOR INPATIENT APPOINTMENTS FOR MANY.PMC HAS ALSO EXPANDED ITS INNOVATIVE DRIVE-THRU DIAGNOSTIC MODEL BY OPENING A TWO-BAY, FULLY ENCLOSED DIAGNOSTIC CENTER. ORIGINALLY DEVELOPED IN 2020 DURING THE COVID-19 PANDEMIC, THE DRIVE-THRU WAS A GROUNDBREAKING SOLUTION FOR SAFE, CONTACTLESS SERVICE DELIVERY. THE NEWLY ENHANCED, WEATHER-PROTECTED VERSION PROVIDES LAB DRAWS AND VACCINATIONS FOR PMC EMPLOYEES AND THE PUBLIC AND REMAINS ONE OF THE FEW MODELS OF ITS KIND IN THE REGION.BREAST HEALTH HAS ALSO EMERGED AS A TOP PRIORITY WITHIN PMC'S DIAGNOSTIC LANDSCAPE. THE ADDITION OF ONE OF THE REGION'S ONLY BREAST-DEDICATED RADIOLOGISTS, MARKS A CRITICAL ENHANCEMENT TO DIAGNOSTIC INTERPRETATION AND PATIENT CARE. PMC HAS INSTALLED A THIRD 3D MAMMOGRAPHY UNIT AND ACQUIRED AN ULTRASOUND SYSTEM DEDICATED SPECIFICALLY TO BREAST BIOPSIES. ALL BREAST BIOPSY PROCEDURES, STEREOTACTIC, ULTRASOUND-GUIDED, AND SOON MRI-GUIDED HAVE BEEN MOVED TO THE OUTPATIENT DIAGNOSTIC CENTER, OFFERING A CALMER, MORE PRIVATE SETTING FOR PATIENTS.ANOTHER AREA OF RAPID GROWTH WITHIN DIAGNOSTIC SERVICES IS NUCLEAR MEDICINE, WHERE PMC NOW PROVIDES SPECIALIZED SCANS FOR NEUROENDOCRINE TUMORS AND PROSTATE-SPECIFIC PET IMAGING, AS WELL AS EARLY-ONSET ALZHEIMER'S IMAGING PROTOCOLS. LOOKING AHEAD, PMC PLANS TO INTRODUCE BREAST CANCER PET IMAGING, FURTHER REINFORCING ITS COMMITMENT TO EARLY DETECTION AND COMPREHENSIVE BREAST HEALTH CARE.

    Expenses $17,993,967 · Revenue $69,880,894

  • ALL OTHER PROGRAMS: COMMITTED TO CARE. CALLED TO SERVEPIKEVILLE MEDICAL CENTER (PMC), A 348-BED TERTIARY CARE CENTER, PROVIDES HIGH-QUALITY, COMPREHENSIVE HEALTHCARE FOR EASTERN KENTUCKY AND THE CENTRAL APPALACHIAN REGION. FOR DECADES, THE REGION SERVED BY PMC BATTLED MANY CHALLENGES RELATED TO LIMITED ACCESS TO QUALITY MEDICAL CARE; PMC HAS STRIVED TO CONTINUALLY EXPAND SERVICE OFFERINGS AND IMPROVE ACCESS TO HEALTHCARE ACROSS THE REGION IN PURSUIT OF THE ORGANIZATION'S GOAL TO BE THE PROVIDER OF CHOICE THROUGH ITS DEDICATED SERVICE TO THE COMMUNITY AND COMMITMENT TO PROVIDING THE MOST ADVANCED HEALTHCARE TREATMENT AND TECHNOLOGY AVAILABLE.THE MISSION OF PIKEVILLE MEDICAL CENTER IS "TO ADVANCE THE HEALTH AND WELL-BEING OF OUR REGION THROUGH COMPREHENSIVE CARE IN A CHRISTIAN ENVIRONMENT." PMC'S MISSION, ALONG WITH THE VISION OF THE ORGANIZATION: "TO BE THE PROVIDER AND EMPLOYER OF CHOICE FOR HEALTHCARE IN THE REGION WE SERVE," IS THE FOUNDATION FOR THE HIGH-QUALITY LEVEL OF CARE PROVIDED EACH DAY THROUGHOUT THE ORGANIZATION, WITH MORE THAN 400 SERVICES AND MORE THAN 3,200 EMPLOYEES, INCLUDING OVER 600 CREDENTIALED HEALTHCARE PROVIDERS.FROM ITS ORIGINS AS A SMALL, RURAL, 50-BED FACILITY IN 1924, PMC HAS GROWN INTO A COMPREHENSIVE REGIONAL MEDICAL COMPLEX. TODAY, PMC OPERATES 11 CENTERS OF EXCELLENCE AND 348 LICENSED BEDS - INCLUDING 328 ACUTE CARE INPATIENT BEDS (16 OF WHICH ARE NEONATAL LEVEL II BASSINETS) AND 20 INPATIENT PHYSICAL REHABILITATION BEDS - PLUS 22 NURSERY BASSINETS, ALONGSIDE 17 AMBULATORY CLINIC LOCATIONS OFFERING 34 SPECIALTIES, SPANNING MORE THAN 1.72 MILLION SQARE FEET ACROSS ITS MAIN CAMPUS, SATELLITE CLINICS, AND SUPPORT SERVICE AREAS.PIKEVILLE MEDICAL CENTER IS A PILLAR OF THE REGIONAL ECONOMIC LANDSCAPE AS HEALTHCARE HAS EVOLVED INTO THE ECONOMY'S LARGEST SECTOR THROUGHOUT EASTERN KENTUCKY, SOUTHWEST VIRGINIA AND SOUTHWEST WEST VIRGINIA. PMC EMBRACES THE RESPONSIBILITY OF BEING ONE OF THE REGION'S LARGEST EMPLOYERS AND UNDERSTANDS THAT THE FUTURE HEALTH, SOCIAL AND ECONOMIC OUTCOMES FOR THE REGION DEPEND ON THE FINANCIAL STRENGTH OF THE ORGANIZATION. THE HOSPITAL IS COMMITTED TO CONTINUALLY IMPROVING THE HEALTH AND WELL-BEING OF THE REGION AND NOW OFFERS MORE THAN 400 SERVICES, INCLUDING MOST MAJOR SPECIALTIES AND MANY SUBSPECIALTIES. IN 2025, THIS COMMITMENT TO ITS WORKFORCE WAS RECOGNIZED NATIONALLY AND STATEWIDE. THE PROGRESSIVE PHYSICAL GROWTH AND EXPANSION OF SPECIALTY SERVICE OFFERINGS INCLUDING TRAUMA SERVICES, CARDIAC SERVICES, CANCER SERVICES, AND NOW PEDIATRIC SPECIALTY SERVICES WITH THE AREA'S FIRST PEDIATRIC GASTROENTEROLOGIST, HAVE TRANSFORMED PMC INTO A REGIONAL REFERRAL CENTER FOR SMALLER COMMUNITY HOSPITALS THAT HAVE PATIENTS WITH COMPLEX MEDICAL NEEDS WHOM THEY CANNOT SERVE.CURRENT SERVICES OFFERED AT PMC INCLUDE: A VERIFIED LEVEL II TRAUMA CENTER WHICH IS THE ONLY ONE OF ITS KIND IN KENTUCKY; A COMMISSION ON CANCER-ACCREDITED, FULL-SERVICE CANCER TREATMENT CENTER; A HEART & VASCULAR INSTITUTE WITH PRIMARY PCI ACCREDITATION AND, AS OF JANUARY 2026, AN AFFILIATE SITE OF THE UNIVERSITY OF KENTUCKY GILL HEART & VASCULAR INSTITUTE AFFILIATE NETWORK; A 20-BED INPATIENT PHYSICAL REHABILITATION HOSPITAL; AN ACCREDITED GOLD PLUS NEUROSCIENCE CENTER; NEUROSURGERY; A LEVEL II ADVANCED NEONATAL INTENSIVE CARE UNIT; A MBSAQIP ACCREDITED BARIATRIC & MINIMALLY INVASIVE SURGERY CENTER; JOINT COMMISSION GOLD SEAL CERTIFIED ORTHOPEDIC SURGERY & SPORTS MEDICINE PROGRAM; PULMONARY REHABILITATION; PEDIATRIC SPECIALTY SERVICES INCLUDING CARDIOLOGY, PULMONOLOGY, BMI, AND PLASTICS; THE REGION'S ONLY CHILDREN'S HOSPITAL; A SLEEP LAB; A DIAGNOSTIC CENTER; AUTISM CENTERS; URGENT CARE CENTERS; INTEGRATED FAMILY AND SPECIALTY PHYSICIAN PRACTICES WITH SATELLITE LOCATIONS IN PIKEVILLE, PRESTONSBURG, SOUTH WILLIAMSON, WHITESBURG, KY AND GRUNDY, VA, ALONG WITH A SCHOOL TELE-HEALTH PROGRAM SERVING EVERY PIKE COUNTY DISTRICT AND PIKEVILLE INDEPENDENT DISTRICT SCHOOL LOCATION.PMC CONTINUES TO REAFFIRM ITS LEADERSHIP ROLE IN HEALTHCARE ACROSS EASTERN KENTUCKY AND THE CENTRAL APPALACHIAN REGION. WITH A STEADFAST COMMITMENT TO DELIVERING ADVANCED, COMPASSIONATE, AND PATIENT-CENTERED CARE, PMC SERVED A SUBSTANTIAL NUMBER OF PATIENTS ACROSS A WIDE SPECTRUM OF SERVICES DURING THE MOST RECENT REPORTING PERIOD, DEMONSTRATING BOTH CAPACITY AND EXCELLENCE IN MEDICAL CARE DELIVERY.AT PMC, EVERY PATIENT INTERACTION REPRESENTS A COMMITMENT TO IMPROVING LIVES ACROSS EASTERN KENTUCKY AND THE CENTRAL APPALACHIAN REGION. AS A CORNERSTONE OF COMMUNITY HEALTH, PMC HAS EXPERIENCED CONTINUED GROWTH AND DIVERSIFICATION IN CARE DELIVERY, ENSURING THAT HIGH-QUALITY, SPECIALIZED MEDICAL SERVICES ARE AVAILABLE WHEN AND WHERE THEY ARE NEEDED MOST.PATIENT VOLUME:DURING THE TWELVE-MONTH PERIOD FROM OCTOBER 2024 THROUGH SEPTEMBER 2025, PMC RECORDED 595,579 TOTAL PATIENT ENCOUNTERS ACROSS ITS NETWORK OF INPATIENT, OUTPATIENT, SPECIALTY, EMERGENCY, AND URGENT CARE SETTINGS, REFLECTING THE ORGANIZATION'S CONTINUED OPERATIONAL STRENGTH AND THE REGION'S TRUST IN PMC. A BREAKDOWN OF ENCOUNTERS BY SERVICE LINE FOLLOWS.PMC RECORDED 11,904 TOTAL INPATIENT ADMISSIONS DURING THE REPORTING PERIOD. THIS VOLUME REFLECTS PMC'S ABILITY TO MANAGE A BROAD RANGE OF HEALTH CONDITIONS, FROM SURGICAL RECOVERY AND CHRONIC DISEASE MANAGEMENT TO CRITICAL CARE AND SPECIALTY TREATMENTS. THE HIGH INPATIENT NUMBERS ALSO SPEAK TO THE HOSPITAL'S REPUTATION AS A REGIONAL REFERRAL CENTER, DRAWING PATIENTS FROM SURROUNDING COUNTIES WHO REQUIRE ADVANCED DIAGNOSTICS, SPECIALIZED PROCEDURES, AND LONG-TERM MONITORING.PMC'S INPATIENT SERVICES INCLUDE CARDIOLOGY, ONCOLOGY, ORTHOPEDICS, NEUROLOGY, WOMEN'S HEALTH, AND INTENSIVE CARE UNITS STAFFED BY HIGHLY TRAINED MEDICAL PROFESSIONALS AND SUPPORTED BY CUTTING-EDGE TECHNOLOGY. DURING THE PERIOD, PMC ALSO WELCOMED 1,246 BIRTHS ACROSS ITS WOMEN'S AND NEWBORN SERVICES.THE EMERGENCY DEPARTMENT (ED) AT PMC REMAINS ONE OF THE BUSIEST IN THE REGION, RECORDING 43,726 VISITS DURING THE REPORTING PERIOD. THESE NUMBERS UNDERSCORE THE HOSPITAL'S VITAL ROLE IN PROVIDING AROUND-THE-CLOCK EMERGENCY CARE TO A BROAD GEOGRAPHIC AREA, OFTEN ENCOMPASSING RURAL COMMUNITIES WHERE IMMEDIATE MEDICAL ACCESS MAY BE LIMITED.PMC ALSO SERVES AS A DESIGNATED LEVEL II TRAUMA CENTER FOR THE REGION, EQUIPPED TO HANDLE SEVERE AND LIFE-THREATENING INJURIES. DURING THE REPORTING PERIOD, THE TRAUMA PROGRAM PROVIDED EMERGENT, POTENTIALLY LIFE-SAVING CARE TO 1,248 PATIENTS, SUPPORTED BY A MULTIDISCIPLINARY TEAM THAT INCLUDES TRAUMA SURGEONS, ORTHOPEDIC SPECIALISTS, NEUROSURGEONS, AND CRITICAL CARE STAFF.COMMITMENT TO EXCELLENCE AND COMMUNITY HEALTH:AS ONE OF THE LARGEST EMPLOYERS AND HEALTHCARE PROVIDERS IN THE REGION, PIKEVILLE MEDICAL CENTER CONTINUES TO INVEST IN CLINICAL EXCELLENCE, COMMUNITY OUTREACH, AND STAFF DEVELOPMENT. THE HOSPITAL REMAINS FOCUSED ON:- EXPANDING ACCESS TO CARE THROUGH TELEMEDICINE AND OUTREACH CLINICS- IMPROVING PATIENT OUTCOMES THROUGH CONTINUOUS QUALITY IMPROVEMENT INITIATIVES- SUPPORTING THE LOCAL ECONOMY WITH JOB CREATION AND COMMUNITY PARTNERSHIPS- EDUCATING FUTURE HEALTHCARE PROFESSIONALS THROUGH RESIDENCY AND TRAINING PROGRAMS- INVESTING IN ITS WORKFORCE THROUGH INITIATIVES SUCH AS THE PLANNED APPALACHIAN VALLEY ANGEL ACADEMY EMPLOYEE CHILDCARE CENTER WITH 595,579 TOTAL PATIENT ENCOUNTERS RECORDED DURING FY 2025 -- INCLUDING 11,904 INPATIENT ADMISSIONS, 43,726 EMERGENCY DEPARTMENT VISITS, 328,607 PHYSICIAN CLINIC VISITS, AND 1,325,319 IN-HOUSE LAB TESTS PIKEVILLE MEDICAL CENTER CONTINUES TO BE A CORNERSTONE OF HEALTH AND HEALING FOR EASTERN KENTUCKY. THE NUMBERS REFLECT MORE THAN VOLUME; THEY REPRESENT LIVES TOUCHED, FAMILIES HELPED, AND A COMMUNITY STRENGTHENED BY THE PRESENCE OF A TRUSTED HEALTHCARE PROVIDER.

    Expenses $331,855,118 · Grants $1,429,583 · Revenue $444,836,790

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ronald Burchett

    BOARD MEMBER

    Total calculated
    $23,885
    From this org
    $23,885
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related
  • William D Blackburn

    BOARD CHAIR/PRESIDENT/CEO

    Total calculated
    $1,738,038
    From this org
    $1,685,555
    From related orgs
    $0
    Other
    $52,483
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,149,512
    Bonus
    $346,680
    Other
    $189,363
    Deferred
    $15,250
    Nontaxable benefits
    $37,233
    Filer's total
    $1,738,038
  • Joe Dean Anderson

    BOARD SECRETARY/TREASURER

    Total calculated
    $23,885
    From this org
    $23,885
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related
  • David Collins CPA

    BOARD VICE-CHAIR

    Total calculated
    $23,885
    From this org
    $23,885
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related
  • John Labreche

    BOARD MEMBER

    Total calculated
    $23,885
    From this org
    $23,885
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related
  • Julius Clinton Martin II

    BOARD MEMBER

    Total calculated
    $24,082
    From this org
    $24,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related
  • Mary Simpson PhD

    BOARD MEMBER

    Total calculated
    $23,967
    From this org
    $23,967
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Jyothi Mettu MD

    BOARD MEMBER

    Total calculated
    $24,993
    From this org
    $24,993
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • David Baird

    BOARD MEMBER

    Total calculated
    $36,116
    From this org
    $0
    From related orgs
    $0
    Other
    $36,116
    Hours/week
    3
  • Aaron Crum MD

    EX-OFFICIO/CMO/ASST CEO

    Total calculated
    $1,331,440
    From this org
    $1,315,073
    From related orgs
    $0
    Other
    $16,367
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $987,317
    Bonus
    $302,945
    Other
    $24,811
    Deferred
    $15,250
    Nontaxable benefits
    $1,117
    Filer's total
    $1,331,440
  • Robert Shurtleff

    BOARD MEMBER

    Total calculated
    $23,885
    From this org
    $23,885
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Linda Wagner-Justice

    BOARD MEMBER

    Total calculated
    $23,967
    From this org
    $23,967
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Phillip D Reed

    BOARD MEMBER

    Total calculated
    $24,218
    From this org
    $24,218
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Erich Blackburn

    EX-OFFICIO/CHIEF LEGAL OFFICER, EXEC. VP

    Total calculated
    $954,085
    From this org
    $901,602
    From related orgs
    $0
    Other
    $52,483
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $682,370
    Bonus
    $206,700
    Other
    $12,532
    Deferred
    $15,250
    Nontaxable benefits
    $37,233
    Filer's total
    $954,085
  • Michelle Hagy

    EX-OFFICIO/CFO/EXEC. VP FINANCE

    Total calculated
    $894,363
    From this org
    $841,890
    From related orgs
    $0
    Other
    $52,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $615,069
    Bonus
    $190,116
    Other
    $36,705
    Deferred
    $15,240
    Nontaxable benefits
    $37,233
    Filer's total
    $894,363
  • Jennifer Erin Mullins MD

    BOD/CHIEF OF STAFF/OBGYN

    Total calculated
    $498,994
    From this org
    $449,411
    From related orgs
    $0
    Other
    $49,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,639
    Bonus
    $0
    Other
    $772
    Deferred
    $12,350
    Nontaxable benefits
    $37,233
    Filer's total
    $498,994
  • Melissa Thacker

    CHIEF QUALITY OFFICER-EXEC. VP

    Total calculated
    $388,983
    From this org
    $372,616
    From related orgs
    $0
    Other
    $16,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,752
    Bonus
    $0
    Other
    $34,864
    Deferred
    $15,250
    Nontaxable benefits
    $1,117
    Filer's total
    $388,983
  • Kansas Justice

    CHIEF OPERATING OFFICER-EXEC. VP

    Total calculated
    $676,797
    From this org
    $628,064
    From related orgs
    $0
    Other
    $48,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $570,910
    Bonus
    $0
    Other
    $57,154
    Deferred
    $11,500
    Nontaxable benefits
    $37,233
    Filer's total
    $676,797
  • Cheryl Hickman

    CHIEF REGULATORY OFFICER-EXEC. VP

    Total calculated
    $290,424
    From this org
    $259,300
    From related orgs
    $0
    Other
    $31,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,260
    Bonus
    $75,000
    Other
    $34,040
    Deferred
    $9,414
    Nontaxable benefits
    $21,710
    Filer's total
    $290,424
  • Michelle Rainey

    CHIEF NURSING OFFICER-EXEC. VP

    Total calculated
    $505,881
    From this org
    $453,398
    From related orgs
    $0
    Other
    $52,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,584
    Bonus
    $0
    Other
    $35,814
    Deferred
    $15,250
    Nontaxable benefits
    $37,233
    Filer's total
    $505,881
  • Tony Damron

    CHIEF INFORMATION OFFICER-EXEC. VP

    Total calculated
    $439,553
    From this org
    $391,520
    From related orgs
    $0
    Other
    $48,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $383,910
    Bonus
    $0
    Other
    $7,610
    Deferred
    $10,800
    Nontaxable benefits
    $37,233
    Filer's total
    $439,553
  • Marcus Conley

    SENIOR VP FINANCE

    Total calculated
    $331,594
    From this org
    $287,336
    From related orgs
    $0
    Other
    $44,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,770
    Bonus
    $1,000
    Other
    $15,566
    Deferred
    $7,042
    Nontaxable benefits
    $37,216
    Filer's total
    $331,594
  • Keith Hall MD

    ORTHOPEDIC SURGEON

    Total calculated
    $1,969,159
    From this org
    $1,916,676
    From related orgs
    $0
    Other
    $52,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $979,232
    Bonus
    $880,130
    Other
    $57,314
    Deferred
    $15,250
    Nontaxable benefits
    $37,233
    Filer's total
    $1,969,159
  • Kevin Pugh MD

    ORTHOPEDIC SURGEON

    Total calculated
    $1,845,759
    From this org
    $1,797,026
    From related orgs
    $0
    Other
    $48,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $979,232
    Bonus
    $745,561
    Other
    $72,233
    Deferred
    $11,500
    Nontaxable benefits
    $37,233
    Filer's total
    $1,845,759
  • Christopher Reynolds MD

    ELECTROPHYSIOLOGIST/CARDIOLOGIST

    Total calculated
    $1,245,443
    From this org
    $1,196,710
    From related orgs
    $0
    Other
    $48,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,196,410
    Bonus
    $0
    Other
    $300
    Deferred
    $11,500
    Nontaxable benefits
    $37,233
    Filer's total
    $1,245,443
  • Kenneth Koval MD

    ORTHOPEDIC TRAUMA SURGEON

    Total calculated
    $1,308,354
    From this org
    $1,256,119
    From related orgs
    $0
    Other
    $52,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,253,909
    Bonus
    $0
    Other
    $2,210
    Deferred
    $15,002
    Nontaxable benefits
    $37,233
    Filer's total
    $1,308,354
  • Angela Maggard MD

    OBSTETRICIAN GYNECOLOGIST

    Total calculated
    $1,165,656
    From this org
    $1,116,164
    From related orgs
    $0
    Other
    $49,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,437
    Bonus
    $742,437
    Other
    $1,290
    Deferred
    $12,259
    Nontaxable benefits
    $37,233
    Filer's total
    $1,165,656

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
EXPENSES RELATED TO MEALS AND PORTERAGE FOR A TRAVEL COMPANION ATTENDING THE ANNUAL PMC BOARD RETREAT WERE APPROVED IN ADVANCE BY THE CEO AND REPORTED, AS APPLICABLE, AS A TAXABLE BENEFIT.
PART I, LINE 7
DR. HALL, DR. PUGH, AND DR. MAGGARD EARNED A QUARTERLY PRODUCTIVITY BONUS BASED ON WRVUS FOR SERVICES RENDERED IN EXCESS OF THEIR WRVU TARGET. EXECUTIVE OFFICERS RECEIVED A RETENTION BONUS. CHERYL HICKMAN RECEIVED A RETIREMENT SERVICE RECOGNITION BONUS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LANDMARK PROPERTIES OF PIKEVILLE INC

    C · LODGING · KY · 100% owned · share of income $2,265,575 · share of assets $4,628,305 · controlled entity

    Directly controlled by PIKEVILLE MEDICAL CENTER INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.5
Source object
202612299349302556

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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