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Nonprofiteer
← BAPTIST HEALTH MEDICAL GROUP INC

Form 990 for tax year 2023

Filed by BAPTIST HEALTH MEDICAL GROUP INC.

Totals

Total revenue
$850,844,258
Total expenses
$1,024,688,943
Contributions and grants received
$205,009,292
Grants paid
$13,571
Program service revenue
$624,190,807
Investment income
$54,160
Other revenue
$21,589,999
Total assets, end of year
$207,219,630
Total liabilities, end of year
$250,211,172
Net assets or fund balances, end of year
-$42,991,542
Program services expenses (Part IX)
$948,446,322
Management and general expenses
$76,242,621
Fundraising expenses
$0
Program service expenses (Part III)
$948,446,322

Program services were 92.6% 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

    $204,234,292

  • 1e · Government grants (contributions)

    $25,000

  • 1f · All other contributions, gifts and grants

    $750,000

  • 2a · Program service revenue: Ins & Patient Payments

    total $386,970,948 · related or exempt $386,970,948

  • 2b · Program service revenue: Medicare/Medicaid Pmts

    total $185,651,287 · related or exempt $185,651,287

  • 2c · Program service revenue: Other Patient Related

    total $50,092,862 · related or exempt $50,092,862

  • 2d · Program service revenue: Care Coordination Fees

    total $1,432,847 · related or exempt $1,432,847

  • 2e · Program service revenue: MOB Rent

    total $42,863 · related or exempt $42,863

  • 3 · Investment income

    total $156,019 · excluded $156,019

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

    other assets $101,859

  • 7c · Gain or loss

    other assets -$101,859

  • 7d · Net gain or loss

    total -$101,859 · excluded -$101,859

  • 11a · Other revenue: Physician Services

    total $18,207,146 · related or exempt $18,207,146

  • 11b · Other revenue: Other Revenue

    total $3,036,516 · related or exempt $3,036,516

  • 11c · Other revenue: Leased Employees

    total $346,337 · related or exempt $346,337

  • 11e · Other revenue, total

    $21,589,999

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,571 · program services $13,571

  • 7 · Other salaries and wages

    total $734,914,433 · program services $697,315,055 · management and general $37,599,378

  • 8 · Pension plan contributions

    total $17,921,609 · program services $17,073,421 · management and general $848,188

  • 9 · Other employee benefits

    total $73,468,431 · program services $67,378,445 · management and general $6,089,986

  • 10 · Payroll taxes

    total $39,027,384 · program services $34,650,524 · management and general $4,376,860

  • 11b · Fees: legal

    total $442,782 · program services $90,000 · management and general $352,782

  • 11g · Fees: other

    total $845,138 · program services $402,654 · management and general $442,484

  • 12 · Advertising and promotion

    total $52,165 · program services $12,000 · management and general $40,165

  • 13 · Office expenses

    total $13,555,485 · program services $9,256,627 · management and general $4,298,858

  • 14 · Information technology

    total $1,303,175 · program services $1,003,921 · management and general $299,254

  • 16 · Occupancy

    total $40,957,871 · program services $39,368,107 · management and general $1,589,764

  • 17 · Travel

    total $3,094,937 · program services $2,574,060 · management and general $520,877

  • 22 · Depreciation, depletion and amortization

    total $10,843,018 · program services $9,734,635 · management and general $1,108,383

  • 23 · Insurance

    total $14,310,941 · program services $14,310,941

  • 24a · Other expenses: Medical Supplies

    total $39,653,905 · program services $39,367,291 · management and general $286,614

  • 24b · Other expenses: Administrative

    total $16,242,976 · program services $2,791,819 · management and general $13,451,157

  • 24c · Other expenses: Purchased Svcs Non-Med

    total $14,940,275 · program services $10,721,014 · management and general $4,219,261

  • 24d · Other expenses: Dues & Licenses

    total $2,977,922 · program services $2,275,809 · management and general $702,113

  • 24e · All other expenses

    total $122,925 · program services $106,428 · management and general $16,497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,649 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $35,417 · end of year $18,968

  • 4 · Accounts receivable

    beginning of year $57,274,097 · end of year $59,978,467

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,124,146 · end of year $2,165,944

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

    $78,114,664

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

    $36,383,431

  • 10c · Land, buildings and equipment, net

    beginning of year $33,165,173 · end of year $41,731,233

  • 14 · Intangible assets

    beginning of year $3,486,409 · end of year $14,225,850

  • 15 · Other assets

    beginning of year $147,542,882 · end of year $89,099,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,118,019 · end of year $86,245,007

  • 23 · Secured mortgages and notes payable

    beginning of year $78,033,104 · end of year $90,220,362

  • 25 · Other liabilities

    beginning of year $0 · end of year $73,745,803

  • 27 · Net assets without donor restrictions

    beginning of year $68,520,650 · end of year -$42,991,542

Mission and programs · 2023

Mission

See Schedule O.

Activities or mission (Part I)

To provide healthcare services and facilities that benefit the communities we serve.

  • Baptist Health Medical Group, Inc. ("BHMG") is a professional medical services company organized and operated to benefit the member hospitals of Baptist Healthcare System, Inc. ("BHS"). BHMG is a comprehensive network of primary and specialty physician practices in Kentucky and Indiana that includes approximately 740 physicians and more than 820 advanced practice clinicians. Providers represent more than 75 specialties, including primary care and family medicine, internal medicine, osteopathic medicine, emergency medicine, general surgery and a wide range of surgical specialties offering advanced treatments and care. During fiscal year 2024, BHMG had over 4,780,000 patient visits at 375 locations. BHMG also operates urgent care centers, rural health clinics and occupational medicine facilities. The primary care and specialty care physician services support the hospitals operated by Baptist Healthcare System, Inc. by staffing emergency departments, providing hospitalist services and surgical care services for patients. BHMG's primary and specialty care physicians, urgent care centers, occupational medicine facilities and rural health centers offer more convenient and economical quality care services to patients and help to maintain sufficient physician expertise and capacity to deliver efficient, appropriate and compassionate patient care in the communities BHMG serves. Our physicians play key leadership roles in determining the direction and development of patient services, they spearhead innovation by leading clinical research and they help to bring advanced treatments and technology to our facilities.In order to meet the health and wellness needs of our communities throughout Kentucky and Indiana, Baptist Healthcare System, Inc. (BHS) provides grants to Baptist Health Medical Group, Inc. (BHMG). BHS is a nonprofit Section 501(c)(3) related entity and the sole member of BHMG. These grants allow BHMG to continue to provide support and care for Medicaid and charity care patients through primary care centers, rural health centers, urgent care centers and specialty health centers that meet a demonstrated community need. BHS makes these grants on the condition that BHMG use the grant funds only for the following activities:1. To provide care for patients participating in Medicaid and other means-tested government health programs, including but not limited to the Kentucky Children's Health Insurance (KCHIP) program.2. To provide care, for free or at discounted rates, to low-income patients who cannot afford the cost of care.3. To fund the operations of rural health clinics that provide care for the patients described above.4. To engage in community activities and programs in response to demonstrated community needs to improve community health, including but not limited to health screenings; COVID testing; vaccinations and community health education. Baptist Healthcare System, Inc. reports the grants related to the above activities on its respective IRS Form 990, Schedule H, Part I, Line 7.

    Expenses $948,446,322 · Grants $13,571 · Revenue $645,780,806

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frank R Purdy III

    Chair & Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rob Schreiner MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Staci Dawn Farner Rogers MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patrick Daniel O'Haire MD

    Director (Effective 8/29/23)

    Total calculated
    $0
    Hours/week
    1

  • Joanne Berryman

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Victoria D Buster

    Director

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    1

  • Isaac J Myers MD

    President

    Total calculated
    $1,206,670
    From this org
    $0
    From related orgs
    $1,166,884
    Other
    $39,786
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $699,401 related
    Bonus
    $0 + $335,344 related
    Other
    $0 + $132,139 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $26,586 related
    Filer's total
    $0 + $1,206,670 related

  • Janet M Norton

    Vice President & Secretary

    Total calculated
    $1,109,535
    From this org
    $0
    From related orgs
    $1,070,881
    Other
    $38,654
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,490 related
    Bonus
    $0 + $307,860 related
    Other
    $0 + $120,531 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $25,454 related
    Filer's total
    $0 + $1,109,535 related

  • Douglas Reed

    Vice President

    Total calculated
    $378,293
    From this org
    $0
    From related orgs
    $330,253
    Other
    $48,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $289,983 related
    Bonus
    $0 + $38,695 related
    Other
    $0 + $1,575 related
    Deferred
    $0 + $12,031 related
    Nontaxable benefits
    $0 + $36,009 related
    Filer's total
    $0 + $378,293 related

  • Richard F Carrico

    VP & Treasurer

    Total calculated
    $913,869
    From this org
    $0
    From related orgs
    $883,091
    Other
    $30,778
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $711,974 related
    Bonus
    $0 + $155,891 related
    Other
    $0 + $15,226 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,778 related
    Filer's total
    $0 + $913,869 related

  • Sandeep Sharma MD

    Physician

    Total calculated
    $1,566,141
    From this org
    $1,520,543
    From related orgs
    $0
    Other
    $45,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $413,202
    Bonus
    $1,105,316
    Other
    $2,025
    Deferred
    $13,200
    Nontaxable benefits
    $32,398
    Filer's total
    $1,566,141

  • Jeffrey Been MD

    Physician

    Total calculated
    $1,647,539
    From this org
    $1,602,939
    From related orgs
    $0
    Other
    $44,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $799,671
    Bonus
    $800,916
    Other
    $2,352
    Deferred
    $13,200
    Nontaxable benefits
    $31,400
    Filer's total
    $1,647,539

  • John Blankenship MD

    Physician

    Total calculated
    $1,564,795
    From this org
    $1,519,424
    From related orgs
    $0
    Other
    $45,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $808,110
    Bonus
    $710,054
    Other
    $1,260
    Deferred
    $13,200
    Nontaxable benefits
    $32,171
    Filer's total
    $1,564,795

  • Bapineedu Gondi MD

    Physician

    Total calculated
    $1,614,303
    From this org
    $1,580,377
    From related orgs
    $0
    Other
    $33,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $820,253
    Bonus
    $748,139
    Other
    $11,985
    Deferred
    $13,200
    Nontaxable benefits
    $20,726
    Filer's total
    $1,614,303

  • Vikas Singh MD

    Physician

    Total calculated
    $1,485,334
    From this org
    $1,461,261
    From related orgs
    $0
    Other
    $24,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $858,999
    Bonus
    $600,252
    Other
    $2,010
    Deferred
    $13,200
    Nontaxable benefits
    $10,873
    Filer's total
    $1,485,334

  • Stephen R Oglesby

    VP & Treasurer (Through 1/6/23)

    Total calculated
    $343,444
    From this org
    $0
    From related orgs
    $336,248
    Other
    $7,196
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $277,805 related
    Bonus
    $0 + $49,875 related
    Other
    $0 + $8,568 related
    Deferred
    $0 + $6,511 related
    Nontaxable benefits
    $0 + $685 related
    Filer's total
    $0 + $343,444 related

  • Thomas Reynolds

    Vice President (Through 7/28/23)

    Total calculated
    $411,142
    From this org
    $0
    From related orgs
    $378,837
    Other
    $32,305
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $225,774 related
    Bonus
    $0
    Other
    $0 + $153,063 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,305 related
    Filer's total
    $0 + $411,142 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Baptist Healthcare System, Inc., a related organization of Baptist Health Medical Group, Inc., uses the following to establish the compensation of the organization's CEO: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Written employment contract - Compensation survey or study - Approval by the Board or Compensation Committee.
Part I, Line 4b
Four officers and executives of Baptist Healthcare System, Inc., (BHS), who participated in the Supplemental Executive Retirement Plan accrued amounts for 2023 which is a portion of the amount reported as deferred compensation in Schedule J, Column C. Other retirement and deferred compensation reported in Schedule J, Column C include amounts for the Retirement Accumulation Plan and Thrift Plan. The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan, as they are fully vested in the plan: Stephen R. Oglesby $6,163 Isaac J. Myers, MD $108,641 Janet Norton $97,033

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Baptist EastMilestone LLC

    N/A · Fitness Center · KY

  • Baptist-Physicians' Surgery Center LLC

    N/A · Ambulatory Surgery Center · KY

  • Medical Associates of Middletown LLC

    N/A · Medical Office Building · KY

  • Baptist Health Cumberland Valley Surgical Center LLC

    N/A · Ambulatory Surgery Center · KY

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202511969349302416

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