Overview
What is Wellmont Medical Associates Inc?
Wellmont Medical Associates Inc, a Johnson City, Tennessee-based nonprofit healthcare provider, is led by medical professionals and offers comprehensive care to patients in the Tri-Cities region of Northeast Tennessee and Southwest Virginia. With a commitment to physician leadership, Wellmont delivers top-notch medical services including primary care, OB/GYN, surgery, oncology, and various specialties such as neurology, pulmonology, and behavioral health. The organization, which had 1008 employees in fiscal year 2022 and 630,936 patient encounters, is dedicated to enhancing community access to quality, affordable healthcare. Despite incurring losses due to charity care and mandated reductions in reimbursement, Wellmont remains steadfast in its mission to support local causes and provide educational programs to promote healthy living, risk factor identification, and diagnosis and treatment options.
Official website here: www.balladhealth.org
Is Wellmont Medical Associates Inc legitimate?
Wellmont Medical Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellmont Medical Associates Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $668,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,896,806
For more financial information, click here
Official website here: www.balladhealth.org
What is the mission statement of Wellmont Medical Associates Inc?
Wellmont Medical Associates Inc is dedicated to delivering the highest quality of care to those they serve. The mission-driven organization prioritizes physician leadership and offers a range of medical services including primary care, OB/GYN, surgery, and more. Despite financial challenges in providing care to patients covered by Medicare, Medicaid, and other insurance programs, WMA remains committed to community improvement and education. They sponsor programs on healthy lifestyles, risk factor identification, and provide free medical care to underserved populations through initiatives like the Remote Area Medical clinic. WMA's employees also volunteer their time to local nonprofits, such as the United Way and the East Tennessee affiliate of Susan G. Komen for the Cure.
Official website here: www.balladhealth.org
Who is the CEO of Wellmont Medical Associates Inc?
Chase Wilson is the Bh Evp/Coo of Wellmont Medical Associates Inc. The CEO's salary of Wellmont Medical Associates Inc is $716,186 and their total compensation is $802,952.
Official website here: www.balladhealth.org
What is the revenue of Wellmont Medical Associates Inc?
Wellmont Medical Associates Inc's revenue in 2022 was $129,451,708.
Official website here: www.balladhealth.org
Who are the executives of Wellmont Medical Associates Inc and what are their salaries?
The average compensation at Wellmont Medical Associates Inc during 2022 was $73,974. There are 1,008 employees at Wellmont Medical Associates Inc.
Here are 19 key members and their salaries (Wellmont Medical Associates Inc's CEO's salary is $716,186 and their total compensation is $802,952):
- Alan Levine (Bh President & Ceo/Chair) [Trustee/Director]
- Marvin Eichorn (Bh Evp/Cao) [Trustee/Director]
- Eric Deaton (Bh Evp/Coo) [Trustee/Director]
- Lynn Krutak (Bh Evp & Cfo)
- Paul Jett Md (Physician)
- Mark Patterson Md Bh Svp (Bhma Pres/Ceo)
- Joseph Frye Ii Md (Physician)
- Daniel Krenk Md (Physician)
- Paul Kramer Md (Physician)
- Tim Belisle (Bh Evp & Gen Counsel) [Trustee/Director]
- Girendra Hoskere Md (Physician)
- Stephen Combs Md (Vp/Cmo Medical Services)
- Marta Wayt Md (Former Officer/Chairman)
- Howard Herrell Md (Former Officer Sec/Treas)
- Chase Wilson (Bhma Coo/Cfo)
- David Thompson Md (Former Officer/Vice Chair/Camo)
- Landon Combs Md (Former Officer)
- Karen Williams (Former Key Employee)
- Leanne Cox End 102020 (Former Officer Vp/Bhma Cfo)
Official website here: www.balladhealth.org
Where can I find the form 990 for Wellmont Medical Associates Inc?
The Wellmont Medical Associates Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.balladhealth.org
Learn more at the official website: www.balladhealth.org
Mission Statement of Wellmont Medical Associates Inc
Wellmont Medical Associates, Inc. (WMA) is a non-profit healthcare provider with a mission to deliver the best possible care to those it serves. The organization is physician-led and committed to utilizing the latest technological advances to ensure superior patient care. WMA offers a comprehensive range of medical services including primary care, OB/GYN, surgery, oncology, outpatient and urgent care centers, neurology, pulmonology, spine and rehabilitation, behavioral health, sleep center, occupational medicine, physical therapy, pain management, palliative medicine, and hospitalists.
WMA is deeply rooted in its community and dedicated to improving access to quality, affordable healthcare. In fiscal year 2022, the organization had over 630,000 patient encounters. Despite some patients being unable to afford essential medical services, WMA incurred significant losses in providing charity care and caring for patients covered by Medicare, Medicaid, TennCare, and Champus. This shortfall totaled over $25 million due to mandated reductions in Medicare funding and declining reimbursement from TennCare.
In line with its commitment to the community, WMA sponsors educational, community-based programs aimed at improving healthy lifestyles, identifying risk factors, and offering diagnosis and treatment options. Some of these programs include lectures about asthma in area elementary schools, sponsoring a free clinic, offering free medical care through the Remote Area Medical clinic, and supporting various community health initiatives. WMA also participates in health fairs and community screenings and encourages its employees to volunteer with local nonprofit organizations, such as the United Way and the East Tennessee affiliate of Susan G. Komen for the Cure.
Impact
This information is meant to be a general summary of Wellmont Medical Associates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Wellmont Medical Associates Inc, as a nonprofit healthcare provider, has a significant impact on the Tri-Cities region of Northeast Tennessee and Southwest Virginia. It is dedicated to delivering exceptional care to its patients and improving the community's access to quality, affordable healthcare. With a wide range of medical services offered, including primary care, surgery, oncology, behavioral health, and more, Wellmont Medical Associates plays a crucial role in the overall health and well-being of the communities it serves.
In addition to providing essential medical services, Wellmont Medical Associates demonstrates its commitment to the region by supporting educational programs, community-based initiatives, and participating in health fairs and screenings. The organization also engages in charitable activities, providing free medical care through clinics and supporting various nonprofit organizations that serve the uninsured and underinsured populations.
Wellmont Medical Associates' efforts to educate caregivers, improve health outcomes, and enhance the quality of life in the areas it serves make a positive impact on the overall well-being of the community. Through its dedication to delivering the best possible care and supporting causes that improve quality of life, Wellmont Medical Associates contributes significantly to the health and welfare of the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Patient Revenue
Revenue
$80,187,133
Hospital Support
Revenue
$36,889,723
CARES Act Revenue
Revenue
$3,517,849
Performance Bonuses/Cap
Revenue
$2,784,218
Wellness Programs
Revenue
$924,775
Organization Details
Founding Year
2008
Phone
(423) 302-3374
Principal Officer
Chase Wilson
Main Address
311 Princeton Road Suite 1, Johnson City, TN, 376012080
Website
www.balladhealth.org
NTEE Category
Code: E31 - Health
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