Overview
What is Licking Memorial Professional Corporation?
Licking Memorial Professional Corporation, situated in Newark, Ohio, is a nonprofit organization dedicated to enhancing community health. With a workforce of 590 employees, they provide essential healthcare services to individuals covered by governmental programs, often at reduced costs. Their uncompensated care, totaling approximately $38 million in charges in 2022, includes bad debts and charity care. The organization's mission is to deliver uncompensated care through various reduced-price services and free programs based on community needs. Licking Memorial Professional Corporation regularly extends care to patients unable to pay their bills. In summary, this nonprofit corporation is devoted to improving the health and well-being of the community it serves.
Official website here: www.lmhealth.org
Is Licking Memorial Professional Corporation legitimate?
Licking Memorial Professional Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Licking Memorial Professional Corporation 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: $293,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,783,030
For more financial information, click here
Official website here: www.lmhealth.org
What is the mission statement of Licking Memorial Professional Corporation?
Licking Memorial Professional Corporation is dedicated to enhancing the health of the community they serve. The corporation's mission is to provide care to individuals covered by governmental programs, often at reduced costs. Unrecoverable charges from underpayments amounted to over $34 million in 2022. The corporation offers various reduced-price services and free programs to address community health needs. Licking Memorial Professional Corporation frequently extends care to patients who are unable or unwilling to pay their bills. In 2022, they wrote off approximately $2.8 million in bad debts and $810,000 in charity care.
Official website here: www.lmhealth.org
Who is the CEO of Licking Memorial Professional Corporation?
Robert Montagnese is the President & Ceo, Ex Officio W/O Vote of Licking Memorial Professional Corporation. The CEO's salary of Licking Memorial Professional Corporation is $0 and their total compensation is $872,708.
Official website here: www.lmhealth.org
What is the revenue of Licking Memorial Professional Corporation?
Licking Memorial Professional Corporation's revenue in 2022 was $50,481,959.
Official website here: www.lmhealth.org
Who are the executives of Licking Memorial Professional Corporation and what are their salaries?
The average compensation at Licking Memorial Professional Corporation during 2022 was $115,385. There are 590 employees and 8 volunteers at Licking Memorial Professional Corporation.
Here are 16 key members and their salaries (Licking Memorial Professional Corporation's CEO's salary is $0 and their total compensation is $872,708):
- Hassan Rajjoub Md (Heart Specialist)
- Robert Mueller Md (Orthopedic Surgeon)
- Roy Brown Md (Urologist)
- Andrew Terlecky Md (Orthopedic Surgeon)
- Kevin Ouweleen Md (Orthopedic Surgeon)
- Robert Montagnese (President & Ceo, Ex Officio W/O Vote)
- Cindy Webster (Vp Financial Services)
- Greg Wallis (Vp Physician Practices)
- Eschol Curl Jr (Director)
- Joyce L Malainy (Director)
- Patrick D Guanciale (Director)
- Brian J Mortellaro (Director)
- David E Doney (Director)
- Nancy Neely (Chair) [Trustee/Director]
- Craig R Baldwin (Secretary/Treasurer) [Trustee/Director]
- Michael Massaro (Vice Chair) [Trustee/Director]
Official website here: www.lmhealth.org
Where can I find the form 990 for Licking Memorial Professional Corporation?
The Licking Memorial Professional Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lmhealth.org
Learn more at the official website: www.lmhealth.org
Mission Statement of Licking Memorial Professional Corporation
Licking Memorial Professional Corporation (LMPC) is a dedicated organization that strives to enhance the health and wellbeing of the community. With a strong commitment to its mission, LMPC exists to provide essential healthcare services to individuals covered by governmental programs, often offering care at reduced costs. In many instances, LMPC absorbs the difference between the reimbursement and the charges, treating these amounts as contractual adjustments rather than collectible debts.
In the year 2022, LMPC extended uncompensated care to the value of $37.58 million through various reduced-price services and free programs. These offerings were designed to serve the community's health needs, reflecting LMPC's belief in addressing unmet requirements and aiding those who are unable to pay their bills. The organization's selflessness extended to the write-off of approximately $2.77 million in bad debts and $810,000 in charity care. With such unwavering dedication, LMPC continues to be a beacon of hope, ensuring access to vital healthcare services for those in need.
Impact
This information is meant to be a general summary of Licking Memorial Professional Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Licking Memorial Professional Corporation's impact is significant in improving the health of the community, particularly for individuals covered by governmental programs. The organization provides care at costs below market rates, with a considerable amount of care provided at no cost due to reimbursements being below charges. In 2022 alone, Licking Memorial Professional Corporation provided unreimbursed care valued at $34,835,000. Additionally, the organization offers reduced-price services and free programs throughout the year to address community health needs. Licking Memorial Professional Corporation also extends uncompensated care to patients who are unable to pay their bills, totaling approximately $2,772,000 in bad debts and $810,000 in charity care in 2022. Through these efforts, Licking Memorial Professional Corporation plays a critical role in ensuring access to healthcare services for the community.
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.
PHYSICAN SERVICES
Revenue
$48,894,464
Organization Details
Founding Year
1996
Phone
(220) 564-4528
Principal Officer
Robert Montagnese
Main Address
1320 WEST MAIN STREET, NEWARK, OH, 430553699
Website
www.lmhealth.org
NTEE Category
Code: E21 - Health
If you are a representative of Licking Memorial Professional Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.