Baptist Health Deaconess

What it reported doing in 2024

Baptist Health Deaconess Medical Group, Inc. ("BHDMG") is a professional medical services company organized and operated to benefit Baptist Health Deaconess Madisonville, Inc. ("BHDM") hospital and the surrounding community. BHDMG is a comprehensive network of primary and specialty care physician practices in Madisonville, Kentucky that includes 89 primary care physicians, specialist physicians and advance practice clinicians. Providers represent more than 50 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.Continued on Schedule O.During fiscal year 2025, BHDMG had over 370,000 patient visits at more than 40 locations. BHDMG also operates urgent care centers, rural health clinics and occupational medicine facilities. BHDMG's primary and specialty care physicians, urgent care centers, occupational medicine facilities and rural health centers offer more convenient and less costly 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 BHDMG 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 the Madisonville service area, Baptist Health Deaconess Madisonville, Inc., (BHDM), (a nonprofit Section 501(c)(3) related entity), has historically provided grants to Baptist Health Deaconess Medical Group, Inc. (BHDMG). These grants have allowed BHDMG to continue to provide care and support 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. BHDM made these grants on the condition that BHDMG 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

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 96%; rating input score 96
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -65.8%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0.08; rating input score 2; 2nd percentile among comparable filings
• Liabilities to assets ratio: 9.66; rating input score 0; 0th percentile among comparable filings
• Officer compensation ratio: 7.1%; rating input score 7; 7th percentile among comparable filings

Growth

• Program expense growth: 12.8% per year; rating input score 100; 83rd percentile among comparable filings
• Revenue growth: 11.7% per year; rating input score 100; 82nd percentile among comparable filings
• Asset growth: -52.3% per year; rating input score 0; 0th percentile among comparable filings