Indiana Healthcare Physician Services Inc

What it reported doing in 2024

Preventative health services, general/other: Indiana healthcare physician services, inc. ("ihps") is a non-profit hospital owned group of practices owned and operated to serve the rural areas of Indiana and surrounding communities. Its mission is to support the missions and values of Indiana regional medical center in providing health care and educational services to all who seek healthcare without discrimination. We provide accessible, cost effective quality healthcare within the rural communities of Indiana and surrounding counties. Charity care provided during the fiscal year ended june 30, 2025 was $201,816. Continued on schedule o.ownership of physician offices - ihps focuses on rebuilding the revenue cycle and cost structure of physician offices within the comunity. Ihps also focuses of recruiting physicians that offer a new or needed services within the community.we support and work collaboratively with other non-profit agencies within our community and surrounding counties. Some of the collaborations are listed below, but are not limited to:-(moms) maternal opioid medication support and medication assisted treatment clinic - care for pregnant mothers and individuals impacted by substance use disorder.-access to outpatient mental health care-primary care social work services to address social determinants of health and coordiate patient care for chronic illness.-access to health care for individuals and families based on income through the irmc financial aid program.-internship host site for students pursuing health related degrees.-satellite primary care locations to enable rural health access.-ihps staff are active members on local taskforces and community boards working to improve community health outcomes.-speaking engagements and community programs related to health issues or wellness to any and all community groups, churches, and or other non-profit organizations.-active participation in health programs within the schools.-free parking for patients and employees.-health screening participation with local agencies and non-profit fundraising events within the community.-staff participates in the united way campaign.-employee/timeshare services - ihps focuses on providing quality well-trained support staff to multiple independent physicians within the community.-physician billing services - ihps focuses on providing quality billing services that maximizes reimbursement to multiple independent physicians within the community-thoracic surgery

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 79%; rating input score 79
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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: 50%; rating input score 50; 8th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • 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: -53.2%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0.16; rating input score 3; 3rd percentile among comparable filings
• Liabilities to assets ratio: 0.79; rating input score 14; 14th percentile among comparable filings
• Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings

Growth

• Program expense growth: 10.2% per year; rating input score 100; 71st percentile among comparable filings
• Revenue growth: 12% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 13.9% per year; rating input score 100; 78th percentile among comparable filings