Memorial Professional Services

What it reported doing in 2024

Serving individuals and families in northwest Ohio, memorial professional services (mps), a subsidiary of promedica physician group (ppg), offers a large selection of physicians and advanced practice providers who provide medical care and other healthcare services via an integrated approach through which they collaborate with other providers. This integrated delivery is more cost-effective than traditional delivery systems and helps to ensure patients have better access to care in the most appropriate setting. Ppg and its subsidiaries are part of promedica health system, inc. (promedica), a mission-based, locally owned, nonprofit healthcare organization highly focused on achieving core values. Headquartered in toledo, Ohio, promedica serves 17 states across the country and is one of the nation's leading health systems. Our stewardship of resources has enabled us to wisely invest in patient-centered care, advanced technology, innovative programs, and family-oriented facilities that help to ensure patients and area residents have equal access to high-quality, safe care in the most appropriate setting, regardless of patients' ability to pay. Ppg's well-equipped provider facilities are located in approximately 220 locations, and its network is comprised of more than 1300 healthcare providers certified in more than 50 specialties, including anesthesiology, bariatrics, cardiology, critical care, ent, family medicine, gastroenterology, general surgery, hematology-oncology, hospitalists, internal medicine, neurology and neurosurgery, obstetrics/gynecology, occupational medicine, ophthalmology, orthopaedic surgery, pediatric cardiology, pediatric critical care medicine, pediatrics, psychiatry, sports care, surgical oncology, urology, and vascular medicine. Ppg conducted approximately 2.7 million patient encounters in 2024. Additionally, ppg primary care practices now screen for 6 different social determinants screens for areas such as food insecurity, financial strain, transportation, housing, interpersonal violence, and utilities. Patients screening positive are connected to community resources to improve health and well-being.memorial professional services also provided a significant amount of financial assistance to the community during 2024, of which $208,000 represented uncompensated amounts for treatment of patients who did not have the financial resources to pay for hospital services. Financial assistance represents the cost to provide service and does not include the costs for accounts written off to bad debt for patients who do not pay their bills. Its cost of bad debt for 2024 totaled $564,000. During 2024, memorial professional services expended $17,276,000 in net payroll, providing 131 jobs. A total of $909,000 was withheld from employees in state and local taxes.in summary, ppg and its subsidiaries demonstrate their mission and core values by providing high-quality health care to all patients, regardless of their race, creed, sex, national origin, disability or age. And, we recognize that not all individuals possess the ability to purchase essential medical care. Therefore, promedica provides these healthcare services; recruits and trains healthcare professionals to serve the broader community; provides appropriate financial assistance; offers services and contributions to other nonprofit organizations that allow them to provide key services to their constituents; and presents free educational classes, health fairs and other activities to our local community to help ensure all members have equal access to care.

Financial Efficiency

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

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 8th 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: No; rating input score 0

Accountability

• Independent voting board: 62.5%; rating input score 62; 10th 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: -58%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0.13; rating input score 3; 3rd percentile among comparable filings
• Liabilities to assets ratio: 1.04; rating input score 5; 5th percentile among comparable filings
• Officer compensation ratio: 12.2%; rating input score 13; 13th percentile among comparable filings

Growth

• Program expense growth: 7.7% per year; rating input score 100; 59th percentile among comparable filings
• Revenue growth: 5.6% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 0.6% per year; rating input score 100; 12th percentile among comparable filings