Midwest Medical Center

What it reported doing in 2024

Midwest medical center also operates two physician clinics known as midwest health clinic, one located in galena, il and one located in elizabeth, il. The care provided in the midwest health clinics are coordinated with the care of midwest medical center's hospital in an effort to continue to provide low cost and high quality patient care for the residents of galena and elizabeth, il and the surrounding areas. The health clinics operates as a provider-based rural health clinic to midwest medical center's hospital and the practice is made up of four family practice physicians and four mid-level practitioners. Additional services are also provided in the clinic by both employed and outreach doctors that provide services in the areas of orthopedic surgery, podiatry, urology, gynecology, rheumatology, behavioral health, cardiology, general surgery, and ophthalmology. The clinic providers also engage in many activities which promote the well-being of the community and provide health education to the community. An example of these services is dr. Wells, dr. Harmston, dr. Matt gullone and danielle seegmiller provide educational experiences and training to medical students, nurse practitioners and physician assistants at midwest health clinic for those students interested in learning about rural medicine. Another example is dr. Matt gullone, who specializes in sports medicine and provides free care to local athletes during sporting events. The clinic has also been very active in promoting annual wellness visits to medicare patients and providing chronic and wound care management. Midwest medical center participates in the Illinois rural community care organization (ircco), which is an accountable care organization (aco). Ircco is a group of physicians, hospitals, and clinics who voluntarily work together with medicare to provide high-quality services and coordinated care to our medicare patients through the medicare shared savings program (mssp). The ircco mission is to: 1. Improve the health of the individual seeking care and services2. Improve the overall health of the rural population served

Financial Efficiency

• Mission deployment rate: 81.4%; rating input score 81
• Program expense ratio: 84.7%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.1%; rating input score 48; 48th percentile among comparable filings
• Total-asset coverage ratio: 1.54; rating input score 54; 54th percentile among comparable filings
• Liabilities to assets ratio: 0.85; rating input score 15; 15th percentile among comparable filings
• Officer compensation ratio: 5.7%; rating input score 13; 13th percentile among comparable filings

Growth

• Program expense growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
• Revenue growth: 7.4% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 1.7% per year; rating input score 100; 13th percentile among comparable filings