University of Minnesota Physicians

What it reported doing in 2024

University of Minnesota physicians (ump) serves as the integrated, multi-specialty group practice for the university of Minnesota medical school (medical school) faculty. It operates as an integral part of the medical school, a component of the university of Minnesota (university), which is a tax-exempt land grant public university.(continued on schedule o)as the designated practice group for the medical school's faculty, ump was established to support the medical school's tripartite mission: clinical care, teaching, and research. It is the organization through which the faculty physicians provide clinical care to patients and clinical training to the next generation of physicians. The funds derived from ump's activities are used to financially support the medical school's teaching, research, academic administration, and community service activities.clinical care: ump serves the medical school's clinical care mission and the university's land grant mission by providing high-quality, innovative and cutting-edge clinical care to patients across the state of Minnesota and beyond. It brings academic medicine and evidence-based care to patients at over 80 clinical care sites in Minnesota. Ump owns and operates a number of primary care and specialty clinics, including a number of wholly-owned clinics, as well as a co-owned ambulatory care center, the university of Minnesota health clinics and surgery center, which houses a broad range of specialty clinics. Ump also provides patient care at the hospital and ambulatory care sites of its clinical partners, which include over a dozen nonprofit health care systems with facilities located in the metropolitan region as well as the greater Minnesota region.under an academic affiliation relationship with its primary clinical partner, ump provides the primary physician staffing for the university of Minnesota medical center, Minnesota's flagship teaching facility and the region's only university-level academic medical center. In addition to staffing the academic medical center, ump also provides medical leadership for the center, which includes two acute care hospitals (adult and pediatric - the university of Minnesota masonic children's hospital, home of some of the world's top pediatric cancer programs) and dozens of outpatient specialty clinics.ump employs more than 1,200 physicians and 2,400 other clinicians and staff who are committed to providing high-quality, patient-focused care to the communities it serves. Ump's highly skilled and highly trained physicians provide care in over 90 specialties and sub-specialties, diagnosing and treating all patient populations and managing some of the most complex and rare conditions. Ump serves over one million patients annually. It has a charity care program for the uninsured and underinsured and serves many underserved populations. For example: its broadway family medicine clinic, has long provided primary care to an underserved urban community with limited access to health care; its student-run phillips neighborhood clinic is a free clinic that services an uninsured population. Teaching: ump serves the medical school's teaching mission by providing clinical training to the medical students, residents, and fellows in the medical school's graduate medical education programs. Ump's faculty physicians provide this vital training as part of the clinical care they provide to patients. They provide the physicians-in-training with real life, hands-on patient experience in the clinical setting, instructing them on all aspects of patient care and supervising their patient care activities. This clinical training covers over 140 medical residency and fellowship programs for 19 general specialties and over 100 subspecialties. Ump's faculty physicians train over 70% of Minnesota's physicians.research: ump services the medical school's research mission by supporting its faculty physicians' clinical research efforts. Ump's faculty physicians are physician scient

Financial Efficiency

• Mission deployment rate: 88.6%; rating input score 89
• Program expense ratio: 93.1%; rating input score 93
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 33.3%; rating input score 33; 10th 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: 4.8%; rating input score 56; 56th percentile among comparable filings
• Total-asset coverage ratio: 0.36; rating input score 13; 13th percentile among comparable filings
• Liabilities to assets ratio: 0.68; rating input score 23; 23rd percentile among comparable filings
• Officer compensation ratio: 1.3%; rating input score 68; 68th percentile among comparable filings

Growth

• Program expense growth: 8.1% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
• Asset growth: 6.2% per year; rating input score 100; 46th percentile among comparable filings