Cause IQ organization profile

Novant Health Medical Group

Novant Health Medical Group is a managed care organization based in Winston Salem, NC that was founded in 1987. As of 2018 they had $852 million in revenue and $149 million in assets.

Novant Medical Group is a physician-led organization comprised of physician partners who are supported by highly-skilled professionals to provide assistance and support at every level.

Previous legal names or variations of their name include: Novant Medical Group.

EIN:

58-1728803

City:

State:

Metro:

Website:

Phone:

336-718-2803

Founded:

1987

Type:

501(c)(3)

NTEE:

E31: Managed care organizations and group health practices

Revenue:

$852,835,909

Assets:

$149,221,369

Employees:

6,376

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Novant Health Medical Group

Novant medical group offers various physician services to the community at multiple locations. Novant medical group provided 3,287,255 patient encounters during 2017. The organization's operations serve the community by providing access to much needed healthcare services regardless of the patients' ability to pay.

Form 990s for Novant Health Medical Group

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 17, 2020	990	View PDF
2017-12	Dec 22, 2018	990	View PDF
2016-12	Jan 18, 2018	990	View PDF
2015-12	Mar 30, 2017	990	View PDF
2014-12	Jan 22, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for Novant Health Medical Group

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$290,747	$100,000	190.7%
Government grants (contributions)	$2,126,030	$0	999%
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$2,416,777	$100,000	2316.8%

Field	2017	2016	% Change
Total grants, contributions, etc.	$2,416,777	$100,000	2316.8%
Program services	$846,847,037	$757,787,683	11.8%
Investment income and dividends	$0	$0
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$1,355,001	$818,973	65.5%
Net gain from sale of non-inventory assets	$-151,884	$-128,467	-18.2%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$2,368,978	$6,583,376	-64.0%
Total revenues	$852,835,909	$765,161,565	11.5%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$77,950	$73,242	6.4%
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$5,283,916	$4,912,562	7.6%
Compensation not included above, to disqualified persons	$59,332	$56,137	5.7%
Non-officer salaries and wages	$560,678,691	$498,264,184	12.5%
Pension/retirement accruals and contributions	$20,176,392	$17,004,936	18.7%
Other employee benefits	$58,727,751	$49,287,753	19.2%
Payroll taxes	$28,536,703	$26,214,040	8.9%
Management fees	$0	$0
Legal fees	$19,925	$22,322	-10.7%
Accounting fees	$0	$0
Lobbying fees	$3,404	$2,146	58.6%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$22,927,768	$24,731,204	-7.3%
Advertising and promotion	$707,231	$632,233	11.9%
Office expenses	$11,176,020	$9,845,413	13.5%
Information tech. expenses	$1,455,343	$1,180,599	23.3%
Royalty expenses	$0	$0
Occupancy	$44,444,675	$41,001,993	8.4%
Travel	$3,811,682	$3,343,302	14.0%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$633,512	$2,856,315	-77.8%
Interest	$1,611,348	$1,588,368	1.4%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$13,573,272	$12,793,843	6.1%
Insurance	$4,960,622	$4,735,992	4.7%
All other expenses	$150,080,525	$138,151,892	8.6%
Total expenses	$928,946,062	$836,698,476	11.0%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$819,981	$628,394	30.5%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$69,673,715	$56,969,347	22.3%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$5,852,313	$5,343,751	9.5%
Inventories for use	$559,696	$2,771,581	-79.8%
Prepaid expenses and deferred charges	$330,039	$303,596	8.7%
Buildings, equipment, etc. post-depreciation	$60,064,065	$42,379,296	41.7%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$11,921,560	$11,921,560
Other assets	$0	$8,514	-100%
Total assets	$149,221,369	$120,326,039	24.0%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$66,845,773	$53,262,172	25.5%
Grants payable	$0	$0
Deferred revenue	$1,575,377	$1,635,812	-3.7%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$807,619,737	$714,366,168	13.1%
Total liabilities	$876,040,887	$769,264,152	13.9%

Field	2017	2016	% Change
Unrestricted net assets	$-726,819,518	$-648,938,113	-12.0%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Novant Health Medical Group

Vendor	Services	Amount paid	Date
Laboratory Corporation Of America	Lab Services	$45,768	2020-01-17
██████ ████████ ███	Construction Services	$26,150	2020-01-17
██████ ███	Marketing Services	$27,032	2020-01-17
██████ ████████████	Construction Services	$55,649	2020-01-17
███ █ ██████████	Content management system software		2019-08-21
██████ ██████████ █████████	Revenue Cycle Services	$1,748,005	2017-12-01
█████████ ███ █████ ███	Construction Services	$2,601,214	2017-12-01
████████ ████████ ██ ███ █████	Construction Services	$4,317,598	2017-12-01
...and one more vendors

Personnel at Novant Health Medical Group

Name	Title	Compensation	Most recent data
Fred Hargett	Executive Vice President and Chief Financial Officer	-	Sept. 23, 2019
Janet Smith-Hill	Chief Human Resources Officer	-	Sept. 23, 2019
██████ ██ █████	Executive Vice President and Chief Medical Officer	-	Nov. 23, 2017
█████ ██ ███████████	Chief Legal Officer and General Counsel	-	Nov. 23, 2017
█████ ███████	Chief Consumer Officer	-	Sept. 23, 2019
██████ █████	Vice President of Operations for First Care Physicians and Director of Finance	-	Sept. 23, 2019
████ ██ ██████	Vice President of Finance and Operations	-	Sept. 23, 2019
██████ ██████	Executive Vice President	-	Sept. 23, 2019
████████ ████	Senior Vice President Neuroscience	$506,460	Sept. 23, 2019
█████ ██ ██████ ███	Executive Vice President	-	Sept. 23, 2019
...and nine more key personnel

Peer managed care organizations and group health practices

	Name	Type	Revenue	Location
1	St Luke's University Hospital Bethlehem Campus	501(c)(3)	$428 million	Bethlehem, PA
2	Guthrie Medical Group PC	501(c)(3)	$274 million	Sayre, PA
3	Northwestern Memorial HealthCare (NMHC)	501(c)(3)	$1.1 billion	Chicago, IL
4	Tufts Medical Center Group Return	501(c)(3)	$943 million	Boston, MA
5	Carle	501(c)(3)	$276 million	Urbana, IL
6	CHI Franciscan	501(c)(3)	$535 million	Tacoma, WA
7	Baylor Scott & White HealthTexas Provider Network	501(c)(3)	$885 million	Dallas, TX
8	Wake Forest University Health Sciences	501(c)(3)	$960 million	Winstonsalem, NC
9	American University of Beirut Medical Center (AUBMC)	501(c)(3)	$684 million	New York, NY
10	Boston Children's Hospital (BCH)	501(c)(3)	$299 million	Boston, MA
11	Baptist Health Medical Group	501(c)(3)	$380 million	Louisville, KY
12	Emory Group Return	501(c)(3)	$1.9 billion	Atlanta, GA
13	Florida Hospital Medical Group (FHMG)	501(c)(3)	$562 million	Maitland, FL
14	St. Elizabeth Physicians	501(c)(3)	$307 million	Crestview Hills, KY
15	Lahey Clinic	501(c)(3)	$304 million	Burlington, MA
16	Scott & White Clinic (SWHP)	501(c)(3)	$891 million	Temple, TX
17	UNMC Physicians	501(c)(3)	$332 million	Omaha, NE
18	The Cooper Health System - A New Jersey Non-Profit Corporation Group	501(c)(3)	$1.3 billion	Camden, NJ
19	Trihealth Physician Enterprise Corporation	501(c)(3)	$386 million	Cincinnati, OH
20	Hawai'i Pacific Health Group Return	501(c)(3)	$1.2 billion	Honolulu, HI
21	Northwell Healthcare	501(c)(3)	$932 million	Westbury, NY
22	Main Line Healthcare	501(c)(3)	$261 million	Newtown Square, PA
23	SSM Health Businesses	501(c)(3)	$240 million	St Louis, MO
24	Baystate Medical Practices	501(c)(3)	$307 million	Springfield, MA
25	Sutter Health	501(c)(3)	$1.7 billion	Sacramento, CA

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