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 2019 they had $928 million in revenue and $166 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:

$928,163,682

Assets:

$166,711,549

Employees:

7,100

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 3,577,008 patient encounters during 2018. 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	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$1,414,739	$290,747	386.6%
Government grants (contributions)	$607,483	$2,126,030	-71.4%
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$2,022,222	$2,416,777	-16.3%

Field	2018	2017	% Change
Total grants, contributions, etc.	$2,022,222	$2,416,777	-16.3%
Program services	$921,236,391	$846,847,037	8.8%
Investment income and dividends	$0	$0
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$290,018	$1,355,001	-78.6%
Net gain from sale of non-inventory assets	$-47,107	$-151,884	69.0%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$4,662,158	$2,368,978	96.8%
Total revenues	$928,163,682	$852,835,909	8.8%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$66,234	$77,950	-15.0%
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.	$2,974,314	$5,283,916	-43.7%
Compensation not included above, to disqualified persons	$1,398,969	$59,332	2257.9%
Non-officer salaries and wages	$643,911,150	$560,678,691	14.8%
Pension/retirement accruals and contributions	$22,859,674	$20,176,392	13.3%
Other employee benefits	$67,785,540	$58,727,751	15.4%
Payroll taxes	$32,706,471	$28,536,703	14.6%
Management fees	$0	$0
Legal fees	$7,710	$19,925	-61.3%
Accounting fees	$0	$0
Lobbying fees	$5,613	$3,404	64.9%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$26,463,710	$22,927,768	15.4%
Advertising and promotion	$831,170	$707,231	17.5%
Office expenses	$13,148,202	$11,176,020	17.6%
Information tech. expenses	$1,759,109	$1,455,343	20.9%
Royalty expenses	$0	$0
Occupancy	$49,898,545	$44,444,675	12.3%
Travel	$3,988,989	$3,811,682	4.7%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$432,115	$633,512	-31.8%
Interest	$1,875,822	$1,611,348	16.4%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$14,020,886	$13,573,272	3.3%
Insurance	$5,348,715	$4,960,622	7.8%
All other expenses	$145,189,770	$150,080,525	-3.3%
Total expenses	$1,034,672,708	$928,946,062	11.4%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$295,069	$819,981	-64.0%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$78,694,462	$69,673,715	12.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$6,853,078	$5,852,313	17.1%
Inventories for use	$471,705	$559,696	-15.7%
Prepaid expenses and deferred charges	$300,208	$330,039	-9.0%
Buildings, equipment, etc. post-depreciation	$67,169,203	$60,064,065	11.8%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$1,006,264	$0	999%
Intangible assets	$11,921,560	$11,921,560
Other assets	$0	$0
Total assets	$166,711,549	$149,221,369	11.7%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$82,428,985	$66,845,773	23.3%
Grants payable	$0	$0
Deferred revenue	$2,012,803	$1,575,377	27.8%
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	$916,431,409	$807,619,737	13.5%
Total liabilities	$1,000,873,197	$876,040,887	14.2%

Field	2018	2017	% Change
Unrestricted net assets	$-834,161,648	$-726,819,518	-14.8%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Novant Health Medical Group

Vendor	Services	Amount paid	Date
DNN / DotNetNuke	Content management system software		2020-08-26
██████████ ███████████ ██ ███████	Lab Services	$45,768	2020-01-17
██████ ████████████	Construction Services	$55,649	2020-01-17
██████ ████████ ███	Construction Services	$26,150	2020-01-17
██████ ███	Marketing Services	$27,032	2020-01-17
█████ ████████████ ███	Construction Services	$1,998,335	2018-12-01

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	Tufts Medical Center Group Return	501(c)(3)	$943 million	Boston, MA
4	CHI Franciscan	501(c)(3)	$535 million	Tacoma, WA
5	Carle	501(c)(3)	$297 million	Urbana, IL
6	Northwestern Memorial HealthCare (NMHC)	501(c)(3)	$1.1 billion	Chicago, IL
7	Baylor Scott & White HealthTexas Provider Network	501(c)(3)	$885 million	Dallas, TX
8	American University of Beirut Medical Center (AUBMC)	501(c)(3)	$684 million	New York, NY
9	Wake Forest University Health Sciences	501(c)(3)	$960 million	Winstonsalem, NC
10	Baptist Health Medical Group	501(c)(3)	$380 million	Louisville, KY
11	Boston Children's Hospital (BCH)	501(c)(3)	$299 million	Boston, MA
12	Emory Group Return	501(c)(3)	$1.9 billion	Atlanta, GA
13	St. Elizabeth Physicians	501(c)(3)	$307 million	Crestview Hills, KY
14	Florida Hospital Medical Group (FHMG)	501(c)(3)	$562 million	Maitland, FL
15	UNMC Physicians	501(c)(3)	$332 million	Omaha, NE
16	Trihealth Physician Enterprise Corporation	501(c)(3)	$386 million	Cincinnati, OH
17	Lahey Clinic	501(c)(3)	$304 million	Burlington, MA
18	Scott & White Clinic (SWHP)	501(c)(3)	$891 million	Temple, TX
19	SSM Health Businesses	501(c)(3)	$240 million	St Louis, MO
20	Main Line Healthcare	501(c)(3)	$261 million	Newtown Square, PA
21	Baystate Medical Practices	501(c)(3)	$307 million	Springfield, MA
22	Saint Lukes Physician Group	501(c)(3)	$412 million	Kansas City, MO
23	Sutter Health	501(c)(3)	$1.7 billion	Sacramento, CA
24	Reliant Medical Group	501(c)(3)	$657 million	Worcester, MA
25	Hawai'i Pacific Health Group Return	501(c)(3)	$1.2 billion	Honolulu, HI

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Cause IQ organization profile

Novant Health Medical Group

Program areas at Novant Health Medical Group

Form 990s for Novant Health Medical Group

Financials for Novant Health Medical Group

Vendors for Novant Health Medical Group

Personnel at Novant Health Medical Group

Peer managed care organizations and group health practices

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