2024-08-12T16:08:54-07:00 2023-09-30 990 2022-10-01 043159969 MILFORD REGIONAL PHYSICIAN GROUP INC MILF 5084731480 9 Industrial Rd Suite 5 Milford MA 01757 Elizabeth Cadle VP Finance, CFO 5084731480 2024-08-12 1 2022 2024-08-08 14:25:15Z Elizabeth Cadle 9 Industrial Road Suite 5 Milford MA 01757 115595967 0 X www.milfordregionalphyscians.org X 1992 MA Milford Regional Physicians Group is a large multi-specialty physician group practice with emphasis on primary care. Our mission is to provide healthcare services to all individuals in our community with dignity, compassion, and respect. The vision of Milford Regional Physician Group is to consistently meet the changing healthcare needs and expectations of the communities we serve. 16 11 757 0 0 13636 552377 0 104851021 115595723 -7259 244 0 0 105396139 115595967 0 0 0 0 80732826 91248698 0 0 0 32872457 33301219 113605283 124549917 -8209144 -8953950 54147726 52796572 50556836 49903096 3590890 2893476 Our primary mission at Milford Regional Healthcare System, which includes Milford Regional Medical Center and Milford Regional Physician Group, is to provide exceptional healthcare services to all individuals in our community with dignity, compassion and respect. 0 0 42152168 0 42416781 Milford Regional Physician Group has 18 primary care offices servicing the 20 communities of Central Massachusetts. Guided by its mission "to provide quality healthcare services to our community with dignity, compassion and respect", MRPG strives to be responsive to diverse constituencies, individuals and families of all ages, employees and employers of large and small business, physicians and other healthcare providers. As a charitable organization, we acknowledge our special concern for the need of unserved and the underserved, especially the poor and minority populations. Our 50 primary care providers concentrate in the three following disciplines: Internal Medicine, Family Medicine, and Pediatrics. Patients of MRPG visited our primary care offices approximately 166,607 times in 2023. These primary care providers work in collaboration with specialists and the hospitals in our service area using a team approach to provide the best health care possible for the members of our community. The availability of quality primary care is a priority to our organization, support the mission of Milford Regional Physician Group, Inc., and strengthens its ability to reach important strategic goals related to primary care. 53979873 0 47190336 Milford Regional Physician Group has 22 specialist groups servicing 20 communities of Central Massachusetts. The group of 44 specialists including pulmonary and critical care, rheumatology, urology, obstetrics and gynecology, endocrinology, sleep medicine, ear nose & throat, and more. Our Lung Allergy & Sleep Pulmonary & Critical Care specialist have expertise in a range of respiratory conditions including but not limited to: lung cancer diagnosis and treatment: chronic obstructive lung disease including asthma; pulmonary vascular disease including pulmonary hypertension; respiratory failure; and lung infections. Our Rheumatologist specializes in the diagnoses and treatment of diseases that affect the endocrine system. In addition, we work closely with the diabetes program at Milford Regional Medical Center to provide a range of services to help optimize diabetes management. Our Sleep Center conducts polysomnograms to diagnose various sleep disorders, the most common of which is obstructive sleep apnea. Our Ear, Nose and Throat specialists are trained in the medical and surgical treatment of the ears, nose and throat and related structures of the head and neck. As Medical Director for the Breast Center our Surgical Breast specialist develops a multi-disciplinary team approach to all issues related to breast health and diseases. Our Cardiologists specialize in the diagnosis and treatment of cardiac disorders such as arrhythmia, hypertension, congestive heart failure, coronary artery disease and heart attack. Our Orthopedists evaluate and treat conditions of the musculoskeletal system, extremities, joints, muscles, tendons, and ligaments. 13920006 0 13291736 Milford Regional Physician Group has an active hospitalist program that serves the Inpatients of Milford Regional Medical Center. Our 25 hospitalists work in collaboration with our primary care physicians to provide well coordinated care to our patients while they are hospitalized. The hospitalists can also make on-the-spot decisions about patient care, follow up on test results and modify treatment plans immediately, if necessary. They provide continuity of care, answer questions and provide emotional support to patients and their families. 11558659 0 12696870 Milford Regional Physician Group has 4 Urgent Care Centers that offers convenient walk-in service to treat patients for non-emergent illnesses and injuries. Care is provided by 6 physicians and 12 advance practitioners. Laboratory and x-ray services are available on site. The Urgent Care Centers treated patients approximately 60,387 times in 2023. 11558659 0 12696870 121610706 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 X 76 0 1 757 1 1 0 0 0 0 0 0 0 0 X 16 11 1 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Patrick McSweeney MD 5084731480 9 Industrial Rd Suite 5 Milford MA 01757 Patrick McSweeney President 50 0 X 635986 0 63549 Eddie Michli Physician 50.00 0 X 621880 0 41355 Christopher Baranano Physician 50.00 0 X 619592 0 39178 Michael McCormick Physician 50 0 X 582562 6139 50672 Jane Curl Physican 50 0 X 556916 17139 49695 Susan Finnegan Barrett Physician 50 0 X 550546 61847 552 Diana Caragacianu Trustee 50 0 X 432892 0 38647 Richard Daly Trustee 50 0 X 374130 0 48708 Mary O'Neill Trustee 1 0 X 0 930 0 Sandra Clark Trustee 1 0 X 0 0 0 Anthony Consigli Chair 1 0 X 0 0 0 Jamie Doucette Trustee 1 0 X 0 0 0 Jeffrey Nutting Trustee 1 1 X 0 0 0 Denise Brookhouse Clerk 1 0 X 0 0 0 Shefali Desai Trustee 1 0 X 0 0 0 Gordon Lewis Treasurer 1 0 X 0 0 0 Linda Mancini Trustee 1 0 X 0 0 0 William Muller Trustee 1 0 X 0 0 0 Beverly Smymer Trustee 1 0 X 0 0 0 Brian Earley Vice Chair 1 0.00 X 0 0 0 Christopher Foley Trustee 1 0 X 0 0 0 John Fernandes Trustee 1 0 X 0 0 0 4374504 86055 332356 205 0 1 0 Inventurus Knowledge Systems 5 Penn Plaza 23rd Floor New York NY 10001 Scribe, Coding, Prescription and Document Management 2002153 Brigham and Women's Physician Organ 75 Francis St Boston MA 02445 Physician Services 309919 Locumtenens PO Box 405547 Atlanta GA 30384 Physician Services 257393 UMass Memorial Medical Center 306 Belmont Street Worcester MA 01604 Physician Services 216320 Quest Healthcare Solutions DBA Bevlin Building Better Networks PO Box 823473 Philadelphia PA 19182 Physician Services 193887 8 0 0 0 0 0 0 0 0 Primary Physician Care 622000 42416781 42416781 0 0 Specialty Physician Care 622000 47190336 47190336 0 0 Inpatient Physician Care 622000 13291736 13291736 0 0 Urgent Care 622000 12696870 12696870 0 0 0 0 0 0 115595723 4244 4244 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -4000 0 0 0 -4000 -4000 -4000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 115595967 115595967 0 0 0 0 0 0 0 0 0 0 1584027 905457 678570 0 0 0 0 0 76153014 74819333 1333681 0 2008802 1966959 41843 0 6898692 6796768 101924 0 4604163 4511992 92171 0 3928756 3872105 56651 0 108248 0 108248 0 20160 0 20160 0 0 0 0 0 0 0 0 0 0 0 4420532 4440532 -20000 0 26262 26262 0 0 16139860 15963679 176181 0 359595 351296 8299 0 0 0 0 0 5740817 5740817 0 0 27521 23262 4259 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1135461 1123313 12148 0 1272690 1016828 255862 0 All other expenses 121317 52103 69214 0 124549917 121610706 2939211 0 -129455 -173284 0 0 0 0 10291792 11231717 0 0 0 0 0 0 98921 93839 2696784 1549963 16297365 13078296 3879685 3219069 0 0 0 0 0 0 0 0 37309999 36875268 54147726 52796572 49903230 49593895 0 0 0 0 0 0 0 0 0 0 0 0 0 0 653606 309201 50556836 49903096 X 3590890 2893476 0 0 3590890 2893476 54147726 52796572 X -8953950 0 0 0 0 8256536 X 0 1 X 1 1 1 X X 1 Milford Regional Medical Center 042103602 3 1 8256416 0 1 8256416 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 3184495 2201544 982951 0 13112870 10876752 2236118 0 0 0 0 3219069 Transamerica SERP 84600 457B Employer Physicians 6167413 457B Employee Physicians 1071766 Right of Use Assets 29551489 36875268 0 Estimated Third Party Payor Settlements 309201 309201 X Schedule D, Part X, Line 2 The Medical Center, The Physician Group, The Foundation, and MRHC Management Services, Inc. have been determined to be tax-exempt corporations as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and are exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. In accordance with generally accepted accounting principles, the Organization annually evaluations its tax status and tax positions taken with respect to its operations and financial position. No provision for income taxes has been made in the accompanying financial statement. X X X X 0 1 0 1 0 0 0 1 0 Christopher Baranano Physician 619592 0 0 0 0 0 0 0 39178 0 658770 0 0 0 Eddie Michli Physician 621880 0 0 0 0 0 1058 0 40297 0 663235 0 0 0 Patrick McSweeney President 500459 0 81415 0 54112 0 37579 0 25970 0 699535 0 25591 0 Michael McCormick Physician 582562 0 0 0 0 6139 9150 0 41522 0 633234 6139 0 0 Jane Curl Physican 556916 0 0 0 0 17139 8912 238 40545 0 606373 17377 0 Susan Finnegan Barrett Physician 550546 0 0 0 0 61847 0 0 552 0 551098 61847 0 0 Schedule J, Part I, Line 4 Patrick McSweeney participates in a SERP with contributions totaling $38,812.80 this year. Eddie Michli, Christopher Baranano, Michael McCormick, Jane Curl, Diana Caragacianu, and Richard Daly all participate in a 457B and each had contributions totaling $15,000 this year. Schedule J, Part I, Line 5 Compensation for some physicians is based on a productivity model where the physicians are paid a fixed dollar amount for each Work Relative Value Unit (RVU). Work RVUs are determined by CMS (Medicare) to measure work performed by physicians. Schedule J, Part I, Line 7 Primary Care physicians who are on the RVU-based productivity model are eligible to receive compensation based on the amount of patients in their panels. In addition, they are also eligible to receive compensation based on the number of new patients they see throughout the year. Physicians in our Hospitalist program are eligible to receive additional compensation if they treat more than 16 patients per day. Laura Mann Former Trustee 233500 Rent - Milford Limited Partnership 0 Laura Mann Former Trusteee 114282 Rent - Quarry Office Suites 0 Kevin Meehan Former Trustee 195350 Rent - Home National Office Park 0 Kevin Meehan Former Trustee 204686 Rent - Regal Realty 0 Kevin Meehan Former Trustee 410511 Rent - Jason, LLC 0 Form 990, Part V, Line 3b Extension granted. Form 990T will be filed by 8/15/2024. Form 990, Part VI, Section A, Line 2 Milford Regional is a community physician group and as such, draws its board members from the leaders of the communities it serves. Many of these people have business relationship that are not known by Milford Regional. Form 990, Part VI, Section A, Line 7a Milford Regional Medical Center has the ability to appoint members of the governing body. Form 990, Part VI, Section A, Line 7b Milford Regional Medical Center has the authority to make decisions. Form 990, Part VI, Section B, Line 11b The Form 990 was provided to the Board of Trustees prior to filing via link to the document. Form 990, Part VI, Section B, Line 12c The organization has a written Code of Business Conduct which states its conflict of interest policy. The by-laws of the organization also include a Conflict of Interest section. Conflict of Interest disclosure statements are mailed annually to the Board of Trustees, senior management and any person who is a member of the Board Committee. The completed form is submitted to the President and CEO, who summarizes the results and provides them to the Board of Trustees for their review and discussion. A subcommittee of the Board has been create to review any potential conflict of interest matters as they arise. The organization also has a Chief Compliance Officer. She reviews transactions, contracts, and other matters of the corporation including potential matters that would produce conflict. The Compliance Officer is the final decision maker on moving forward with these transactions. Form 990, Part VI, Section B, Line 15 The Compensation Committee approves all compensation plans and guidelines, as well as all compensation for the organization's key employees in accordance with such plans and guidelines. The committee may consult with a nationally recognized consultant to assist in determining that the organization's compensation structure and ranges are reasonable. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, such as its by-laws, which include the organization's conflict of interest policy, available to the public through the annual filing of the Massachusetts Division of Public Charities Form PC. The Form PC is available for viewing on the Massachusetts Attorney General's website and is also attached to the annual filing of the Massachusetts Form ABC, which is submitted to town offices where the organization owns or leases property. The organization's financials statements are included in the Form PC. These documents are also made available upon request. Form 990, Part XI, Line 9 Transfer from Milford Regional Medical Center. Milford Regional Medical Center 14 Prospect Street Milford MA 01757 042103602 Hospital MA 501(c)(3) Hospital N/A 1 MRHC Management Services Inc 14 Prospect Street Milford MA 01757 311631252 Provides office space, support to satellite MA 501(C)(3) 11A N/A 0 Milford Regional Healthcare Foundation Inc 14 Prospect Street Milford MA 01757 200773697 Fundraising MA 501(C)(3) 11A N/A 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 Milford Regional Medical Center j 209603 Milford Regional Medical Center k 47458 Milford Regional Medical Center o 396618 Milford Regional Medical Center n 0 Milford Regional Medical Center p 11554203 Milford Regional Medical Center q 12957 Milford Regional Medical Center s 8800000 Extension Granted