2026-07-15T21:13:17-05:00 2025-08-31 346565596 Ernst & Young US LLP 155 N Wacker Drive Chicago IL 60606 990 2024-09-01 205497203 Baptist Health Medical Group Inc BAPT 5028965000 1901 Campus Place Louisville KY 402992038 Richard F Carrico VP and Treasurer 5028965000 2026-07-15 1 1 Katherine E Kurtzman P01236691 3128792183 2024 2025-03-06 01:10:19Z Isaac J Myers MD 1901 Campus Place Louisville KY 40299 917896426 0 X WWW.BAPTISTHEALTH.COM X 2006 KY To provide healthcare services and facilities that benefit the communities we serve. 5 5 7056 10 0 0 205009292 234140019 624190807 662327474 54160 -45873 21589999 21327581 850844258 917749201 13571 14225 0 0 865331857 909886243 0 0 0 159343515 178326797 1024688943 1088227265 -173844685 -170478064 207219630 208406314 250211172 367359834 -42991542 -158953520 X See Schedule O. 0 0 1004438011 14225 683655055 Baptist Health Medical Group, Inc. ("BHMG") provides physician services and healthcare facilities, including primary care centers, rural healthcare centers, and urgent care centers to support the mission of Baptist Healthcare System, Inc. ("BHS") and its hospitals. BHMG is a comprehensive network of primary and specialty physician practices in Kentucky and Indiana that includes over 800 physicians and more than 850 advanced practice clinicians. Providers represent more than 80 specialties, including primary care and family medicine, internal medicine, osteopathic medicine, emergency medicine, general surgery and a wide range of surgical specialties offering advanced treatments and care. During fiscal year 2025, BHMG had over 4.9 million patient visits at more than 450 locations. BHMG also operates urgent care centers, rural health clinics and occupational medicine facilities. The primary care and specialty care physician services support the hospitals operated by Baptist Healthcare System, Inc. by staffing emergency departments and providing hospitalist, intensivist, laborist, and surgical care services for patients. BHMG's primary and specialty care physicians, urgent care centers, occupational medicine facilities and rural health centers offer convenient quality care services to patients and provide cost effective and compassionate patient care in communities served by BHS. BHMG physicians play key leadership roles in determining the direction and development of patient services, they spearhead innovation by leading clinical research and they help to bring advanced treatments and technology to our facilities. The Medical Group has been a driving force in helping Baptist Healthcare System rank among the top 25% nationally for patient safety, health outcomes and patient experience, while maintaining costs among the lowest third in the nation. In primary care quality outcomes, performance is in the top decile nationally, supported by strong screening and prevention efforts that help patients stay healthy. BHMG also ranks in the 85th percentile for patient experience, showing that quality care and compassion go hand in hand. Through teamwork, expertise and ongoing improvement, Baptist Health Medical Group continues to raise the standard for quality care and better health in our communities.In order to meet the health and wellness needs of communities we serve throughout Kentucky, Indiana and Illinois, Baptist Healthcare System, Inc. (BHS) provides grants to Baptist Health Medical Group, Inc. (BHMG). BHS is a nonprofit Section 501(c)(3) related entity and the sole member of BHMG. These grants allow BHMG to continue to provide support and care for Medicaid and charity care patients through primary care centers, rural health centers, urgent care centers and specialty health centers that meet a demonstrated community need. BHS makes these grants on the condition that BHMG use the grant funds only for the following activities:1. To provide care for patients participating in Medicaid and other government health programs, including but not limited to the Kentucky Children's Health Insurance (KCHIP) program.2. To provide care, for free or at discounted rates, to low-income patients who cannot afford the cost of care.3. To fund the operations of rural health clinics, primary care centers and urgent care centers that provide care for the patients described above.4. To engage in community activities and programs in response to demonstrated community needs to improve community health, including but not limited to health screenings; wellness care; vaccinations and community health education. Baptist Healthcare System, Inc. reports the grants related to the above activities on its respective IRS Form 990, Schedule H, Part I, Line 7. 1004438011 1 1 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 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 0 0 7056 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 KY X Richard F Carrico 5028965000 1901 Campus Place Louisville KY 40299 X Frank R Purdy III Chair & Director 1.00 0.00 X X 0 0 0 Joanne Berryman Director 1.00 0.00 X 0 0 0 Patrick Daniel O'Haire MD Director 1.00 0.00 X 0 0 0 Rob Schreiner MD Director (Through 12/31/24) 1.00 0.00 X 0 0 0 Staci Dawn Farner Rogers MD Director 1.00 0.00 X 0 0 0 Victoria D Buster Director 1.00 0.00 X 0 0 0 Douglas Reed Vice President 40.00 0.00 X 0 451066 51905 Isaac J Myers MD President 20.00 20.00 X 0 1320485 41940 Janet M Norton Vice President & Secretary 1.00 40.00 X 0 1211941 40610 Richard F Carrico VP & Treasurer 1.00 40.00 X 0 1615014 51104 Bapineedu Gondi MD Physician 40.00 0.00 X 1508578 0 35640 Jeffrey Been MD Physician 40.00 0.00 X 1760699 0 47021 John Blankenship MD Physician 40.00 0.00 X 1555754 0 47816 John Serak MD Physician 40.00 0.00 X 1546475 0 47523 Vikas Singh MD Physician 40.00 0.00 X 1664074 0 25195 8035580 4598506 388754 1539 0 1 0 0 233990019 150000 234140019 Ins & Patient Payments 621111 413231729 413231729 Medicare/Medicaid Pmts 621111 183458520 183458520 Other Patient Related Services 621999 63377987 63377987 Care Coordination Fees 621999 2244299 2244299 MOB Rent 531120 14939 14939 662327474 101352 101352 147225 -147225 -147225 -147225 Physician Services 900099 18939436 18939436 Other Revenue 541900 2388145 2388145 21327581 917749201 683655055 0 -45873 14225 14225 776631563 733935767 42695796 19340975 18442727 898248 78959913 72464731 6495182 34953792 30726992 4226800 121574 121574 976389 379762 596627 53008 17708 35300 14966633 10543801 4422832 1952664 1587155 365509 43182784 41257645 1925139 3002825 2304615 698210 14021475 12212391 1809084 13476923 13476923 Medical Supplies 44762625 44762625 Administrative 20882453 5056603 15825850 Purchased Svcs Non-Med 11284172 8513301 2770871 Purchased Svcs Medical 5557738 5557738 4085534 3183302 902232 1088227265 1004438011 83789254 0 18968 4316 59978467 47445412 2165944 1793870 99255160 44943951 41731233 54311209 14225850 11784977 89099168 93066530 207219630 208406314 86245007 95709969 90220362 87935534 73745803 183714331 250211172 367359834 X -42991542 -158953520 -42991542 -158953520 207219630 208406314 X -170478064 54516086 X 0 1 X 1 0 X Part I: Reason for Public Charity Status: Baptist Health Medical Group does not have a hospital license or operate hospital facilities for purposes of Schedule H reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7579670 2854554 4725116 45206833 17764239 27442594 37941501 24290313 13651188 8527156 34845 8492311 54311209 Other Current Assets 6799933 ROU Assets - Operating Leases 83884738 Third Party Settlements 2381859 93066530 Due to Affiliates 183714331 183714331 X Part X, Line 2: Baptist Healthcare System, Inc. evaluates its uncertain tax positions on an annual basis in their audited consolidated financial statements that include this reporting entity. A tax benefit from an uncertain position may be recognized when it is more likely than not that the position will be sustained upon examination, including the resolution of any related appeals or litigation processes, based on the technical merit of the position. Baptist has determined that it has no uncertain tax positions that are required to be recorded as of August 31, 2025. Tax years that are open include the years from 2021 to 2023. 0 1 0 0 0 0 0 0 0 Jeffrey Been MD Physician 861490 0 897257 0 1952 0 13800 0 33221 0 1807720 0 0 0 Vikas Singh MD Physician 1018033 0 644431 0 1610 0 13800 0 11395 0 1689269 0 0 0 Richard F Carrico VP & Treasurer 0 849088 0 487888 0 278038 0 13800 0 37304 0 1666118 0 0 John Blankenship MD Physician 859906 0 694553 0 1295 0 13800 0 34016 0 1603570 0 0 0 John Serak MD Physician 1038689 0 480345 0 27441 0 13800 0 33723 0 1593998 0 0 0 Bapineedu Gondi MD Physician 822104 0 674889 0 11585 0 13800 0 21840 0 1544218 0 0 0 Isaac J Myers MD President 0 721949 0 463321 0 135215 0 13800 0 28140 0 1362425 0 0 Janet M Norton Vice President & Secretary 0 663360 0 425349 0 123232 0 13800 0 26810 0 1252551 0 0 Douglas Reed Vice President 0 340323 0 108898 0 1845 0 13800 0 38105 0 502971 0 0 Part I, Line 3 Baptist Healthcare System, Inc., a related organization of Baptist Health Medical Group, Inc., uses the following to establish the compensation of the organization's CEO: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Written employment contract - Compensation survey or study - Approval by the Board or Compensation Committee. Part I, Line 4b Three officers and executives of Baptist Healthcare System, Inc., (BHS), who participated in the Supplemental Executive Retirement Plan accrued amounts for 2024 which is a portion of the amount reported as deferred compensation in Schedule J, Column C. Other retirement and deferred compensation reported in Schedule J, Column C include amounts for the Retirement Accumulation Plan and Thrift Plan. The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan, as they are fully vested in the plan: Richard F. Carrico $254,540 Isaac J. Myers, MD $111,717 Janet Norton $99,734 Form 990, Part III, Line 1 Description of Organization Mission: Baptist Health Medical Group, Inc., (BHMG), is organized and operated to provide physician services and healthcare facilities, including but not limited to primary care centers, rural healthcare centers and urgent care centers. It also serves as an instrument to assist, advance and strengthen Baptist Health Hospitals, including Baptist Health Louisville, Baptist Health La Grange, Baptist Health Richmond, Baptist Health Corbin, Baptist Health Paducah, Baptist Health Lexington, Baptist Health Hardin and Baptist Health Floyd in their mission and ministry of healing by providing physician and other healthcare services. BHMG promotes the general health of our communities in all manners that support and carry out the charitable purpose, activities and operations of Baptist Healthcare System, Inc. in service to the communities served. Part V, Line 1 Form 1096 is filed by Baptist Healthcare System, Inc., FEIN 61-0444707. Part V, Line 2B All employment tax returns are filed by Baptist Healthcare System, Inc., FEIN 61-0444707. Form 990, Part VI, Section A, line 2 The following individuals have a business relationship in that they serve on the Board of Directors or are officers of the organization and are directors and/or officers of a related organization: Janet Norton and Richard Carrico. Form 990, Part VI, Section A, line 4 Baptist Health Medical Group, Inc. amended and restated the Articles of Incorporation on 12/02/2024. The amendments provided for administrative updates to the Articles and did not change the management or operational foundations of the organization. Form 990, Part VI, Section A, line 6 Baptist Healthcare System, Inc. (EIN:61-0444707) is the sole member of the corporation. Form 990, Part VI, Section A, line 7a The sole member appoints all directors. Form 990, Part VI, Section A, line 7b The consent and approval of the sole member shall be required for all major corporate actions, and any act the result of which would be to: (a) amend, repeal or alter the Articles of Incorporation or Bylaws; (b) merge or consolidate or agree to merge or consolidate the corporation with or into any other organization; (c) liquidate, reorganize or recapitalize the corporation; (d) adopt the corporation's annual operating budget & capital expenditures budget; (e) create or incur any unbudgeted indebtedness which exceeds $100,000; (f) make any unbudgeted capital expenditure which exceeds $100,000; (g) other than acquiring marketable securities held for investment purposes, acquire the stock of any corporation or invest in or acquire an interest in any business enterprise; (h) sell or agree to sell or otherwise dispose of all or a substantial part of the assets of the corporation or any investment or interest in any business enterprise, other than marketable securities disposed of in the ordinary course of the corporation's activities. Form 990, Part VI, Section B, line 11b The internally prepared Form 990 is reviewed and approved by an outside accounting firm. A copy of the Form 990 is provided to the Board of Directors prior to the filing of the return. Any questions or comments are addressed by explanation or a change to the form. Form 990, Part VI, Section B, line 12c Annually, the Secretary of Baptist Healthcare System, Inc. (BHS) sends out a Conflict of Interest questionnaire to each of the officers and directors serving on the Board of BHMG. After completion, they are returned to the Secretary and reviewed by the Board or the Governance Effectiveness Committee for any potential conflicts. A conflict of interest is any circumstance, relationship (financial or otherwise), activity or decision (made in the course of governance, management or professional responsibilities or otherwise) that adversely influences or appears to adversely influence the ability of a Covered Person to: 1) make objective decisions on behalf of BHMG and/or 2) act in the best interests of BHMG in a manner consistent with the tax-exempt purposes of BHMG. The Board or Committee will determine by a majority vote of disinterested directors whether the disclosed financial or special interest may result in a conflict of interest. Form 990, Part VI, Section B, line 15 The President of Baptist Health Medical Group, Inc. is not an employee of Baptist Health Medical Group, Inc. but is an employee of Baptist Healthcare System, Inc., a tax-exempt 501(c)(3) organization which is the sole member of Baptist Health Medical Group, Inc. The President is compensated by Baptist Healthcare System, Inc. Annually, the Baptist Healthcare System, Inc. Compensation Committee reviews the compensation, including base compensation and incentive compensation for the President. The Baptist Healthcare System, Inc. Compensation Committee is comprised of independent Board Members. The Committee retains a Compensation Consultant to advise the Committee and who provides data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated healthcare organizations. The Committee reviews this information in approving annual base and incentive compensation and other items of reportable compensation described on Schedule J of the IRS Form 990. The decisions of the Committee regarding compensation are contemporaneously documented in the minutes of the Committee. Annually, the Committee Chairperson and the Compensation Consultant provide a report on executive compensation to the full Board of Directors of Baptist Healthcare System, Inc. Officers of Baptist Health Medical Group, Inc. are not employees of Baptist Health Medical Group, Inc. nor are they compensated by Baptist Health Medical Group, Inc. The Baptist Health Medical Group, Inc. officers are employees of Baptist Healthcare System, Inc. and are compensated by Baptist Healthcare System, Inc. The compensation of these officers is either reviewed and approved by the Compensation Committee of the Baptist Healthcare System, Inc. Board or are reviewed and approved by the Baptist Healthcare System, Inc. President and CEO. The organization makes every effort to ensure that the compensation of all employees is reasonable and appropriate for the value of the services received by the organization. Form 990, Part VI, Section C, line 19 The organization will provide any requested documents open to public inspection upon request. Form 990, Part VII Officers for Baptist Health Medical Group, Inc. provide services to Baptist Healthcare System, Inc. and its subsidiaries. Hours worked are not tracked on an entity by entity basis. Therefore, all officers and directors hours reported on Form 990, Part VII, Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors represent aggregate hours worked per week for all entities. Form 990, Part XI, line 9: Physician Entity Funding 51,068,230. IS Depreciation 3,389,353. Unrestricted Capital 58,500. Other 3. Baptist Health Foundation Corbin Inc 1901 Campus Place Louisville KY 40299 473033550 Fundraising KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Health Foundation Floyd Inc 1901 Campus Place Louisville KY 40299 922389529 Fundraising IN 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Health Foundation Greater Louisville Inc 1901 Campus Place Louisville KY 40299 200292291 Fundraising KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Health Foundation Lexington Inc 1901 Campus Place Louisville KY 40299 611480774 Fundraising KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Health Foundation Oldham Inc 1901 Campus Place Louisville KY 40299 332666565 Fundraising KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Health Foundation Paducah Inc 1901 Campus Place Louisville KY 40299 264057759 Fundraising KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Health Foundation Richmond Inc 1901 Campus Place Louisville KY 40299 311506378 Fundraising KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Healthcare Foundation Inc 1901 Campus Place Louisville KY 40299 311122867 Fundraising KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 Hospital KY 501(c)(3) Schedule A, Line 3 N/A 0 Mercy Regional Emergency Medical System LLC 3551 Coleman Road Paducah KY 42001 611310466 Ambulance Services KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Pattie A Clay Hospital Auxiliary P O Box 1600 Richmond KY 40476 510172717 Support Hospital KY 501(c)(3) Schedule A, Line 12a Baptist Healthcare System Inc 1 Baptist EastMilestone LLC 750 Cypress Station Dr Louisville KY 40207 611355065 Fitness Center KY N/A N/A 0 0 Baptist-Physicians' Surgery Center LLC 1720 Nicholasville Rd 101 Lexington KY 405031490 043665929 Ambulatory Surgery Center KY N/A N/A 0 0 Medical Associates of Middletown LLC 4000 Kresge Way Louisville KY 40207 200399400 Medical Office Building KY N/A N/A 0 0 Baptist Health Cumberland Valley Surgical Center LLC 275 Hwy 770 Corbin KY 40701 611348280 Ambulatory Surgery Center KY N/A N/A 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 Baptist Healthcare System Inc K 21192432 Cost Baptist Healthcare System Inc P 26519338 Cost Baptist Healthcare System Inc Q 79988583 Cost Baptist Healthcare System Inc C 233990019 Cost