EIN 26-3557623

Wellmont Cardiology Services

IRS 501(c) type
501(c)(3)
Num. employees
406
Year formed
2010
Most recent tax filings
2023-06-01
Description
Wellmont Cardiology Services delivers the best possible care to honor those they serve. Their mission aligns with Ballad Health's dedication to improving health in the Appalachian Highlands region. Established in 1978, Cardiovascular Associates provided comprehensive cardiovascular services to the Northeast Tennessee/Southwest Virginia region. In May 2010, WCS acquired substantially all of the assets of Cardiovascular Associates.
Related structure
Wellmont Cardiology Services is a subordinate organization under Mountain States Health Alliance (MSHA).
Total revenues
$74,431,003
2023
Total expenses
$75,426,297
2023
Total assets
$10,322,339
2023
Num. employees
406
2023

Program areas at Wellmont Cardiology Services

Cardiovascular Associates was established in 1978 to provide comprehensive cardiovascular services to the Northeast Tennessee/Southwest Virginia region. In May 2010, Wellmont Cardiology Services (WCS) acquired substantially all of the assets of Cardiovascular Associates to become the region's largest provider of comprehensive cardiovascular services.This physician group provides top-quality cardiovascular services to Northeast Tennessee, Southwest Virginia, Southeast Kentucky and Northwest North Carolina, as well as areas of West Virginia.WCS strives to improve the cardiovascular health of the region and deliver high-quality, cost-effective heart and vascular care with compassion.WCS consists of 55 certified cardiologists and cardiovascular and thoracic surgeons who work in thirteen community offices and the seven member hospitals of Wellmont Health System. WCS diagnoses, treats and manages all aspects of adult cardiovascular disease. Services provided include general cardiology, preventive cardiology, electrophysiology, interventional cardiology, vascular medicine, structural heart disease, heart failure management, cardiovascular and thoracic surgery and advanced cardiovascular imaging. WCS also serves as a leader in clinical research and teaching institution through the Cardiovascular University.For fiscal year 2023, WCS had 160,666 outpatient encounters and performed 4,370 surgical procedures.WCS is dedicated to improving the community's access to quality, affordable healthcare, educating the region's caregivers, improving the health status of its communities, and contributing to the quality of life in the areas it serves.CHARITY AND OTHER UNREIMBURSED COSTS:CHARITY CARE: While reimbursement for healthcare services rendered is critical to the operation and sustainability of the organization, Wellmont Cardiology Services recognizes its obligation to provide care to individuals who cannot afford essential medical services, including emergency care. WCS accepts all patients regardless of their ability to pay. A patient is classified as a charity patient when they meet the established policies of WCS and guidelines outlined by the federal government. However, financial assistance decisions are not solely based on income. Unique financial circumstances are weighed with verified patient assets which can determine financial assistance eligibility. It is not until after verification of income and assets that a decision regarding the amount of financial assistance can be made. In fiscal year 2023, WCS incurred a loss of $692,451 attributable to the provision of charity careTENNCAREMEDICAIDMEDICARECHAMPUS WCS provides care to persons covered by governmental programs, such as TennCare (Tennessee residents), Medicaid, Medicare and Champus. WCS incurred a loss of $10,908,321 providing care to this population of patients during the year.It is WCS's obligation to support causes that improve the quality of life in the region. WCS sponsored or participated in educational, community-based programs on healthy lifestyles, risk factor identification, diagnostic and treatment options, including continuing education programs for physicians, nurses and allied health professionals. Such initiatives included:-Annual Cardiovascular Summit-Presentations to medical societiesWCS received the highest 2019 Performance Achievement Award from the American College of Cardiology, the nation's largest and most authoritative quality improvement registry with 1.5 million patient records. WCS's platinum level award recognizes its quality performance score of 100% for NSTEMI (a type of heart attack) and STEMI (a very serious type of heart attack in which one of the heart's major arteries is blocked).

Who funds Wellmont Cardiology Services

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mayo Clinic Group ReturnSupport Charitable Programs$20,800

Personnel at Wellmont Cardiology Services

NameTitleCompensation
Chase WilsonVice President and Chief Operating Officer - Bhma$0
Mark ChangDirector and Chair and President / Director and Chair / Board Mem and Physician$666,510
Stanley GallVice President / Director and Vice - Chair / Director and Vic / Physician$635,438
Matthew LuffDirector and Secretary / Board Mem and Physician$631,834
Tony KeckBH Executive Vice President and Sys Innov and Cpmo$0
...and 4 more key personnel

Financials for Wellmont Cardiology Services

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,210
Program services$74,331,948
Investment income and dividends$5,106
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$4,386
Net gain from sale of non-inventory assets$1,290
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$86,063
Total revenues$74,431,003

Form 990s for Wellmont Cardiology Services

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-12990View PDF
2021-062022-05-09990View PDF
2020-062021-05-25990View PDF
2019-062020-10-16990View PDF
...and 9 more Form 990s
Data update history
July 2, 2024
Used new vendors
Identified 1 new vendor, including
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $20,800 from Mayo Clinic Group Return
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
ClinicsDisease-focused nonprofitsChapter / child organizations
Issues
HealthDiseases and disordersMedical disciplines
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
311 Princeton Rd Suite 1
Johnson City, TN 37601
Metro area
Johnson City, TN
County
Washington County, TN
Website URL
balladhealth.org/ 
Phone
(423) 302-3467
IRS details
EIN
26-3557623
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
G43: Heart and Circulatory System Diseases, Disorders
NAICS code, primary
621: Outpatient Health Care Practitioners and Facilities
Parent/child status
Subordinate organization
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