Wellmont Cardiology Services
Wellmont Cardiology Services
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About this organization
Mission
Mission: Honor those we serve by delivering the best possible care. Vision: To build a legacy of superior health by listening to and caring for those we serve.
About
Cardiovascular Associates was established in 1978 to provide comprehensive cardiovascular services to the Northeast Tennessee/Southwest Virginia region. In May 2010, Wellmont Cardiology Services 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.Wellmont Cardiology Services strives to improve the cardiovascular health of the region and deliver high-quality, cost-effective heart and vascular care with compassion.Wellmont Cardiology Services consists of 41 certified cardiologists and cardiovascular and thoracic surgeons who work in eight community offices and the seven member hospitals of Wellmont Health System. Wellmont Cardiology Services 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. Wellmont Cardiology Services also serves as a leader in clinical research and teaching institution through the Cardiovascular University.For fiscal year 2019, WCS had 114,119 outpatient encounters and performed 2,121 inpatient 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 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 2019, WCS incurred a loss of $1,427,895 attributable to the provision of charity care.TENNCARE/MEDICAID/MEDICARE/CHAMPUS: WCS provides care to persons covered by governmental programs, such as TennCare (Tennessee residents), Medicaid, Medicare and Champus. WCS incurred a loss of $17,767,645 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- Diabetes Expo- Diabetes Symposium- Presentations to medical societies- Regional Healthcare SymposiumWellmont Cardiology Services received the highest 2019 Performance Achievement Award from the American College of Cardiology, the nations 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).
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Honor those we serve by delivering the best possible care.”.
When referring to its actions, they were described as: “Mission: honor those we serve by delivering the best possible care. vision: to build a legacy of superior health by listening to and caring for those we serve.”.
- According to the law, the state of operation reported by the non-profit is TN.
- As per the filing, the address of the non-profit for 2020 is 1905 American Way, Kingsport, TN, 37660.
- According to their form, the non-profit as of 2020 has a total of 305 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,360,080.
- The CEO's salary plan within the organization is not subject to review and endorsement by a neutral party.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 0 independent voting members.
- The organization was formed in 2010.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $39,729,412 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
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