Faith Family Medical Center: Company Profile

Background

Overview

Faith Family Medical Center is a non-profit primary care clinic based in Nashville, Tennessee, dedicated to providing affordable, quality healthcare to the working uninsured and underinsured residents of Middle Tennessee. Established in 2001, the center offers comprehensive services, including primary care, diagnostic testing, disease management, behavioral health counseling, and an on-site pharmacy with affordable medications.

Mission and Vision

Mission: Driven by faith, we provide hope and healing to our Middle Tennessee neighbors in need.

Vision: All Middle Tennesseans have the healthcare home they need to lead a fulfilling life.

Industry Significance

As a non-profit organization, Faith Family Medical Center plays a crucial role in addressing the healthcare needs of underserved populations in the region, ensuring access to essential medical services for those without insurance or adequate coverage.

Key Strategic Focus

Core Objectives

Provide comprehensive, affordable healthcare services to the working uninsured and underinsured.

Offer a holistic approach to patient care, addressing physical, mental, and spiritual health.

Serve as a medical home for patients, fostering long-term relationships and continuity of care.

Areas of Specialization

Primary care services for all age groups.

Disease management programs for chronic conditions.

Behavioral health counseling and support.

On-site pharmacy services with affordable medication options.

Key Technologies Utilized

Electronic Health Records (EHR) systems for efficient patient data management.

Telehealth platforms to facilitate remote consultations and follow-ups.

Diagnostic equipment for in-house testing and screenings.

Primary Markets Targeted

Working uninsured individuals and families in Middle Tennessee.

Underinsured residents seeking affordable healthcare options.

Financials and Funding

Funding History

As a non-profit organization, Faith Family Medical Center relies on a combination of patient fees, donations, grants, and partnerships to fund its operations. In 2024, the center reported total revenues of $7,557,444 and total expenses of $7,368,123, indicating a sustainable financial model.

Recent Funding Rounds

Specific details about recent funding rounds are not publicly disclosed. However, the center has received support from various foundations, grants, corporations, churches, and individual donors. Notably, in 2022, the center launched the HealthPass program, a pilot initiative aimed at providing affordable healthcare alternatives to marketplace insurance, with funding support from The Frist Foundation and HCA Healthcare Foundation.

Notable Investors

While individual donors and organizations contribute to the center's funding, specific investor names are not publicly disclosed.

Utilization of Capital

Funds are utilized to support the center's operations, including staffing, medical supplies, facility maintenance, and the expansion of services such as the HealthPass program.

Pipeline Development

As a primary care provider, Faith Family Medical Center focuses on the continuous development and enhancement of its healthcare services rather than a traditional product pipeline. The center is committed to expanding its reach and improving care through initiatives like the HealthPass program, which aims to offer affordable healthcare alternatives to traditional insurance models.

Technological Platform and Innovation

Proprietary Technologies

In-house diagnostic testing capabilities for various health conditions.

On-site pharmacy services offering affordable medications.

Significant Scientific Methods

Holistic patient care approach addressing physical, mental, and spiritual health.

Disease management programs for chronic conditions.

AI-Driven Capabilities

While specific AI-driven technologies are not detailed, the center utilizes electronic health records and telehealth platforms to enhance patient care and operational efficiency.

Leadership Team

Key Executives

Reggie Ramsey, MBA, FACHE: Chief Executive Officer

Anne Toomey: President & Founding Partner at Jarrard Inc.

Julie Moran Webb: Communications and Events Manager

Dr. Roshanali Hemani: Family Physician and Hypnotherapist at Clifton Hospital

Professional Backgrounds and Contributions

Reggie Ramsey: Brings extensive experience in healthcare administration and leadership, overseeing the strategic direction and operations of the center.

Anne Toomey: As a founding partner at Jarrard Inc., she contributes strategic insights and guidance to the center's initiatives.

Julie Moran Webb: Manages communications and events, enhancing the center's community engagement and outreach efforts.

Dr. Roshanali Hemani: Provides medical expertise and leadership in patient care, integrating family medicine with hypnotherapy services.

Competitor Profile

Market Insights and Dynamics

The healthcare market in Middle Tennessee is characterized by a significant population of uninsured and underinsured individuals seeking affordable care. Non-profit clinics like Faith Family Medical Center play a vital role in filling this gap, offering comprehensive services to underserved communities.

Competitor Analysis

Christ Community Health Services: A non-profit, Christian, faith-based healthcare provider with several locations across the Memphis area, offering primary healthcare, dentistry, mental health, and spiritual health services.

Adventist Health Community Care-Hanford: Part of Adventist Health, providing extensive community care clinic services in California, including primary care, behavioral health, dental, and family medicine residency programs.

Christus Trinity Mother Frances Health System: A non-profit regional healthcare provider in Texas, operating multiple hospitals and clinic locations, offering a range of medical services.

Strategic Collaborations and Partnerships

Faith Family Medical Center collaborates with various foundations, grants, corporations, churches, and individual donors to support its mission. Notably, the center partnered with The Frist Foundation and HCA Healthcare Foundation to launch the HealthPass program, providing affordable healthcare alternatives to traditional insurance models.

Operational Insights

The center differentiates itself through its holistic approach to patient care, addressing physical, mental, and spiritual health, and by offering services such as an on-site pharmacy with affordable medications. This comprehensive model positions Faith Family Medical Center as a unique provider in the Middle Tennessee healthcare landscape.

Strategic Opportunities and Future Directions

Strategic Roadmap

Expansion of Services: Continue to develop and enhance programs like HealthPass to provide affordable healthcare alternatives.

Community Engagement: Strengthen partnerships with local organizations and community groups to expand outreach and impact.

Operational Efficiency: Leverage technology to improve patient care and streamline operations.

Future Business Directions

Focus on increasing access to healthcare for underserved populations, expanding service offerings, and enhancing the quality of care through innovative programs and partnerships.

Opportunities for Expansion

Explore opportunities to establish additional clinic locations in underserved areas and expand telehealth services to reach a broader patient base.

Positioning for Future Objectives

By maintaining a patient-centered approach, fostering community partnerships, and embracing innovative healthcare delivery models, Faith Family Medical Center is well-positioned to achieve its mission and vision in the coming years.