IPCM on NASDAQ
IPC Healthcare
Healthcare organization in North Hollywood, United States, founded in 19951
IPC Healthcare, Inc., previously known as IPC The Hospitalist Company, was a publicly traded corporation which operates a national physician group practice focused on the delivery of hospital medicine and related facility-based services. IPC providers manage the care of patients in coordination with primary care physicians and specialists in over 1,900 facilities in 28 states across the U.S. The company name is derived from an earlier company called In-Patient Consultants Management, Inc. and the NASDAQ ticker name was changed to IPCM in 2008.3 Wikipedia text CC BY-SA 4.0
Price unavailable
Last updated Oct 21, 2026.
Overview
- TickerIPCM on NASDAQ1
- IndustryServices-Misc Health & Allied Services, NEC1
- HeadquartersNorth Hollywood1
- Websitewww.hospitalist.com
- Incorporated inDE4
- Business address4605 Lankershim Blvd., Suite 617, North Hollywood, Ca 916024
- Filer categoryLarge accelerated filer4
See how the biggest companies compare on our leaderboards
IPC Healthcare, Inc., previously known as IPC The Hospitalist Company, was a publicly traded corporation which operates a national physician group practice focused on the delivery of hospital medicine and related facility-based services. IPC providers manage the care of patients in coordination with primary care physicians and specialists in over 1,900 facilities in 28 states across the U.S. The company name is derived from an earlier company called In-Patient Consultants Management, Inc. and the NASDAQ ticker name was changed to IPCM in 2008. The company changed its name to IPC Healthcare in January 2015. The company was acquired by TeamHealth in 2015 for $1.6 billion.3
What it owns
What IPC Healthcare reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Furniture and fixtures | $2.8M6 Dec 31, 2013 | $2.5M6 Dec 31, 2012 | +12.5% |
| Leasehold improvements | $1.1M6 Dec 31, 2013 | $950.0K6 Dec 31, 2012 | +14.4% |
| Property and equipment, before depreciation | $31.8M7 Dec 31, 2014 | $25.5M7 Dec 31, 2013 | +24.7% |
| Accumulated depreciation | $23.0M7 Dec 31, 2014 | $19.2M7 Dec 31, 2013 | +20.1% |
| Property and equipment, net | $8.8M7 Dec 31, 2014 | $6.3M7 Dec 31, 2013 | +38.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $14.9M7 Dec 31, 2014 | $25.0M7 Dec 31, 2013 | −40.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $409.0M7 Dec 31, 2014 | $357.4M7 Dec 31, 2013 | +14.4% |
| Intangible assets, net (excluding goodwill) | $5.0M7 Dec 31, 2014 | $5.9M7 Dec 31, 2013 | −15.4% |
| Finite-lived intangibles, gross | $12.9M7 Dec 31, 2014 | $12.3M7 Dec 31, 2013 | +5.2% |
| Accumulated amortization | $8.0M7 Dec 31, 2014 | $6.4M7 Dec 31, 2013 | +23.9% |
| Finite-lived intangibles, net | $5.0M7 Dec 31, 2014 | $5.9M7 Dec 31, 2013 | −15.4% |
Leadership
Who has led IPC Healthcare, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerAdam D. Singer Md. Jan 24, 2008 to Nov 25, 20158
- ChairAdam D. Singer Md. Jan 24, 2008 to Nov 25, 20158
- PresidentR. Jeffrey Taylor Jan 24, 2008 to Nov 25, 20159
- Chief financial officerRichard H. Kline Iii. Nov 1, 2011 to Nov 25, 201510
- Chief financial officerDevra G. Shapiro Jan 24, 2008 to Jul 13, 201111
- Chief operating officerR. Jeffrey Taylor Jan 24, 2008 to Nov 25, 20159
Board members and other officers (15)
- Chief Strategy OfficerRonald A. Greeno Jun 2, 2015 to Jun 2, 201512
- Chief Administrative OfficerDevra G. Shapiro Mar 5, 2012 to Jul 1, 201413
- Chief Clinical OfficerKerry E. Weiner Apr 4, 2011 to Nov 25, 201514
- VP Finance&Prin. Acct. OfficerFernando Sarria Jan 24, 2008 to Nov 25, 201515
- Exec. V.P./Chief Dev. OfficerRichard G. Russell Jan 24, 2008 to Nov 25, 201516
- Board memberRobert M. Wachter Aug 5, 2013 to Nov 25, 201517
- Board memberBarry M. Smith Jan 24, 2008 to Jun 16, 200818
- Board memberChuck Timpe Jan 24, 2008 to Nov 25, 201519
- Board memberMark J. Brooks Jan 24, 2008 to Nov 25, 201520
- Board memberR. Jeffrey Taylor Jan 24, 2008 to Nov 25, 20159
- Board memberThomas P. Cooper Jan 24, 2008 to Nov 25, 201521
- Board memberWoodrin Grossman Mar 24, 2008 to Nov 25, 201522
- Board memberFrancesco Federico Aug 18, 2008 to Nov 25, 201523
- Board memberPatrick G. Hays Aug 18, 2008 to Jun 17, 201124
- General counselKelli T. Newman Oct 3, 2014 to Oct 2, 201525
Former names
- IPC The Hospitalist Company, Inc.Aug 31, 2007 to Dec 31, 20144
Controversies and legal
Controversy
The company disclosed that on June 7, 2010, it received a civil investigative demand (CID) issued by the Department of Justice (DOJ), U.S. Attorney's Office for the Northern District of Illinois. The CID requested information concerning claims that IPC had submitted to Medicare and Medicaid.
In 2011, the company was the subject of an investigative report looking at the use of hospitalists in San Antonio area hospitals and at the death of a patient under an IPC physician's care. A 2013 article published by JAMA raised concerns about the quality of care provided by hospitalists with excessive workloads.
In 2013, the US Justice Department joined a "whistleblower" lawsuit against IPC, alleging that IPC physicians sought payment for higher and more expensive levels of medical service than were actually performed – a practice commonly referred to as "upcoding". Specifically, the lawsuit alleges that IPC encouraged its physicians to bill at the highest levels regardless of the level of service provided, trained physicians to use higher level codes and encouraged physicians with lower billing levels to "catch up" to their peers. Class action lawsuits against the company for overbilling are now being contemplated by various law firms specializing in such claims.
In February 2014, the former Attorney General of the State of Louisiana announced an investigation into whether IPC officers and/or directors breached their fiduciary duties to IPC's shareholders or otherwise violated state or federal laws. In June 2014, the United States Justice Department filed a civil lawsuit against IPC alleging that it submitted false claims to federal health care programs in violation of the False Claims Act by knowingly engaging in systematic overbilling for hospital evaluation and management services billed to Medicare, Medicaid, and other federal health benefit programs.
In February 2017, the company paid $60 million settle the False Claims Act qui tam lawsuit in the Northern District of Illinois. The suit alleged that IPC encouraged and trained physicians in upcoding and utilized incentive compensation schemes linked to billing performance, which in some cases led to incentive compensation exceeding the physician's base salary.
From Wikipedia’s article on IPC Healthcare, shared under CC BY-SA 4.0.5
Timeline
SEC filer profile
How IPC Healthcare is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARIPC Healthcare, Inc.2
- CIK0001410471
- Employer ID (EIN)95-45620582
- Filer statusLarge accelerated filer2
- Incorporated inDelaware2
- Fiscal year endsDecember 312
- Industry code (SIC)8090 Services-Misc Health & Allied Services, NEC2
- Business address4605 Lankershim Blvd., Suite 617, North Hollywood, CA 916022
- Phone818-766-35022
- Shares outstanding17,452,664 as of Oct 22, 201526
- Public float$746.0M as of Jun 30, 20147
- On EDGAR sinceAug 31, 20072
- Filings628 in all: 4 (371), 8-K (68), SC 13G/A (30), 10-Q (24), 3 (24), SC 13G (18), UPLOAD (12), 10-K (8)2
All 32 form types
CORRESP (8), DEF 14A (8), S-8 (7), S-8 POS (7), S-1/A (6), DEFA14A (5), 3/A (4), 4/A (3), PRE 14A (3), 10-Q/A (2), 424B4 (2), 5 (2), ARS (2), EFFECT (2), FWP (2), S-1 (2), 10-K/A (1), 15-12B (1), 25-NSE (1), 8-A12B (1), 8-K/A (1), CERTNAS (1), DEFM14A (1), PREM14A (1)
- Latest filingsAnnual report (10-K) Feb 23, 2015
Quarterly report (10-Q) Oct 28, 2015
Proxy statement (DEF 14A) Apr 17, 2015
Latest 8-K (8-K) Nov 23, 2015
Links
- Websitewww.hospitalist.com1
- WikipediaIPC Healthcare
- WikidataQ16997283
- SEC EDGARCIK 1410471
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataIPC Healthcare on Wikidata
- 2SEC EDGARIPC Healthcare filings on SEC EDGAR
- 3WikipediaIPC Healthcare on Wikipedia
- 4SEC EDGARIPC Healthcare filings on SEC EDGAR
- 5
- 6SEC EDGARIPC Healthcare 10-K for fiscal 2013
- 7SEC EDGARIPC Healthcare 10-K for fiscal 2014
- 8
- 9SEC EDGARR. Jeffrey Taylor, President
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17SEC EDGARRobert M. Wachter, Board member
- 18SEC EDGARBarry M. Smith, Board member
- 19SEC EDGARChuck Timpe, Board member
- 20SEC EDGARMark J. Brooks, Board member
- 21SEC EDGARThomas P. Cooper, Board member
- 22SEC EDGARWoodrin Grossman, Board member
- 23SEC EDGARFrancesco Federico, Board member
- 24SEC EDGARPatrick G. Hays, Board member
- 25SEC EDGARKelli T. Newman, General counsel
- 26