Providence Medical Group

What Providence Medical Group does

Providence Medical Group is a privately held, for-profit multi-specialty medical practice headquartered at 2723 South 7th Street in Terre Haute, Indiana, serving patients across western Indiana and eastern Illinois. The practice operates six clinic locations — including two in Terre Haute (the main campus and Providence East Family Practice & Walk-In Clinic), plus Clinton, Brazil, Greencastle, and Paris — and offers an integrated suite of medical specialties: cardiology, endocrinology, family practice, internal medicine, hematology/oncology, and rheumatology, supplemented by on-site diagnostics and walk-in immediate care. Its cardiology program is the largest specialty, with seven physicians and seven advanced practice providers performing invasive and non-invasive procedures such as cardiac catheterization, nuclear stress testing, transesophageal and stress echocardiography, and peripheral vascular interventions.

The practice is built on conventional clinical technology rather than software or AI infrastructure: on-site diagnostic equipment (cath lab, echocardiography with contrast, nuclear imaging, Doppler and vascular ultrasound, Holter and event monitors, X-ray, and laboratory services) alongside on-site medication dispensing at walk-in sites. Procedures requiring a hospital setting are performed at eight affiliated regional facilities, including Union Hospital, Union Hospital Clinton, Terre Haute Regional Hospital, Sullivan County Regional Hospital, Greene County Hospital, Putnam County Hospital, St. Vincent Clay Hospital, and Paris Community Hospital, which also serve as embedded satellite clinic sites.

The business model is fee-for-service professional billing across primary and specialty care, with revenue generated from patient encounters, insurance reimbursements, self-pay visits, walk-in clinic volume, and procedure-based cardiology collections. Pricing is not publicly disclosed and patients are directed to contact the office for cost and insurance details. Patient acquisition is driven by physician referrals, local community presence, and the practice website (provmed.com), supported by downloadable pre-registration forms and a dedicated careers channel; the practice is independently owned with no disclosed parent company, private equity backing, or external investment.

Name

Providence Medical Group

Legal name

Providence Medical Group

Website

https://provmed.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Providence Medical Group is a privately held multi-specialty medical practice operating six clinics across western Indiana and eastern Illinois, delivering cardiology, endocrinology, family practice, internal medicine, hematology/oncology, rheumatology, on-site diagnostics, and walk-in care to local patients.

Ownership category

akta.pro rank

Product category

Multi-Specialty Medical Practice

NAICS

Offices of Physicians (except Mental Health Specialists) (621111)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Ambulatory Cardiology Diagnostic & Procedure Centers (Non-hospital-based) (HLAFABAK)

Keywords

• Cardiology services
• Primary care medicine
• Diagnostic imaging
• Walk-in clinic
• Specialty medical practice

Headquarters

HQ city

Terre Haute

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Patient Care Services: Fee-for-service medical care including office visits, consultations, procedures, and diagnostics. Revenue generated from patient encounters, insurance reimbursements, and self-pay services across multiple specialties including cardiology, endocrinology, family practice, internal medicine, hematology/oncology, and rheumatology.
2. Diagnostic Services: On-site diagnostic testing including laboratory services, X-rays, cardiac imaging, ultrasound, and specialized cardiovascular diagnostics. Services provided at clinic facilities with on-site medication dispensing available.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Providence Medical Group operates multi-specialty outpatient medical clinics delivering cardiology, endocrinology, family practice, internal medicine, hematology/oncology, and rheumatology services to patients in western Indiana and eastern Illinois. The practice provides on-site diagnostic testing including cardiac catheterization, echocardiography, nuclear stress testing, vascular ultrasound, and radiology, along with two walk-in clinic locations offering immediate care, on-site laboratory, X-ray, and medication dispensing for minor illnesses.

Product overview

Providence Medical Group is a multi-specialty healthcare practice providing comprehensive medical services through integrated departments. The practice operates as a platform of medical specialties including Family Practice, Internal Medicine, Cardiology, Endocrinology, Hematology/Oncology, Rheumatology, Diagnostics, and Walk-In Clinic services. These departments work collaboratively to provide coordinated patient care across primary care and specialty services, with shared diagnostic facilities and multiple convenient locations throughout Indiana and Illinois.

Differentiator

Problem solved

Functional benefit

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Carle Health: Carle Health is an Illinois-based multi-specialty physician and hospital system serving east-central Illinois communities; it is the most directly comparable peer in terms of multi-specialty physician practice structure and rural Illinois market focus, paralleling Providence's coverage of Paris, IL.

Broad incumbents

• Parkview Health: Parkview Health is a Fort Wayne-based regional multi-specialty health system operating across northeast Indiana; it is a comparable regional incumbent competing for cardiology and primary care physicians and patient referrals.
• Hendricks Regional Health: Hendricks Regional Health is a central Indiana regional health system operating hospitals and multi-specialty physician practices; it is a comparable regional incumbent competing for primary care and cardiology referrals in adjacent Indiana counties.
• Indiana University Health: Indiana University Health is the largest health system in Indiana, operating a statewide multi-specialty physician practice and hospital network across Indianapolis and regional markets; it competes with Providence for specialty referrals and is the most likely acquirer of independent physician groups in the state.
• Community Health Network: Community Health Network is an Indianapolis-based multi-specialty health system with extensive employed physician practices; it competes with Providence for specialty talent, payer contracts, and patient referrals across Indiana.
• Union Health: Union Health is the dominant regional hospital system in Terre Haute, Indiana and a direct hospital affiliate of Providence Medical Group; it operates a broad multi-specialty physician network across western Indiana and eastern Illinois, making it the closest incumbent competitor for both referrals and physician employment.
• Deaconess Health System: Deaconess Health System is a multi-specialty regional health system serving southwestern Indiana and bordering Illinois communities; it is a comparable regional competitor in terms of employed physician network scale and cardiology service-line emphasis.
• OSF HealthCare: OSF HealthCare is a large Illinois-based Catholic multi-specialty health system operating hospitals and physician practices across Illinois; it competes with Providence in the eastern Illinois market around Paris and shares the multi-specialty employed-physician model.
• Ascension St. Vincent: Ascension St. Vincent operates a large Indiana multi-specialty hospital and physician practice network, including Clay County facilities adjacent to Providence's Brazil location; it is a key incumbent competitor and likely acquirer of independent specialty practices in the region.
• Franciscan Health: Franciscan Health is an Indiana-based multi-specialty Catholic health system with hospitals and physician practices across central and western Indiana; it directly competes with Providence for cardiology, primary care, and specialty referrals in overlapping service areas.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Providence Medical Group