Health Insurance Plan Of Greater New York

Organization Overview

Health Insurance Plan Of Greater New York is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Health Insurance Plan Of Greater New York employed 2,604 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Insurance Plan Of Greater New York is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Health Insurance Plan Of Greater New York generated $5.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $5.7b during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Health Insurance Plan Of Greater New York has awarded 157 individual grants totaling $2,929,652. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HIPGNY'S MISSION IS TO CREATE HEALTHIER FUTURES FOR ITS CUSTOMERS (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUBSCRIBER BENEFITS - HIPGNY IS A NOT-FOR-PROFIT CORPORATION THAT ARRANGES FOR THE PROVISION OF COMPREHENSIVE MEDICAL AND HEALTH CARE SERVICES FOR ITS SUBSCRIBERS/MEMBERS (INCLUDING HEALTH CARE SERVICES TO MEDICARE AND MEDICAID MEMBERS) WHICH IS AN EXEMPT FUNCTION. IN 2021, HIPGNY PROVIDED SERVICES (ACROSS ALL SERVICE LINES) TO APPROXIMATELY 287,000 MEMBERS.


MEDICARE - HIPGNY SERVED APPROXIMATELY 124,000 MEDICARE MEMBERS THROUGH ITS MEDICARE RISK AND COST CONTRACT PROGRAMS.


MEDICAID - HIPGNY SERVED APPROXIMATELY 207,000 MEDICAID MEMBERS. HIP HAS BEEN SERVICING THE MEDICAID POPULATION SINCE 1967 (WITH THE PASSAGE OF FEDERAL LEGISLATION AUTHORIZING THIS PROGRAM) AND HAS AN EXTENSIVE PROGRAM IN PLACE TO ENCOURAGE PREVENTIVE MEDICAL CARE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cognizant Healthcare Services Llc
Consulting
$157,648,644
The Sourcing Group Llc
Business Solutions
$24,824,050
Incomm Inc
Software Solutions
$60,169,350
Cotiviti Inc
Software Solutions
$15,326,989
Merkle Inc
Business Solutions
$5,353,448
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$5,560,479,971
Investment income $13,832,867
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,714,186
Net Gain/Loss on Asset Sales $30,453,427
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,607,634,442

Grants Awarded

Over the last fiscal year, Health Insurance Plan Of Greater New York has awarded $232,190 in support to 16 organizations.

Grant RecipientAmount

CITIZENS BUDGET COMMISSION INC

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$28,440

ARCHCARE GALA BENEFITS OFFICE CO CMI EVENTS

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$25,000

DOMINICAN MEDICAL DENTAL COMMUNITY OUTREACH SOCIETY INC

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$25,000

UNIVERSITY OF MICHIGAN HOSPITAL

Org PageRecipient Profile

Ann Arbor, MI

PURPOSE: GENERAL SUPPORT

$20,000

NEW YORK COMMON PANTRY INC

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$20,000

NATIONAL ALLIANCE ON MENTAL ILLNESS OF NEW YORK CITY INC

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$15,000
View Grant Profile

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