Mass General Brigham Health Plan Inc
- Assets
- $334.4m
- Revenue
- $873.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 04-2932021
Organization Overview
Mass General Brigham Health Plan Inc is located in Somerville, MA. The organization was established in 1990. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mass General Brigham Health Plan Inc 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, Mass General Brigham Health Plan Inc generated $873.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $884.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALLWAYS HEALTH PARTNER'S MISSION IS TO PROMOTE THE HEALTH AND WELLNESS OF OUR MEMBERS, AND TO HELP ENSURE EQUITABLE, AFFORDBALE HEALTH CARE FOR THE DIVERSE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE DELIVERY: ALLWAYS HEALTH PARTNERS (AHP) PROMOTES THEDELIVERY OF COMPREHENSIVE HEALTH SERVICES ON A PREPAID BASIS TO MEMBERSAT 1,821 PRIMARY CARE LOCATIONS.FULLY INSURED MEMBERS INCLUDE APPROXIMATELY 124 THOUSAND INDIVIDUALS COVERED BY MEDICAID, SMALL AND LARGE EMPLOYER GROUPS AND LOW-INCOME, HIGH-RISK INDIVIDUALS. DURING 2021, MEMBERS INCURRED APPROXIMATELY 2.0 MILLION AMBULATORY ENCOUNTERS AND INCURRED APPROXIMATELY 47 THOUSAND HOSPITAL PATIENT DAYS.AHP OFFERS MEMBERS ACCESS TO APPROXIMATELY 7 THOUSAND PRIMARY CARE PHYSICIANS AND APPROXIMATELY 41 THOUSAND SPECIALISTS. SINCE 2008 ALLWAYS HEALTH PARTNERS HAS BEEN ACCREDITED BY THE NATIONAL COMMITTEE FOR QUALITY ASSURANCE (NCQA). NCQA ACCREDITATION SURVEY PROCESS INCLUDES ON AND OFF-SITE EVALUATIONS OF OVER 60 STANDARDS AND PERFORMANCE MEASURES CONDUCTED BY A TEAM OF PHYSICIANS AND MANAGED CARE EXPERTS. EVERY PART OF ALLWAYS HEALTH PARTNERS HEALTHCARE DELIVERY SYSTEM WAS EVALUATED INCLUDING PHYSICIANS, HOSPITALS, AFFILIATED PROVIDERS, AND ADMINISTRATIVE SERVICES. ALLWAYS HEALTH PARTNERS VOLUNTARILY PURSUED NCQA ACCREDITATION AND WILL CONTINUE TO STRIVE FOR THIS RECOGNITION BECAUSE WE KNOW OUR MEMBERS DESERVE THE HIGHEST QUALITY CARE. IN THE LATEST HEALTH PLAN SURVEY RATINGS, WE ACHIEVED A 4.0 OUT OF 5.0 STAR RATING FOR BOTH OUR COMMERCIAL AND MEDICAID PLANS, WHICH IS CONSIDERED EXCELLENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Tringale President & Director | OfficerTrustee | 50 | $0 |
Marissa Fox-Foley Chief Strategy & Marketing Officer | Officer | 50 | $0 |
Mark Mccormick Chief Operating Officer | Officer | 50 | $0 |
Yogendra Bundela Deputy Chief Information Officer | Officer | 50 | $0 |
Peter K Markell Treasurer, Off 03/31/21 | Officer | 1 | $0 |
Joseph Capezza Chief Financial Officer Off 09/13/21 | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Behavioral Health Claims Adminstration | 12/30/21 | $122,125,610 |
Harvard Vanguard Medical Associates Medical Services | 12/30/21 | $12,939,024 |
Cognizant Trizetto Software Group Inc Healthcare It Services | 12/30/21 | $3,160,457 |
Evicore Healthcare Consulting Services | 12/30/21 | $2,432,471 |
Merrimack Valley Accountable Care Organi Medical Services | 12/30/21 | $5,619,981 |
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 | $868,839,866 |
| Investment income | $1,066,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,570,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,476,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $785,172,940 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,332,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,006,186 |
| Payroll taxes | $571,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $637,263 |
| Fees for services: Accounting | $505,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $185,998 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,681,437 |
| Office expenses | $15,650,494 |
| Information technology | $10,673,633 |
| Royalties | $0 |
| Occupancy | $2,972,843 |
| Travel | $7,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,323 |
| Interest | $78,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $584,187 |
| Insurance | $0 |
| All other expenses | $266,249 |
| Total functional expenses | $884,691,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,600,568 |
| Savings and temporary cash investments | $37,994,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,428,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $953,022 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $158,165,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,276,121 |
| Total assets | $334,419,352 |
| Accounts payable and accrued expenses | $161,913,003 |
| Grants payable | $0 |
| Deferred revenue | $12,464,699 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,188,357 |
| Total liabilities | $175,566,059 |
| Net assets without donor restrictions | $158,853,293 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $334,419,352 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Health Plan Inc has awarded $3,158,238 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Mattapan, MA PURPOSE: Partnership for Community Health | $659,648 |
Mashpee, MA PURPOSE: Partnership for Community Health | $412,500 |
Brighton, MA PURPOSE: Partnership for Community Health | $412,470 |
Lynn, MA PURPOSE: Partnership for Community Health | $311,902 |
Brockton, MA PURPOSE: Partnership for Community Health | $247,500 |
Lowell, MA PURPOSE: Partnership for Community Health | $247,340 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mass General Brigham Health Plan Inc has recieved totaling $4,000,000.
| Awarding Organization | Amount |
|---|---|
Mass General Brigham Incorporated Somerville, MA PURPOSE: EXEMPT AFFILIATE SUPPORT | $4,000,000 |