Priority Health Choice Inc
- Assets
- $365.8m
- Revenue
- $855.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 32-0016523
Organization Overview
Priority Health Choice Inc is located in Grand Rapids, MI. The organization was established in 2005. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Priority Health Choice Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Priority Health Choice Inc generated $855.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $795.3m during the year ending 12/2021. While expenses have increased by 8.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE HEALTH, INSPIRE HOPE AND SAVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIORITY HEALTH CHOICE, INC. HAS A CONTRACT WITH THE STATE OF MICHIGAN TO OFFER HEALTH CARE COVERAGE TO MEDICAID RECIPIENTS WITHIN THE STATE OF MICHIGAN. MEDICAID MANAGED CARE HAS BEEN IN EXISTENCE SINCE THE LATE 1990'S AND HAS DEMONSTRATED SIGNIFICANT COST SAVINGS ALONG WITH BETTER HEALTH OUTCOMES FOR THEIR MEMBERS. PRIORITY HEALTH CHOICE, INC. PROVIDES MORE THAN 234,000 LOWER INCOME AND/OR DISABLED RESIDENTS IN 23 MICHIGAN COUNTIES WITH ACCESS TO QUALITY AND AFFORDABLE HEALTH CARE SERVICES. IT PROMOTES AND INCENTIVIZES OPEN ACCESS TO PROVIDERS. (CONTINUED ON SCHEDULE O)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Vp, System Total Value | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metropolitan Hospital Claims Services | 12/30/21 | $21,764,333 |
Bronson Methodist Hospital Claims Services | 12/30/21 | $15,145,214 |
Mercy Health Partners Claims Services | 12/30/21 | $21,897,998 |
Express Scripts Claims Services | 12/30/21 | $148,995,593 |
Saint Marys Health Services Claims Services | 12/30/21 | $12,490,846 |
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 | $852,169,752 |
| Investment income | $2,685,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $877,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $855,732,086 |
| 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 | $654,894,532 |
| Compensation of current officers, directors, key employees. | $1,065,766 |
| Compensation of current officers, directors, key employees. | $479,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,257,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,693,399 |
| Payroll taxes | $1,681,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,036 |
| Fees for services: Accounting | $192,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,956 |
| Fees for services: Other | $12,643,698 |
| Advertising and promotion | $3,172,120 |
| Office expenses | $1,007,578 |
| Information technology | $18,905 |
| Royalties | $0 |
| Occupancy | $624,663 |
| Travel | $24,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,509 |
| Interest | $3,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $977,392 |
| Insurance | $111,260 |
| All other expenses | $306,183 |
| Total functional expenses | $795,289,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,346,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,245,658 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $202,502,007 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,743,631 |
| Total assets | $365,837,413 |
| Accounts payable and accrued expenses | $146,910,755 |
| Grants payable | $0 |
| Deferred revenue | $1,354,782 |
| 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 | $2,394,551 |
| Total liabilities | $150,660,088 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $12,326,877 |
| Retained earnings, endowment, accumulated income, or other funds | $202,840,448 |
| Total liabilities and net assets/fund balances | $365,837,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mclaren Health Plan Inc Flint, MI | $450,183,476 | $1,045,922,622 |
Priority Health Choice Inc Grand Rapids, MI | $365,837,413 | $855,732,086 |
Mount Carmel Health Plan Inc Columbus, OH | $483,267,404 | $579,951,393 |
Group Health Cooperative Of South Central Wi Madison, WI | $101,296,548 | $425,253,744 |
Quartz Health Plan Corporation Madison, WI | $73,798,914 | $332,612,093 |
Physicians Health Plan Of Northern Indiana Inc Fort Wayne, IN | $94,644,511 | $196,513,216 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Physicians Health Plan Lansing, MI | $85,614,801 | $162,492,112 |
Total Health Care Inc Detroit, MI | $80,244,042 | $180,321,159 |
Beaumont Medical Group - Hospital-Based Services Southfield, MI | $0 | $82,138,397 |
Beaumont Medical Group - Specialty Services Southfield, MI | $0 | $131,140,763 |
Community Care Network Inc Munster, IN | $30,410,908 | $125,321,446 |