Somos Healthcare Providers Inc

Organization Overview

Somos Healthcare Providers Inc is located in Bronx, NY. The organization was established in 2017. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2020, Somos Healthcare Providers Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Somos Healthcare Providers Inc generated $33.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $96.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Somos Healthcare Providers Inc has awarded 54 individual grants totaling $1,086,950. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

SOMOS HEALTHCARE PROVIDERS, INC. IS A PERFORMING PROVIDER SYSTEM UNDER THE NYS MEDICAID DSRIP PROGRAM PROMOTING HEALTH & LESSENING THE BURDEN OF GOVERNMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOMOS HEALTHCARE PROVIDERS, INC. WAS FORMED AND MAINTAINED AS PART OF NEW YORK STATE'S DELIVERY SYSTEM REFORM INCENTIVE PAYMENT (DSRIP) PROGRAM TO IMPLEMENT HEALTHCARE SYSTEM TRANSFORMATION TO A QUALITY-BASED SYSTEM IN WHICH THE MOST POOR AND UNDERSERVED POPULATIONS CAN RECEIVE HIGH QUALITY OF CARE. SOMOS HEALTHCARE PROVIDERS, INC. IMPLEMENTED THE NECESSARY CHANGES TO ACHIEVE NEW YORK STATE'S GOALS THROUGHOUT THE DSRIP TERM WHICH FOR REPORTING CONCLUDED MARCH 2020 BUT WHOSE GOAL OF SYSTEM TRANSFORMATION CONTINUES OF HEALTHCARE. SOMOS CONTINUES AS A SUSTAINABLE SOCIAL DETERMINANTS OF HEALTH NETWORK THAT EMBODIES THE CORE VALUES OF NEW YORK STATE'S HEALTHCARE TRANSFORMATION PROGRAM, AND HAS BEEN ESSENTIAL IN PROVIDING EFFECTIVE PANDEMIC RESPONSE ESPECIALLY IN THE POOR AND UNDERSERVED COMMUNITIES.


SOMOS COMMUNITY CARE TO PROVIDE COVID-19 VACCINES DIRECTLY TO ACCREDITED PRIMARY CARE PHYSICIANS IN SOMOS' HEALTH NETWORK WHO WILL VACCINATE UNDERSERVED NEW YORKERS. THE PROGRAM WILL INITIALLY COVER 75 PRACTICES IN THE BRONX, BROOKLYN, MANHATTAN AND QUEENS, AND WILL SCALE UP TO 100 PRACTICES AS SUPPLY ALLOWS. THE PROGRAM WILL LAUNCH IN THE COMING WEEKS AND NEW YORKERS WILL BE ABLE TO MAKE APPOINTMENTS DIRECTLY THROUGH SOMOS.SOMOS SPONSORED A POP-UP VACCINATION SITE AT THE NEW SETTLEMENT COMMUNITY CENTER IN THE BRONX, WHICH HOSTED TODAY'S ANNOUNCEMENT. THAT SITE WILL OPERATE THIS UPCOMING WEEKEND TO VACCINATE NEW YORKERS IN THE SURROUNDING COMMUNITY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mstzo Llc
Consulting Services
$15,769,959
Evolent Health Llc
Care Coordination Services
$13,815,190
Optimus Health Analytics Llc
It Operational Services
$8,728,048
Corinthian Medical
Consulting Services
$5,090,000
Physicians Of The Future Medical Group P
Care Services
$2,939,640
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$183,700
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$183,700
Total Program Service Revenue$30,214,653
Investment income $3,023,939
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $33,457,480

Grants Awarded

Over the last fiscal year, Somos Healthcare Providers Inc has awarded $339,000 in support to 20 organizations.

Grant RecipientAmount

MONTEFIORE MEDICAL CENTER

Org PageRecipient Profile

Bronx, NY

PURPOSE: MONTEFIORE AND EINSTEIN 2020 VIRTUAL GALA

$50,000

ARCHBISHOP FULTON J SHEEN CENTER INC

PURPOSE: THE HEART OF NUBA - SCREENING AND CONVERSATION WITH DR. THOMAS CATENA

$25,000

San Juan, PR

PURPOSE: 50 VIRTUAL EDUCATIONAL PROGRAMS ON TEEN DRUG ADDICTION

$25,000

ARCHDIOCESE OF NEW YORK

PURPOSE: PIERRE TOUSSAINT SCHOLARSHIP FUND VIRTUAL GALA - CHAIRMAN'S CIRCLE

$25,000

PATH TO PEACE FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: PEACE GALA DINNER

$25,000

ASOCIACION NACIONAL DE SACERDOTES HISPANO

Org PageRecipient Profile

Lubbock, TX

PURPOSE: ANSH 31ST ANNUAL CONVENTION 2020

$20,000
View Grant Profile

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