Virginia Premier Health Plan Inc

Organization Overview

Virginia Premier Health Plan Inc is located in Virginia Beach, VA. The organization was established in 2013. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. Virginia Premier Health Plan 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 06/2023, Virginia Premier Health Plan Inc generated $1.5b in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.4b during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENSURE OUR MEMBERS RECEIVE THE HIGHEST QUALITY MEDICAL SERVICES, OUR GOAL IS TO IMPROVE THE HEALTH STATUS OF OUR MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VIRGINIA PREMIER MAINTAINS CONTRACTS WITH AREA PROVIDERS TO SUPPLY HEALTH CARE, DISEASE PREVENTION, AND HEALTH PROMOTION FOR INDIVIDUALS AND FAMILIES IN THE COMMUNITY IN AN EFFECTIVE, ACCESSIBLE AND AFFORDABLE MANNER.


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Board, Officers & Key Employees

Name (title)Compensation
Robert A Broermann
Director
$0
Dennis A Matheis
Director/president
$0
Jordan R Asher MD
Director
$0
Patricia Darnley
Director
$0
Colin Drozdowski
Director
$0
Robert C Fort
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kaiser Permanente
Lab Services
$110,361,763
Carilion Medical Center
Healthcare Provider
$63,692,560
Express Scripts
Pharmacy Benefit Management
$252,549,818
Consumer Direct Care Network Virginia
Self-directed Cares Services
$56,726,077
Sentara Hospitals
Healthcare Provider
$45,666,505
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$1,448,059,312
Investment income $8,290,587
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,742,747
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,454,607,152

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