Health First Shared Services Inc

Health First Shared Services Inc Overview

Health First Shared Services Inc is located in Rockledge, FL. The organization was established in 2020. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2019, Health First Shared Services Inc employed 11,094 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Health First Shared Services Inc generated $279.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $239.0m during the year ending 09/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY EXEMPT PURPOSE OF HEALTH FIRST, INC. (HFI) IS TO PROVIDE SERVICES THAT ENABLE THE INFRASTRUCTURE TO PROVIDE PATIENT CARE AT HOLMES REGIONAL MEDICAL CENTER, INC. (HRMC), PALM BAY HOSPITAL (PBH), CAPE CANAVERAL HOSPITAL, INC. (CCH), VIERA HOSPITAL (VH), AND HOSPICE OF HEALTH FIRST, INC. (HHF). THE SERVICES PROVIDED BY HFI INCLUDE BUT ARE NOT LIMITED TO: STRATEGIC PLANNING, MANAGEMENT AND ADMINISTRATIVE SUPPORT SERVICES, AND INTEGRAL SERVICES IN IT, FINANCE. MORE SPECIFICALLY, HFI ASSISTS ITS AFFILIATED ORGANIZATIONS WITH:1. COORDINATION OF PATIENT CARE SERVICES ACROSS ALL ITS HOSPITAL PROVIDER LOCATIONS TO REDUCE DUPLICATION OF RESOURCES AND INCREASE THE COST-EFFICIENCY OF PATIENT CARE OFFERED AT ANY HEALTH FIRST ENTITY;2. PROVISION OF ENHANCED CLINICAL, MARKETING, PLANNING, FINANCIAL AND ORGANIZATIONAL SERVICES AND EXPERTISE, AND;3. SERVICE AREA COMMUNITY HEALTH PLANNING TO ENSURE THAT COLLECTIVELY ALL HEALTH FIRST ENTITIES PROVIDE THE HEALTHCARE SERVICES REQUIRED TO MEET THE NEEDS OF RESIDENTS WHO LIVE IN CENTRAL AND SOUTH BREVARD COUNTY. ONE EXAMPLE OF ENHANCED CLINICAL CARE IS A SERVICE KNOWN AS VITALWATCH, WHICH IS CENTRAL FLORIDA'S ONLY "EICU" - ELECTRONIC INTENSIVE CARE UNIT. COMBINING TELEMEDICINE, SOFTWARE, AND 24/7 ELECTRONIC MONITORING TECHNOLOGY, THIS SERVICE PROVIDES INPATIENTS CARED FOR IN ALL CRITICAL CARE BEDS AT CCH, PBH AND HRMC AN EXTRA LAYER OF EXPERTISE AND OVERSIGHT. CRITICAL CARE PHYSICIANS AND NURSES AT A CENTRALIZED LOCATION MONITOR REAL-TIME VITAL SIGNS, LABORATORY RESULTS, AND COMPLETE ELECTRONIC MEDICAL RECORDS OF PATIENTS IN ALL INTENSIVE CARE UNITS (ICU) AT NO EXTRA COST TO THE PATIENTS.IF NECESSARY, THE VITALWATCH STAFF CAN ALSO DIRECT A PATIENT'S CARE ON THE SPOT VIA LIVE AUDIO AND VIDEO CONNECTIONS TO THE PATIENT'S ROOM. ALL INFORMATION IS TRANSMITTED OVER PRIVATE DATA LINES TO ENSURE PRIVACY AND SECURITY. HEALTH FIRST, INC. ALSO PARTNERS WITH OTHER COMMUNITY ORGANIZATIONS IN PROGRAMS PROVIDING HEALTH SERVICES AND PREVENTATIVE CARE TO PATIENTS THAT HAVE LIMITED ACCESS TO PREVENTIVE OR PRIMARY HEALTHCARE SERVICES. ANOTHER FORM OF COMMUNITY SUPPORT IS THE CLINICAL TRAINING AND EDUCATION THAT HEALTH FIRST OFFERS TO PHYSICIANS, NURSING STUDENTS, TECHNICIANS AND OTHER HEALTH PROFESSIONALS.ADDITIONAL ACTIVITIES PROVIDED TO HRMC, PBH, CCH, VH, AND HHF BY HFI, INCLUDE ADOPTING OVERALL BUDGETS AND STRATEGIC PLANS, CONTROLLING THE INCURRENCE OF DEBT, DIRECTING CAPITAL ACQUISITION STRATEGIES, DIRECTING MANAGED CARE PURCHASING ARRANGEMENTS AND DIRECTING OR APPROVING MERGERS AND ACQUISITIONS OF ADDITIONAL AFFILIATIONS WITHIN THE GROUP. FOR A COPY OF OUR HEALTH FIRST, INC. COMMUNITY BENEFIT REPORT SEE:HTTPS://WWW.HF.ORG/ABOUT_US/GIVES_BACK/COMMUNITY_REPORT.CFM


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Health First Shared Services Inc Vendors

Vendor Name (Service)Compensation
Sodexo Inc And Affiliates
Operational Services
$20,806,825
Sodexo Ctm Llc
Operational Services
$7,917,108
G4s Secure Solutions Inc
Security & Carrier Services
$6,100,945
Allscripts Healthcare Llc
Information Technology
$9,247,219
Dst Health Solutions Services Llc
Information Technology
$10,993,184
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$270,983
Investment income $19,702,742
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $198,213
Net Gain/Loss on Asset Sales $11,677,881
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $279,445,215

Health First Shared Services Inc Grants Recieved

Over the last fiscal year, we have identified 1 grants that Health First Shared Services Inc has recieved totaling $270,982.

Awarding OrganizationAmount
Health First Inc

Rockledge, FL

PURPOSE: Special Projects and Patient Care

$270,982
View Grant Recipient Profile

Health First Shared Services Inc Peer Organizations

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