Physicians for Fair Coverage Ltd
- Assets
- $0.0
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2019
- Data as of
- 09/2020
- EIN
- 81-2941933
Organization Overview
Physicians for Fair Coverage Ltd is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. Physicians for Fair Coverage Ltd 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 09/2020, Physicians for Fair Coverage Ltd generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.7m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVOCACY ORGANIZATION TO IMPROVE PATIENT PROTECTIONS AND END THE SURPRISE INSURANCE GAP- SEE PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, PFC SUPPORTS STATE LEGISLATIVE EFFORTS TO END SURPRISE BILLING WITH STRONG PATIENT PROTECTIONS BY TAKING THE PATIENT OUT OF THE MIDDLE OF DISPUTES BETWEEN INSURERS AND PHYSICIANS, APPLYING PATIENT OUT-OF-POCKET EXPENSES AT THE IN-NETWORK RATE FOR UNEXPECTED OUT-OF-NETWORK SERVICES, ENSURING ACCESS TO CARE THROUGH FAIR REIMBURSEMENT AND A PROVEN MECHANISM FOR APPEAL FOR PHYSICIANS AND INSURERS, AND IMPROVING TRANSPARENCY FOR BOTH PATIENTS AND PHYSICIANS. WORKING CLOSELY WITH LOCAL PHYSICIAN AND PATIENT GROUPS, AS WELL AS OTHER STAKEHOLDERS, WE BUILD COALITIONS, ENGAGE GRASSROOTS AND IMPLEMENT INTEGRATED PUBLIC RELATIONS TO EDUCATE ANDADVOCATE.
MEMBERSHIP: PFC IS COMPRISED OF TENS OF THOUSANDS OF PHYSICIANS FROM A VARIETY OF SPECIALTIES WHO ANNUALLY SERVE MILLIONS OF PATIENTS IN THOUSANDS OF FACILITIES NATIONWIDE. MEMBERS ARE STRONG PATIENT ADVOCATES, AGREE ANY BILLING DISPUTES SHOULD REMAIN BETWEEN THEMSELVES AND INSURERS AND CAN FAIRLY BE RESOLVED THROUGH A PROVEN APPEALS PROCESS, AND DO NOT BALANCE BILL IN THEIR PRACTICES.
IN 2020, PFC SUPPORTS STATE LEGISLATIVE EFFORTS TO END SURPRISE BILLING WITH STRONG PATIENT PROTECTIONS BY TAKING THE PATIENT OUT OF THE MIDDLE OF DISPUTES BETWEEN INSURERS AND PHYSICIANS, APPLYING PATIENT OUT-OF-POCKET EXPENSES AT THE IN-NETWORK RATE FOR UNEXPECTED OUT-OF-NETWORK SERVICES, ENSURING ACCESS TO CARE THROUGH FAIR REIMBURSEMENT AND A PROVEN MECHANISM FOR APPEAL FOR PHYSICIANS AND INSURERS, AND IMPROVING TRANSPARENCY FOR BOTH PATIENTS AND PHYSICIANS. WORKING CLOSELY WITH LOCAL PHYSICIAN AND PATIENT GROUPS, AS WELL AS OTHER STAKEHOLDERS, WE BUILD COALITIONS, ENGAGE GRASSROOTS AND IMPLEMENT INTEGRATED PUBLIC RELATIONS TO EDUCATE ANDADVOCATE.
MEMBERSHIP: PFC IS COMPRISED OF TENS OF THOUSANDS OF PHYSICIANS FROM A VARIETY OF SPECIALTIES WHO ANNUALLY SERVE MILLIONS OF PATIENTS IN THOUSANDS OF FACILITIES NATIONWIDE. MEMBERS ARE STRONG PATIENT ADVOCATES, AGREE ANY BILLING DISPUTES SHOULD REMAIN BETWEEN THEMSELVES AND INSURERS AND CAN FAIRLY BE RESOLVED THROUGH A PROVEN APPEALS PROCESS, AND DO NOT BALANCE BILL IN THEIR PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele H Kimball President & CEO / Secretary | Officer | 40 | $240,699 |
Anthony Gabriel MD Chair | OfficerTrustee | 2 | $0 |
Taylor Stone MD Treasurer | OfficerTrustee | 2 | $0 |
Randy Pilgrim MD Chair-Elect | OfficerTrustee | 1 | $0 |
Sherif Zaafran MD Immediate Past Chair | Trustee | 0.5 | $0 |
Thomas Sugarman MD Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interel Us Inc Management Services | 12/30/19 | $511,550 |
Bgr Government Affairs Llc Lobbying/retainer | 12/30/19 | $495,000 |
Kirkland & Ellis Llp Public Relations & Media | 12/30/19 | $106,866 |
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 | $422,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,000 |
| Total Program Service Revenue | $1,166,001 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,580,139 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $251,691 |
| Compensation of current officers, directors, key employees. | $71,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,160 |
| Payroll taxes | $28,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,079 |
| Fees for services: Accounting | $41,130 |
| Fees for services: Lobbying | $450,217 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $890 |
| Advertising and promotion | $507,413 |
| Office expenses | $14,826 |
| Information technology | $75,004 |
| Royalties | $0 |
| Occupancy | $12,712 |
| Travel | $2,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,058 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $520 |
| Insurance | $2,817 |
| All other expenses | $0 |
| Total functional expenses | $1,662,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Railway Labor Conference 7324 Rrb No Arlington, VA | $5,259,981 | $12,455,580 |
The National Right To Work Committee Inc Springfield, VA | $20,653,179 | $10,236,180 |
Hr Policy Association Arlington, VA | $6,326,982 | $10,167,800 |
Jobs With Justice Education Fund Washington, DC | $16,599,797 | $16,367,388 |
Physicians for Fair Coverage Ltd Washington, DC | $0 | $1,580,139 |
American Association Of Cosmetology Schools Inc Washington, DC | $1,137,711 | $1,066,197 |
Coding It Forward Inc Washington, DC | $1,870,920 | $1,171,199 |
Tax Council Washington, DC | $1,516,829 | $933,411 |
Market Research Foundation Fairfax, VA | $57,632 | $622,000 |
Maryland Asphalt Association Inc Glen Burnie, MD | $591,914 | $622,797 |
Employ America Action Fund Washington, DC | $810,911 | $500,300 |
Pay Our Interns Washington, DC | $141,827 | $321,081 |