Nehi Inc is located in Boston, MA. The organization was established in 2003. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2023, Nehi Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nehi 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 12/2023, Nehi Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEHI'S MISSION IS TO SOLVE COMPLEX PROBLEMS AND ACHIEVE VALUE IN HEALTH CARE BY FOSTERING INTERDISCIPLINARY COLLABORATION AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUTOMATION OF PRIOR AUTHORIZATION:NEHI WAS FUNDED BY THE MASSACHUSETTS HEALTH POLICY COMMISSION (THE STATE'S COMMISSION OVERSEEING OVERALL HEALTH CARE SPENDING IN MASSACHUSETTS AND RECOMMENDING STEPS TO LIMIT SPENDING TO THE RATE OF GROWTH IN THE STATE ECONOMY) AND FOUR AUTOMATION TECHNOLOGY SERVICE PROVIDERS (CHANGE HEALTHCARE, COHERE HEALTH, HOOK MD, AND ZEOMEGA) TO ASSEMBLE A GROUP OF LOCAL PAYERS AND PROVIDERS AS WELL AS AUTOMATION TECHNOLOGY SERVICE PROVIDERS, ELECTRONIC HEALTH RECORD VENDORS, FEDERAL AGENCY REPRESENTATIVES, AND STATE AGENCY REPRESENTATIVES, TO PRODUCE ACTIONABLE AND PRAGMATIC RECOMMENDATIONS THAT WOULD REQUIRE MASSACHUSETTS PAYERS AND PROVIDERS TO AUTOMATE THE PRIOR AUTHORIZATION PROCESS WITHIN THE NEXT TWO YEARS. NEHI PARTNERED WITH THE MASSACHUSETTS HEALTH DATA CONSORTIUM (WHICH PROVIDED PRO BONO WORK) TO COMPLETE THIS PROJECT. NEHI AND MHDC CREATED A STANDALONE PRESENTATION THAT OUTLINES, FROM A TECHNICAL STANDPOINT, WHAT PAYERS AND PROVIDERS MUST DO TO AUTOMATE THE PRIOR AUTHORIZATION PROCESS, CONDUCTED A NEEDS ASSESSMENT TO DETERMINE WHAT STAKEHOLDERS WOULD REQUIRE TO AUTOMATE PRIOR AUTHORIZATION, AND PRODUCED A FINAL REPORT THAT INCLUDED NEHI AND MHDC'S RECOMMENDATIONS ("ADVANCING PRIOR AUTHORIZATION AUTOMATION ACROSS MASSACHUSETTS") IN APRIL 2023, FOLLOWED BY A WEBINAR IN MAY 2023 TO DISSEMINATE THE PROJECT WORK AND RECOMMENDATIONS.
ALZHEIMER'S DISEASE:NEHI RECEIVED PROJECT SPONSORSHIPS FROM ELI LILLY & COMPANY AND FROM EISAI INC. FOR A PROJECT THAT FOCUSED ON THE WIDE ARRAY OF INNOVATIONS EMERGING TO SCREEN INDIVIDUALS FOR DEMENTIA AND CONDUCT FOLLOW-UP ASSESSMENTS OF BRAIN HEALTH. THE PROJECT ENTAILED A SERIES OF EXPERT INTERVIEWS AND AN EXPERT DISCUSSION ROUNDTABLE HELD IN WASHINGTON, D.C. ON MAY 23 AT THE KAISER PERMANENTE CENTER FOR TOTAL HEALTH . EXPERTS CONSULTED BY NEHI INCLUDED SENIOR EXECUTIVES AT LEADING NATIONAL ORGANIZATIONS OF FAMILY PHYSICIANS, GERONTOLOGISTS, GERIATRICIANS AND OTHER CLINICAL PROFESSIONALS; PATIENT ADVOCATES; AND DEVELOPERS OF NEW DIGITAL DEVICES, ARTIFICIAL INTELLIGENCE APPLICATIONS AND LABORATORY TESTS THAT AIM AT DEMENTIA DETECTION. FINDINGS FROM NEHI'S RESEARCH AND INTERVIEWS FORM THE BASIS OF A FINAL REPORT THAT NEHI PUBLISHED ON SEPTEMBER 19, 2024, DETECTING DEMENTIA: EMERGING INNOVATIONS AND THEIR IMPLICATIONS FOR AMERICAN ADULTS AND THEIR HEALTH CARE. THE NEHI REPORT INCLUDES A SERIES OF RECOMMENDATIONS FOR UPTAKE OF INNOVATIONS THAT WILL ENABLE EFFICIENT AND AFFORDABLE DETECTION OF DEMENTIA AT A GREATER SCALE THAN COMMONLY OBSERVED TODAY.
CHCF PRIOR AUTHORIZATION:NEHI WAS FUNDED BY THE CALIFORNIA HEALTH CARE FOUNDATION (AN INDEPENDENT, NONPROFIT PHILANTHROPY THAT WORKS TO IMPROVE THE HEALTH CARE SYSTEM SO THAT ALL CALIFORNIANS HAVE THE CARE THEY NEED) TO GATHER AN ADVISORY GROUP OF CALIFORNIA PAYERS, PROVIDERS, CONSUMER ADVOCATES, AND POLICYMAKERS TO UNDERSTAND THE TOP ISSUES AROUND THE PRIOR AUTHORIZATION PROCESS AND MAKE RECOMMENDATIONS ON PRAGMATIC AND FEASIBLE SOLUTIONS TO ADDRESS THESE ISSUES. TO COMPLETE THIS WORK, NEHI DEVELOPED AN INTERIM REPORT, DETAILING CALIFORNIA'S HEALTH CARE LANDSCAPE AS WELL AS FEDERAL, STATE, AND VOLUNTARY PRIOR AUTHORIZATION REFORM EFFORTS OVER THE PAST DECADE AND CONDUCTED A STAKEHOLDER ASSESSMENT AMONG CALIFORNIA PAYERS, PROVIDERS, CONSUMER ADVOCATES, AND STATE AGENCIES TO COLLATE AND DESCRIBE THE TOP ISSUES ASSOCIATED WITH PRIOR AUTHORIZATION. NEHI ALSO DEVELOPED A FINAL REPORT DETAILING CONSIDERATIONS AND RECOMMENDATIONS FOR CALIFORNIA TO IMPROVE ITS PRIOR AUTHORIZATION PROCESS AND PLANNED A WEBINAR TO DISSEMINATE ITS WORK. NEHI ENGAGED THE MASSACHUSETTS HEALTH DATA CONSORTIUM AS A CONSULTANT THROUGHOUT THIS WORK TO PROVIDE TECHNICAL EXPERTISE AND FEEDBACK ON RECOMMENDATIONS TO AUTOMATE THE PRIOR AUTHORIZATION PROCESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nora Dennis MD Msph Director (until 2/7/23) | Trustee | 1 | $0 |
Michael Apkon MD PHD MBA Director | Trustee | 1 | $0 |
Michael Sherman MD MBA Ms Director | Trustee | 1 | $0 |
Christina Severin MPH Director | Trustee | 1 | $0 |
Taft Parsons III MD Director (since 2/7/23) | Trustee | 1 | $0 |
Andrew Shin JD MPH MBA Director (since 8/8/23) | Trustee | 1 | $0 |
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 | $923,337 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $923,337 |
Total Program Service Revenue | $527,500 |
Investment income | $5,105 |
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 | $1,518,352 |
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. | $504,818 |
Compensation of current officers, directors, key employees. | $52,371 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $625,789 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $71,598 |
Payroll taxes | $76,879 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $128,081 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,015 |
Advertising and promotion | $14,402 |
Office expenses | $35,200 |
Information technology | $22,974 |
Royalties | $0 |
Occupancy | $23,507 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $34,297 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $35,504 |
Insurance | $5,338 |
All other expenses | $0 |
Total functional expenses | $1,660,111 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $149,594 |
Savings and temporary cash investments | $412,214 |
Pledges and grants receivable | $605,000 |
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 | $18,279 |
Net Land, buildings, and equipment | $64,897 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $150,102 |
Total assets | $1,400,086 |
Accounts payable and accrued expenses | $185,323 |
Grants payable | $0 |
Deferred revenue | $967,500 |
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 | $224,579 |
Total liabilities | $1,377,402 |
Net assets without donor restrictions | -$1,275,429 |
Net assets with donor restrictions | $1,298,113 |
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 | $1,400,086 |