Metroplus Health Plan Inc
- Assets
- $1.6b
- Revenue
- $3.9b
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 13-4115686
Organization Overview
Metroplus Health Plan Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, 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. Metroplus 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 12/2021, Metroplus Health Plan Inc generated $3.9b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.9b during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
METROPLUS PROVIDES ITS MEMBERS WITH ACCESS TO HIGH QUALITY, COST EFFECTIVE HEALTHCARE, PARTNERING WITH NYC HHC AND OTHER PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH - GENERAL AND REHABILITATIVE: PROVIDED MANAGED CARE SERVICES TO NY CITY ENROLLEES AND PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Talya Schwartz Chief Executive Officer | Officer | 35 | $457,663 |
Sanjiv Shah Chief Medical Officer | Officer | 35 | $400,511 |
Amanda Parsons Deputy Chief Medical Officer | Officer | 35 | $358,563 |
Glendon Henry Senior Medical Director | Officer | 35 | $318,284 |
Roger Milliner Chief Growth Officer | Officer | 35 | $305,906 |
Meryl Weinberg Chief Of Staff And Strategic Partnerships | Officer | 35 | $303,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dst Health Solutions Claims Processing Services | 12/30/21 | $21,595,450 |
Beacon Health Strategies Llc Behavioral Health | 12/30/21 | $19,005,354 |
Caremark Ipa Llc Pharmacy Administration | 12/30/21 | $13,814,500 |
Healthplex Inc Management Services Dental | 12/30/21 | $5,964,964 |
Finity Inc Member Rewards Program | 12/30/21 | $5,283,634 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $518,058 |
| 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 | $518,058 |
| Total Program Service Revenue | $3,883,254,881 |
| Investment income | $5,913,807 |
| 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 | $3,889,686,746 |
| 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 | $3,577,751,243 |
| Compensation of current officers, directors, key employees. | $3,922,321 |
| Compensation of current officers, directors, key employees. | $3,922,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,107,571 |
| Pension plan accruals and contributions | -$711,476 |
| Other employee benefits | $28,732,126 |
| Payroll taxes | $9,235,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $308,900 |
| Fees for services: Accounting | $507,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,711,947 |
| Advertising and promotion | $5,286,536 |
| Office expenses | $6,079,393 |
| Information technology | $2,526,115 |
| Royalties | $0 |
| Occupancy | $21,148,018 |
| Travel | $15,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,177,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,454,110 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,863,435,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,061,550 |
| Savings and temporary cash investments | $351,129,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $249,639,411 |
| 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 | $15,357,699 |
| Investments—publicly traded securities | $623,384,372 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,638,572,790 |
| Accounts payable and accrued expenses | $897,879,983 |
| Grants payable | $0 |
| Deferred revenue | $131,209,943 |
| 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 | $1,029,089,926 |
| 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 | $609,482,864 |
| Total liabilities and net assets/fund balances | $1,638,572,790 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health New England & Subsidiaries Springfield, MA | $263,944,212 | $871,340,973 |
Wellspan Medical Group York, PA | $140,592,269 | $745,783,571 |
St Lukes Physician Group Inc Allentown, PA | $77,606,071 | $634,645,551 |
Lehigh Valley Physician Group Allentown, PA | $433,846,962 | $621,243,367 |
Northeast Medical Group Inc Stratford, CT | $99,889,150 | $520,118,804 |
Amida Care Inc New York, NY | $166,110,282 | $443,931,771 |
Childrens Hospital Pediatric Associates Inc Boston, MA | $604,665,745 | $336,951,533 |
Chs Physician Partners Pc Roslyn, NY | $61,423,993 | $204,939,316 |
Tufts Medical Center Physicians Organization Inc Boston, MA | $63,599,965 | $314,022,993 |
Nuvance Health Medical Practice Ct Inc Bethel, CT | $51,472,052 | $295,023,966 |
Childrens Health Care Associates Inc Philadelphia, PA | $189,904,169 | $296,151,416 |
New York Queens Medicine And Surgery Pc Flushing, NY | $27,206,982 | $238,033,722 |