Healthcare Quality Strategies Inc
- Assets
- $11.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 47
- Location
- East Brunswick, NJ
- Founding
- 04/1985
- Data as of
- 12/2020
- EIN
- 22-2547756
Organization Overview
Healthcare Quality Strategies Inc is located in East Brunswick, NJ. The organization was established in 1985. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Healthcare Quality Strategies Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Quality Strategies 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 12/2020, Healthcare Quality Strategies Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $5.4m during the year ending 12/2020. 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
MONITOR THE QUALITY OF HEALTHCARE IN NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT REVIEW SERVICES HQSI CONTRACTS WITH BOTH PAYORS AND INSURERS TO CONDUCT MEDICAL NECESSITY REVIEWS. REVIEWS ARE CONDUCTED ON A FEE FOR SERVICE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jane Brubaker CEO | Officer | 40 | $327,581 |
Andrew Miller Medical Director | 40 | $256,885 | |
Rober Biener VP National Client Partnership | 40 | $175,678 | |
Valerie Aiello VP Healthcare | 40 | $142,952 | |
Ya-Ping Su Director, Quality Improvem | 40 | $119,808 | |
Brian Chait Director It | 40 | $108,890 |
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 | $2,977,869 |
| Investment income | $331,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,252,425 |
| 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. | $473,032 |
| Compensation of current officers, directors, key employees. | $275,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,948,603 |
| Pension plan accruals and contributions | $96,052 |
| Other employee benefits | $380,334 |
| Payroll taxes | $191,906 |
| Fees for services: Management | $310,592 |
| Fees for services: Legal | $25,525 |
| Fees for services: Accounting | $93,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,251 |
| Fees for services: Other | $641,114 |
| Advertising and promotion | $0 |
| Office expenses | $233,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $358,079 |
| Travel | $7,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,701 |
| Insurance | $119,823 |
| All other expenses | $0 |
| Total functional expenses | $5,369,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630 |
| Savings and temporary cash investments | $559,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $563,713 |
| 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 | $742,383 |
| Net Land, buildings, and equipment | $37,512 |
| Investments—publicly traded securities | $8,586,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,172,399 |
| Total assets | $11,662,499 |
| Accounts payable and accrued expenses | $464,384 |
| 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 | $985,710 |
| Total liabilities | $1,450,094 |
| Net assets without donor restrictions | $10,212,405 |
| 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 | $11,662,499 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Healthcare Quality Strategies Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Area Vii Physicians Review Organization Inc East Brunswick, NJ PURPOSE: MANAGEMENT PROGRAM/2020 HQSI PROJECT WITH THE PROVIDER. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
North Shore-Lij Alliance Inc Westbury, NY | $6,390,042 | $18,631,414 |
St Josephs Health Center Properties Inc Syracuse, NY | $53,413,758 | $12,721,851 |
Keystonecare Wyndmoor, PA | $1,598,265 | $10,722,936 |
Nyu Langone Health System New York, NY | $245,971,553 | $8,933,478 |
Saint Barnabas Realty Development Corporation Oceanport, NJ | $105,536,952 | $4,843,393 |
Organon Patient Assistance Program Inc Jersey City, NJ | $0 | $8,297,106 |
Montefiore Hospital Housing Section Ii Inc Bronx, NY | $12,841,652 | $6,647,600 |
Healthcare Quality Strategies Inc East Brunswick, NJ | $11,662,499 | $3,252,425 |
Hudson Center For Health Equity And Quality Inc Tarrytown, NY | $2,027,375 | $2,100,690 |
Greater Newark Health Care Coalition Inc West Orange, NJ | $3,098,945 | $4,640,919 |
Hunterdon Urgent Care Pc Flemington, NJ | $1,053,306 | $4,672,476 |