Arkansas Foundation For Medical Care Inc
- Assets
- $40.0m
- Revenue
- $41.5m
- Investments
- $0.0
- Employees
- 373
- Location
- Fort Smith, AR
- Founding
- 05/2016
- Data as of
- 06/2023
- EIN
- 23-7237381
Organization Overview
Arkansas Foundation For Medical Care Inc is located in Fort Smith, AR. The organization was established in 2016. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 06/2023, Arkansas Foundation For Medical Care Inc employed 373 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Foundation For Medical Care 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 06/2023, Arkansas Foundation For Medical Care Inc generated $41.5m 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 $41.1m during the year ending 06/2023. While expenses have increased by 6.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARKANSAS FOUNDATION FOR MEDICAL CARE, INC. DEVELOPS AND PROMOTES COOPERATIVE QUALITY IMPROVEMENT PROJECTS INVOLVING HOSPITALS, NURSING HOMES, HOME HEALTH AGENCIES, PHYSICIANS, AND OTHER STAKEHOLDERS IN ORDER TO IMPROVE THE DELIVERY, QUALITY, AND COST-EFFECTIVENESS OF HEALTH CARE PROVIDED FOR MEDICARE AND MEDICAID BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DPSQA INSPECTION OF CARE (IOC)THE STATE'S DHS DIVISION OF PROVIDER SERVICES & QUALITY ASSURANCE (DPSQA) IOC CONTRACT WITH AFMC CONTINUES TO CONSIST OF THREE TYPES OF REVIEWS: HEALTH AND SAFETY, QUALITY OF CARE AND INSPECTION OF CARE (INCLUDING INTENSIVE VISITS WITH DIVISION OF YOUTH SERVICES FACILITIES). THROUGH THIS WORK, WE ENSURE PROGRAM SERVICE PROVIDERS MEET THEIR MEDICAID PARTICIPATION REQUIREMENTS AND THEIR CLIENTS ARE RECEIVING QUALITY SERVICES. OUR IOC TEAM IS FIELD-BASED AND SCATTERED ACROSS THE STATE.
ARKANSAS MEDICAID REVIEW - OUR CLINICAL REVIEW TEAM, BASED IN OUR FORT SMITH OFFICE, PERFORMS UTILIZATION REVIEW FOR THE STATE'S MEDICAID PROGRAM. THROUGH DILIGENTLY APPLYING MEDICAL NECESSITY REVIEW PROTOCOLS AND EXPERTISE, THIS TEAM SAVED THE STATE OF ARKANSAS APPROXIMATELY $17 MILLION LAST YEAR THROUGH THIS CONTRACT. PROVIDED REVIEW SERVICES AS REQUIRED BY CONTRACT:PRIOR AUTHORIZATION OF ASSISTANT SURGEON - 552PRIOR AUTHORIZATION OF MUMPS - 7,195PRIOR AUTHORIZATION OF DME - 29,308TARGETED CASE MANAGEMENT REVIEW - 0PHYSICIAN DRUG REVIEW - 4,895RETRO EMERGENCY ROOM REVIEW - 47,249RETRO INPATIENT REVIEW - 34,709OUT OF STATE - 101EMERGENCY MEDICAID NON-COVERED - 132EXTENSION OF BENEFIT/MOLECULAR PATHOLOGY REVIEW - 44,668MOLECULAR PATHOLOGY - 6,197ORGAN TRANSPLANT REVIEW - 69PVT OPTION REVIEWS - 4NICU -0THERAPY PERSONAL CARE - 0PRIVATE DUTY NURSING - 314SUSPENDED CLAIMS - 911AMBULANCE - 500EPSDT - 7LONG TERM CARE - 0FORMULA - 0MEDICAL SUPPLIES - 244APPEAL HEARINGS - 132
MCAID BENEFICIARY RELATIONS & NET ADMINISTRATION CONTRACT / CALL CENTER SERVICESTHROUGH THIS CONTRACT, WE HAVE THREE STATE AGENCIES THAT AVAIL THEMSELVES OF AFMC'S CALL CENTER SERVICES WITH THEIR CLIENTS: DIVISION OF COUNTY OPERATIONS (DCO); DIVISION OF MEDICAL SERVICES (DMS); AND DIVISION OF AGING, ADULT & BEHAVIORAL HEALTH SERVICES (DAABHS). THROUGH THE DELIVERABLES OF THIS CONTRACT, WE OFFER SERVICES TO CLIENTS RECEIVING BENEFITS THROUGH THE STATE'S MEDICAID PROGRAM AND TO CLIENTS SEEKING MENTAL HEALTH, SUBSTANCE USE, OR OPIOID USE DISORDER ASSISTANCE. OUR MISSION IS TO PROVIDE VALUABLE CUSTOMER SERVICE FOR ALL INDIVIDUALS WHO ARE ELIGIBLE FOR SERVICES THROUGH ARKANSAS MEDICAID PROGRAM. WE WILL SERVE OUR INTERNAL AND EXTERNAL CUSTOMERS WITH CUSTOMIZED AND ACCOMPLISHED SERVICE WITHIN OUR INDUSTRY BY ACCELERATING EXTRAORDINARY GROWTH AND SUSTAINABLE PROFITABILITY WITH EXPERIENCED CUTTING-EDGE STANDARDS. WE SHAPED OUR MISSION TO PROVIDE ACCURATE AND PRECISE INFORMATION ABOUT MEMBER'S HEALTH CARE COVERAGE. WE DEMONSTRATE OUR MISSION BY METICULOUSLY EDUCATING OUR MEMBERS AND RESOLVING THEIR INQUIRIES WHILE ENHANCING AND EXCEEDING THEIR OVERALL EXPECTED INTENTIONS, SUCH AS PROVIDING INFORMATION ABOUT ENROLLMENT TO THEIR HEALTH PLAN, WHICH SPECIFICALLY FITS THEIR CATEGORY. THIS CONTRACT CONTINUES TO GROW WHILE MEETING ALL DELIVERABLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Potts MD MPH Bod | Trustee | 1 | $0 |
Alan Wilson MD Vice Chairman | OfficerTrustee | 1 | $9,950 |
Jane Sneed MD Secretary | OfficerTrustee | 1 | $10,100 |
Danny Wilkerson MD Chairman Of Board | OfficerTrustee | 1 | $18,400 |
Angie Walker Bod | Trustee | 1 | $11,750 |
Christopher S Hardin Bod | Trustee | 1 | $3,528 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
V-k Group Inc Temporary Staffing | 6/29/23 | $5,199,585 |
Bluip Customer Relationship Mgmt | 6/29/23 | $1,080,455 |
Salesforcecom Inc Customer Relationship Mgmt | 6/29/23 | $799,761 |
Client First Staffing Temporary Staffing | 6/29/23 | $753,524 |
Skills Unlimited Temporary Staffing | 6/29/23 | $317,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,792,939 |
| 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 | $33,792,939 |
| Total Program Service Revenue | $6,993,900 |
| Investment income | $472,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $124,147 |
| Net Gain/Loss on Asset Sales | $107,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,491,299 |
| 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. | $2,684,272 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,310,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,044,382 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,669,552 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $624,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $41,073,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,412,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,721,066 |
| 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 | $1,037,598 |
| Net Land, buildings, and equipment | $8,335,449 |
| Investments—publicly traded securities | $14,444,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,950,911 |
| Accounts payable and accrued expenses | $3,023,124 |
| 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 | $3,023,124 |
| Net assets without donor restrictions | $36,927,787 |
| 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 | $39,950,911 |
Grants Awarded
Over the last fiscal year, Arkansas Foundation For Medical Care Inc has awarded $7,630 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS FOODBANK NETWORK PURPOSE: CHARITABLE CONTRIBUTION | $500 |
UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
SECOND BAPTIST CHURCH PURPOSE: CHARITABLE CONTRIBUTION | $55 |
CHILDREN'S EMERGENCY SHELTER PURPOSE: CHARITABLE CONTRIBUTION | $500 |
COMPREHENSIVE JUVENILE SERVICES PURPOSE: CHARITABLE CONTRIBUTION | $500 |
OUR HOUSE INC PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |