Mdwise Inc
- Assets
- $465.4m
- Revenue
- $1.6b
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 35-1931354
Organization Overview
Mdwise Inc is located in Indianapolis, IN. The organization was established in 1995. 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. Mdwise Inc 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 12/2021, Mdwise Inc generated $1.6b 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 $1.5b during the year ending 12/2021. While expenses have increased by 5.8% 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.
Since 2014, Mdwise Inc has awarded 36 individual grants totaling $986,142. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MDWISE IS A NOT-FOR-PROFIT HEALTH MAINTENANCE ORGANIZATION CONTRACTING WITH HEALTHCARE PROVIDERS TO PROVIDE SERVICES TO ITS MEMBERS FOR TWO STATE MEDICAID PROGRAMS: HOOSIER HEALTHWISE (HHW) AND HEALTHY INDIANA PLAN (HIP)
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEGINNING JANUARY 1, 2011, MDWISE WAS GRANTED A FOUR-YEAR CONTRACT WITH THE STATE OF INDIANA (THE "STATE"), THROUGH THE FAMILY AND SOCIAL SERVICE ADMINISTRATION ("FSSA") AND OFFICE OF MEDICAID POLICY AND PLANNING ("OMPP"), TO ARRANGE FOR AND ADMINISTER TWO RISK-BASED MANAGED CARE PROGRAMS ("HOOSIER HEALTHWISE AND "HEALTHY INDIANA PLAN") FOR CERTAIN INDIANA MEDICAID ENROLLEES. MDWISE CONTRACTS WITH VARIOUS DELIVERY NETWORKS INCLUDING THE AFFILIATED MDWISE MEDICAID NETWORK ("EXCEL"). EXCEL AND THE OTHER DELIVERY NETWORKS ACCEPT THE MEDICAL SERVICE RISK FOR ENROLLEES WHO CHOOSE A PRIMARY CARE PROVIDER AFTER SELECTING THE MDWISE NETWORK. ON JANUARY 1, 2017, THE CONTRACT WITH THE STATE OF INDIANA WAS RENEWED AND IS NOW SCHEDULED TO EXPIRE ON DECEMBER 31, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Cromer President And CEO | OfficerTrustee | 25 | $0 |
David E Mazurkiewicz Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Kendall Secretary | OfficerTrustee | 1 | $0 |
Kevin B Tompkins Chairman | OfficerTrustee | 1 | $0 |
Cheryl Diehl Assistant Treasurer And CFO | OfficerTrustee | 1 | $0 |
Patricia Hebenstreit SVP General Counsel | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vision Financial Services Vision Service Provider | 12/30/21 | $5,298,124 |
Afit Staffing Staffing Agency | 12/30/21 | $2,861,096 |
Pallas Consulting Services Llc Business Management | 12/30/21 | $867,298 |
Robailey Consulting Consulting | 12/30/21 | $814,440 |
Otava Llc Informational Services Consulting | 12/30/21 | $781,696 |
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 | $1,571,665,182 |
| Investment income | $992,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,270,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,573,928,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,920 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,176,086 |
| Pension plan accruals and contributions | $944,591 |
| Other employee benefits | $2,471,845 |
| Payroll taxes | $988,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,561 |
| Fees for services: Accounting | $492,433 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,879 |
| Fees for services: Other | $22,862,298 |
| Advertising and promotion | $658,627 |
| Office expenses | $2,724,246 |
| Information technology | $7,067,493 |
| Royalties | $0 |
| Occupancy | $1,020,677 |
| Travel | $65,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $871 |
| Interest | $10,445,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,360,103 |
| Insurance | $100,637 |
| All other expenses | $155,368 |
| Total functional expenses | $1,528,009,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $189,500,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,054,349 |
| 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 | $32,897 |
| Investments—publicly traded securities | $70,765,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $465,353,374 |
| Accounts payable and accrued expenses | $252,177,503 |
| 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 | $4,673,218 |
| Total liabilities | $256,850,721 |
| Net assets without donor restrictions | $208,502,653 |
| 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 | $465,353,374 |
Grants Awarded
Over the last fiscal year, Mdwise Inc has awarded $168,132 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTH & HOSPITAL CORP OF MARION COUNTY PURPOSE: GENERAL SUPPORT | $94,500 |
Indianapolis, IN PURPOSE: GENERAL SUPPORT | $15,000 |
Elkhart, IN PURPOSE: GENERAL SUPPORT | $13,200 |
Indianapolis, IN PURPOSE: GENERAL SUPPORT | $10,000 |
Morrison, TN PURPOSE: GENERAL SUPPORT | $10,000 |
Bloomington, IN PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincent Medical Group Inc St Louis, MO | $143,310,550 | $311,944,995 |
Group Health Cooperative Of South Central Wi Madison, WI | $101,296,548 | $425,253,744 |
Quartz Health Plan Corporation Madison, WI | $73,798,914 | $332,612,093 |
Elmhurst Memorial Healthcare Elmhurst, IL | $485,802,636 | $282,855,830 |
Hshs Medical Group Inc Springfield, IL | $136,932,585 | $219,567,166 |
Physicians Health Plan Of Northern Indiana Inc Fort Wayne, IN | $94,644,511 | $196,513,216 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Cox Health Systems Insurance Company Springfield, MO | $52,773,938 | $137,904,727 |
Fairview Heights Medical Group Sc Alton, IL | $23,689,888 | $125,411,214 |
Community Care Network Inc Munster, IN | $30,410,908 | $125,321,446 |
Ascension Medical Group Promed St Louis, MO | $11,680,037 | $91,054,014 |
Community Care Health Plan Brookfield, WI | $28,400,717 | $108,865,323 |