Specialty Healthcare Benefits Council Inc is located in Englewodd, NJ. The organization was established in 2002. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Specialty Healthcare Benefits Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO BALANCE VALUE AS WE ENCOURAGE THE USE OF SPECIALTY HEALTHCARE PRODUCTS AND SERVICES TO IMPROVE THE HEALTH OF OUR SOCIETY. AS THE NEED FOR SPECIALTY HEALTHCARE BENEFITS INCREASES, THERE IS A PARALLEL RESPONSIBILITY TO ENSURE UTILIZATION IS APPROPRIATE AND CLINICALLY SOUND. BY BRINGING TOGETHER THE COMMUNITY OF STAKEHOLDERS, WE HOPE TO PROVIDE A PATHWAY TO ALLOW SUSTAINABLE USE OF THESE PRODUCTS AND TO DEFINE FUTURE BENEFIT OPTIONS, DISTRIBUTION SYSTEMS, AND MANAGEMENT TOOLS WHILE WEAVING TOGETHER THE BENEFIT SYSTEMS THAT WILL DELIVER THE RIGHT CARE TO THE RIGHT PATIENT AT THE RIGHT TIME. OUR MEMBERS RECOGNIZE THE USE OF THESE PRODUCTS MAY BE SUSTAINED ONLY WHEN VALUE IS CLEARLY IDENTIFIED. WE SEEK VALUE BY BALANCING THE TRIANGLE OF COST, ACCESS, AND QUALITY FOR THESE PRODUCTS. AS A NONPROFIT ORGANIZATION, WE PROVIDE A FORUM FOR COLLABORATION AMONG PAYERS, VENDORS, AND DISTRIBUTORS IN A DYNAMIC MARKETPLACE. WE DO NOT ENDORSE INDIVIDUAL PRODUCTS OR COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL SEEKS TO FOSTER INTERDISCIPLINARY COLLABORATION AND INFORMATION EXCHANGE IN THE P&T PROCESS. WE SUPPORT EVIDENCE-BASED FORMULARY DEVELOPMENT AND IMPLEMENTATION ACROSS ALL PRACTICE SETTINGS AS KEY ELEMENTS IN VALUE-BASED DESIGN. WE EVALUATE BEST PRACTICES IN P&T ORGANIZATION, PROCESS AND OUTCOMES, AND SHARE WHAT WE LEARN WITH ALL INTERESTED PARTIES. THE BOARD OF TRUSTEES HAS IDENTIFIED SIX STRATEGIC OBJECTIVES FOR THE SOCIETY: 1) SERVE AS A CLEARINGHOUSE AND RESOURCE CENTER TO ENCOURAGE THE EXCHANGE OF INFORMATION NECESSARY FOR THE SUCCESS OF OUR MEMBERS' EFFORTS. 2) ENHANCE THE KNOWLEDGE AND EXPERTISE OF OUR MEMBERS THROUGH CONTINUING EDUCATION AND TRAINING PROGRAMS. 3) SERVE AS A FOCAL POINT FOR POLICY STATEMENTS ON ISSUES OF CONCERN FOR MEMBERS AND THE PUBLIC. 4)DEVELOP PRACTICAL TOOLS THAT ENHANCE OR SIMPLIFY THE P&T COMMITTEE PROCESS. 5) ESTABLISH A FORUM FOR COLLABORATION AMONG ALL HEALTH CARE PROFESSIONALS AND OTHERS INVOLVED IN THE P&T PROCESS. 6) PROMOTE THE USE OF EVIDENCE-BASED TOOLS IN ALL ASPECTS OF BENEFIT DESIGN, FORMULARY DEVELOPMENT AND IMPLEMENTATION.
THE COUNCIL SEEKS TO FOSTER INTERDISCIPLINARY COLLABORATION AND INFORMATION EXCHANGE IN THE P&T PROCESS. WE SUPPORT EVIDENCE-BASED FORMULARY DEVELOPMENT AND IMPLEMENTATION ACROSS ALL PRACTICE SETTINGS AS KEY ELEMENTS IN VALUE-BASED DESIGN. WE EVALUATE BEST PRACTICES IN P&T ORGANIZATION, PROCESS AND OUTCOMES, AND SHARE WHAT WE LEARN WITH ALL INTERESTED PARTIES. THE BOARD OF TRUSTEES HAS IDENTIFIED SIX STRATEGIC OBJECTIVES FOR THE SOCIETY: 1) SERVE AS A CLEARINGHOUSE AND RESOURCE CENTER TO ENCOURAGE THE EXCHANGE OF INFORMATION NECESSARY FOR THE SUCCESS OF OUR MEMBERS' EFFORTS. 2) ENHANCE THE KNOWLEDGE AND EXPERTISE OF OUR MEMBERS THROUGH CONTINUING EDUCATION AND TRAINING PROGRAMS. 3) SERVE AS A FOCAL POINT FOR POLICY STATEMENTS ON ISSUES OF CONCERN FOR MEMBERS AND THE PUBLIC. 4)DEVELOP PRACTICAL TOOLS THAT ENHANCE OR SIMPLIFY THE P&T COMMITTEE PROCESS. 5) ESTABLISH A FORUM FOR COLLABORATION AMONG ALL HEALTH CARE PROFESSIONALS AND OTHERS INVOLVED IN THE P&T PROCESS. 6) PROMOTE THE USE OF EVIDENCE-BASED TOOLS IN ALL ASPECTS OF BENEFIT DESIGN, FORMULARY DEVELOPMENT AND IMPLEMENTATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward Pezalla Treasurer | OfficerTrustee | $0 | |
Name Not Listed President | OfficerTrustee | $0 | |
Celynda Tadlock Secretary | OfficerTrustee | $0 | |
Joseph Eichenholz Executive Di | OfficerTrustee | $0 | |
Lynn L Franzoni Director | Trustee | $0 | |
Shari Fine MD Director | Trustee | $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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $250 |
Fees for services: Accounting | $725 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,801 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $44 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,820 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,724 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,724 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $9,724 |
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 | $9,724 |
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