Blue Care Network Of Michigan
- Assets
- $2.6b
- Revenue
- $4.2b
- Investments
- $200.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 38-2359234
Organization Overview
Blue Care Network Of Michigan is located in Detroit, MI. The organization was established in 1981. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. Blue Care Network Of Michigan 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 12/2022, Blue Care Network Of Michigan generated $4.2b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $4.2b during the year ending 12/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BLUE CARE NETWORK PROVIDES HEALTH CARE SERVICES TO SUBSCRIBERS THROUGH CONTRACTS IT HAS ENTERED INTO WITH VARIOUS PHYSICIAN GROUPS, HOSPITALS, AND OTHER HEALTH CARE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BCN'S PROGRAM SERVICE ACCOMPLISHMENTS SUPPORT PEOPLE HELPING PEOPLE TO PROMOTE HEALTH AND PEACE OF MIND THROUGH HIGH QUALITY CARE AND SERVICE, PARTNERING TO MANTAIN AND IMPROVE HEALTH. BCN 2022. HEALTH CARE SERVICES-MEMBER BASED AS WELL AS FEE-FOR-SERVICE, 663,057 MEMBERS AND 6,906,839 AMBULATORY ENCOUNTERS. 2022 COMMUNITY BENEFIT - BCN PARTIPATED IN NEARLY 36 SEPARATE ACTIVITIES, TOTALING OVER 243,000 THROUGH COMMUNITY OUTREACH AND CHARITABLE CONTRIBUTIONS TO BENEFIT THE GENERAL PUBLIC AND SUPPORT WELLNESS, INCLUDING CONNECTIONS WITH INDIVIDUALS AND SMALL BUSINESSES, SUPPORTING MULTIPLE HEALTH INITIATIVES. 2022 SOCIAL MISSION AND PUBLIC AFFAIRS - BCN IS COMMITTED TO IMPROVE THE HEALTH OF MICHIGAN RESIDENTS, WITH SPECIAL EMPHASIS ON THE HEALTH AND WELLNESS OF CHILDREN AND SENIORS, WHILE REDUCING THE COST OF HEALTH CARE PROACTIVE INITIATIVES INCLUDE NUTRITION AND HEALTHY LIFESTYLES, HEALTHY AGING AND MENTAL HEALTH PRINCIPLES INCLUDE EMPOWERING INDIVIDUALS AND COMMUNITIES TO TAKE ACTIVE ROLES IN CREATING A CULTURE OF HEALTH AND PROVIDING LEADERSHIP AS AN INFORMED CONVENER & EDUCATOR TO HELP RAISE AWARENESS AND UNDERSTANDING OF IMPORTANT HEALTH ISSUES AND EFFECTIVE APPROACHES.
PROGRAM EXPENSES RELATED TO SELF-FUNDED BUSINESS AS A RESULT OF A RECENT CHANGE IN THE MICHIGAN INSURANCE CODE. HEALTH MAINTENANCE ORGANIZATIONS ARE PERMITTED TO DIRECTLY CONTRACT WITH GROUPS TO ADMINISTER SELF-FUNDED GROUP HEALTH PLANS. EFFECTIVE JANUARY 1, 2018 BCN BEGAN PROVIDING ADMINISTERING SERVICE ONLY (ASO) PLANS THAT ARE SUBSTANTIALLY RELATED TO BCN'S EXEMPT PURPOSES. AS A 501(C)(4) ENTITY BCN IS PROVIDING THE SAME CLAIMS PROCESSING, ADMINISTRATIVE SERVICES AND PROVIDER NETWORK FOR ITS ASO CUSTOMERS AS IT DOES FOR THE UNDERWRITTEN CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed VP & Pres & CEO Bcn | OfficerTrustee | 23 | $0 |
Name Not Listed Director & Officer - Evp & CFO | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 1 | $69,275 |
Name Not Listed Director | Trustee | 1 | $34,572 |
Name Not Listed Director | Trustee | 2 | $63,130 |
Name Not Listed Director | Trustee | 1 | $71,039 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regents Of The University Of Michigan Health Care | 12/30/22 | $529,313,788 |
Henry Ford Health System Health Care | 12/30/22 | $139,624,836 |
Spectrum Health Hospitals Health Care | 12/30/22 | $138,511,037 |
William Beaumont Hospital Health Care | 12/30/22 | $124,240,331 |
St Joseph Mercy Hospital Health Care | 12/30/22 | $104,284,227 |
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 | $4,198,253,676 |
| Investment income | -$45,025,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $768,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,153,996,666 |
| 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 | $3,639,672,391 |
| Compensation of current officers, directors, key employees. | $286,221 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,938,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,652,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,942,009 |
| Fees for services: Accounting | $26,959,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,589,328 |
| Office expenses | $9,759,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,653,539 |
| Travel | $2,367,005 |
| 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 | $57,905,788 |
| Insurance | $2,704,790 |
| All other expenses | $20,760,396 |
| Total functional expenses | $4,241,941,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,821,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,159,000 |
| 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 | $2,275,004,151 |
| Investments—other securities | $200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,627,985,022 |
| Accounts payable and accrued expenses | $409,661,230 |
| Grants payable | $0 |
| Deferred revenue | $107,907,176 |
| 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 | $50,044,625 |
| Other liabilities | $366,906,667 |
| Total liabilities | $934,519,698 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $152,249,736 |
| Retained earnings, endowment, accumulated income, or other funds | $1,541,205,588 |
| Total liabilities and net assets/fund balances | $2,627,985,022 |