International Consortium For Health Outcomes Measurement Inc
- Assets
- $832.7k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Boston, MA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 46-0854621
Organization Overview
International Consortium For Health Outcomes Measurement Inc is located in Boston, MA. The organization was established in 2013. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2021, International Consortium For Health Outcomes Measurement Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Consortium For Health Outcomes Measurement 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 12/2021, International Consortium For Health Outcomes Measurement Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEFINE A GLOBAL STANDARD SET OF OUTCOME MEASURES THAT REALLY MATTER TO PATIENTS FOR THE MOST RELEVANT MEDICAL CONDITIONS AND DRIVE ADOPTION OF THESE MEASURES WORLDWIDE TO UNLOCK THE POTENTIAL OF VALUE-BASED HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORE OF THE ORGANIZATION'S WORK IS THE DEVELOPMENT OF INTERNATIONAL CONSORTIUM FOR HEALTH OUTCOMES MEASUREMENT, INC. (ICHOM) STANDARD SETS. ICHOM DEVELOPS THE STANDARD SETS COLLABORATIVELY, BRINGING TOGETHER LEADING PHYSICIANS, REGISTRIES AND PATIENT REPRESENTATIVES FROM ALL OVER THE GLOBE. ICHOM THEN DRIVES THE ADOPTION OF THESE STANDARDS TO ENABLE HEALTH CARE PROVIDERS GLOBALLY TO COMPARE, LEARN AND IMPROVE.FROM 2013 THROUGH 2021, ICHOM LAUNCHED 39 STANDARD SETS. IN 2022 ICHOM PLANS TO LAUNCH 3 STANDARD SETS. ICHOM FACILITATES AN EIGHT TO TWELVE-MONTH LONG PROCESS TO DEFINE A STANDARD SET OF 10 TO 15 OUTCOMES. BY 2022, THE ORGANIZATION AIMS TO HAVE COMPLETED STANDARD SETS FOR MORE THAN 65% OF THE DISEASE BURDEN AS DEFINED BY THE WORLD HEALTH ORGANIZATION.
IMPLEMENTATION SUPPORT: IN 2015, ICHOM LAUNCHED IMPLEMENTATION SUPPORT TO HELP CLINICIANS MEASURE STANDARD SETS. ICHOM HAS DESIGNED THREE SERVICES IN THE IMPLEMENTATION SUPPORT PROGRAM: FIRST, CAPACITY BUILDING SUPPORT, IN WHICH A PROVIDER ENGAGES WITH ICHOM THROUGH A SERIES OF CALLS AND VISITS TO HELP THEM BEGIN MEASURING STANDARD SETS; SECOND, IMPLEMENTATION COMMUNITIES, WHERE A GROUP OF PROVIDERS CONNECT VIA TELECONFERENCES TO DISCUSS IMPLEMENTING STANDARD SETS AND SHARED CHALLENGES (FOR INFORMATION TECHNOLOGY, CLINICIAN ENGAGEMENT, ETC.); THIRD, IMPLEMENTATION WORKSHOPS WHERE ICHOM DELIVERS 1-DAY WORKSHOPS FOCUSED ON THE STEPS NEEDED TO MAKE OUTCOMES MEASUREMENT A SUCCESS. DURING 2022, ICHOM WILL PERFORM IMPLEMENTATION SERVICES FOR 12 HOSPITAL GROUPS AND NATIONAL HEALTH SYSTEMS.
IN 2015, ICHOM ALSO LAID THE FOUNDATION TO LAUNCH AN ADDITIONAL PROGRAM: A GLOBAL BENCHMARKING PILOT PROGRAM TO HELP PROVIDERS SHARE AND COMPARE THEIR OUTCOMES (AS DEFINED BY STANDARD SETS) TO ENABLE LEARNING AND OPPORTUNITIES TO IMPROVE CARE DELIVERY. ICHOM AND ITS DATA ANALYSIS PARTNER HAVE BEEN WORKING TOGETHER TO SUPPORT THE TECHNICAL AND OPERATIONAL ASPECTS OF THAT PILOT PROGRAM. ICHOM HAS SIGNED SEVERAL CONTRACTS TO PROVIDE BENCHMARKING SERVICES TO STUDY THE OUTCOMES OF PATIENTS WITH VARIOUS CANCERS AND DISEASES. DURING 2021 THE BENCHMARKING PROCESS WAS DEVELOPED FURTHER AND FUNDING SECURED FOR EXPANSION OF THE PLATFORM.
THERE WERE CONFERENCES/WEBINARS HELD ONLINE DURING 2021 THESE EVENTS , ALONG WITH THE EDUCATION AND SPECIAL PROJECTS PROGRAMS ENGAGE ORGANIZATIONS TO LEARN ABOUT VALUE-BASED HEALTHCARE THROUGH PARTICIPATION IN SEMINARS AND WORKSHOPS THAT TEACH THE ADVANTAGES OF IMPLEMENTING IT IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Gaunt President/ceo | Officer | 40 | $320,554 |
Greg Robinson Chief Technology Officer | 40 | $132,115 | |
Michael Porter Chair | OfficerTrustee | 1 | $0 |
Martin Ingvar Treasurer | OfficerTrustee | 1 | $0 |
Stefan Larsson Director | Trustee | 1 | $0 |
James Heywood Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rucci Bardaro & Falzone Outsourced Cfo | 12/30/19 | $136,935 |
Interactive Pharma Solutions Technical Research | 12/30/19 | $125,944 |
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 | $1,393,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,393,789 |
| Total Program Service Revenue | $1,210,030 |
| Investment income | $284 |
| 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 | $2,604,103 |
| 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. | $363,388 |
| Compensation of current officers, directors, key employees. | $153,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,693,064 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,214 |
| Payroll taxes | $46,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,188 |
| Fees for services: Accounting | $71,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,626 |
| Advertising and promotion | $49,668 |
| Office expenses | $26,442 |
| Information technology | $69,398 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,000 |
| Insurance | $15,877 |
| All other expenses | $0 |
| Total functional expenses | $2,663,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,821 |
| Savings and temporary cash investments | $50,064 |
| Pledges and grants receivable | $365,536 |
| 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 | $28,326 |
| Total assets | $832,747 |
| Accounts payable and accrued expenses | $780,964 |
| Grants payable | $0 |
| Deferred revenue | $876,815 |
| 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 | $1,657,779 |
| Net assets without donor restrictions | -$825,032 |
| 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 | $832,747 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Consortium For Health Outcomes Measurement Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Eating Disorders Association Plano, TX PURPOSE: ICHOM STUDY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visiting Nurse Association Of Southeastern Connecticut Inc Waterford, CT | $35,601,025 | $17,245,104 |
Walpole Area Visiting Nurse Association Inc Walpole, MA | $9,639,737 | $11,196,875 |
Public Good Projects New York, NY | $3,040,032 | $8,988,626 |
Central New Hampshire Vna & Hospice Laconia, NH | $0 | $10,066,079 |
International Health Racquet And Sportsclub Association Boston, MA | $2,092,829 | $3,783,459 |
Global Healthy Living Foundationinc Upper Nyack, NY | $6,909,681 | $8,221,665 |
Gradian Health Systems Inc New York, NY | $21,514,567 | $7,272,178 |
Turnaround For Children Inc New York, NY | $10,240,102 | $6,726,239 |
Every Mother Counts New York, NY | $11,774,449 | $8,265,918 |
Hispanic Health Council Inc Hartford, CT | $1,344,276 | $5,849,680 |
Island Health Inc West Tisbury, MA | $3,338,593 | $5,294,538 |
Interboro Regional Health Information Organization Inc Elmhurst, NY | $6,627,400 | $5,892,590 |