Health First Health Plans Inc
- Assets
- $176.4m
- Revenue
- $451.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 10/2016
- Data as of
- 09/2021
- EIN
- 47-2736029
Organization Overview
Health First Health Plans Inc is located in Rockledge, FL. The organization was established in 2016. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Health First Health Plans 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 09/2021, Health First Health Plans Inc generated $451.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $439.8m during the year ending 09/2021. While expenses have increased by 3.0% per year over the past 5 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
OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH FIRST HEALTH PLANS (HFHP) IS PRIMARILY ENGAGED IN PROMOTING THE GENERAL WELFARE OF THE COMMUNITY BY PROVIDING LOW-COST, HIGH-QUALITY HEALTH PLANS TO LOW INCOME, ELDERLY, OR UNDERSERVED PERSONS. ENROLLMENT IS OPEN TO ALL WHO QUALIFY FOR MEDICARE.HFHP'S PRIMARY PLANS ARE MEDICARE ADVANTAGE (MA) HMO WHICH OPERATE UNDER THE TRADE NAMES "HEALTH FIRST HEALTH PLANS AND "ADVENTHEALTH ADVANTAGE PLANS". MA PLANS OFFER EVERYTHING THAT TRADITIONAL MEDICARE COVERS, IN ADDITION TO GYM MEMBERSHIP AND ALLOWANCES FOR DENTAL AND VISION CARE. THE PLANS FEATURE AN EXTENSIVE NETWORK OF PROVIDERS AND COVER EMERGENCY CARE WORLDWIDE.HFHP'S PLANS ARE AVAILABLE TO MEDICARE ELIGIBLE INDIVIDUALS LIVING IN BREVARD, INDIAN RIVER, HIGHLANDS, HARDEE, VOLUSIA, SEMINOLE AND FLAGLER COUNTIES IN FLORIDA. HFHP'S PRIORITIES ARE TO INVEST INTO QUALITY IMPROVEMENT, AFFORDABILITY, AND OTHER ACTIVITIES TO IMPROVE THE HEALTH AND HEALTH CARE OF THE ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven P Johnson Chair/president/ceo Hfi | OfficerTrustee | 4 | $0 |
Drew A Rector Evp Chief Strat. Officer/vice Chair | OfficerTrustee | 4 | $0 |
Michael A Scialdone Evp/cfo Hfi/secretary/treasurer | OfficerTrustee | 4 | $0 |
Matthew F Gerrell President/sr VP CEO | OfficerTrustee | 1 | $0 |
Nicholas W Romanello ESQ Assistant Secretary | Officer | 4 | $0 |
Joshua P Pulver VP CFO Hfhp | Officer | 18 | $0 |
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 | $449,435,364 |
| Investment income | $1,542,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $826,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $451,804,198 |
| 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 | $20,513,418 |
| Pension plan accruals and contributions | $403,497 |
| Other employee benefits | $4,866,884 |
| Payroll taxes | $1,529,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $199,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,135 |
| Fees for services: Other | $23,484,314 |
| Advertising and promotion | $4,294,354 |
| Office expenses | $1,431,593 |
| Information technology | $2,479,724 |
| Royalties | $0 |
| Occupancy | $257,666 |
| Travel | $22,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,544,035 |
| Total functional expenses | $439,838,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,954,695 |
| Savings and temporary cash investments | $14,248,289 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,400,474 |
| 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 | $27,220 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $83,232,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,547,154 |
| Total assets | $176,410,066 |
| Accounts payable and accrued expenses | $35,555,512 |
| Grants payable | $0 |
| Deferred revenue | $338,040 |
| 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 | $12,763,881 |
| Total liabilities | $48,657,433 |
| Net assets without donor restrictions | $127,752,633 |
| 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 | $176,410,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baycare Health Systems Inc Clearwater, FL | $8,728,312,613 | $1,143,303,420 |
Orlando Health Medical Group Inc Orlando, FL | $107,082,552 | $364,756,876 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Health First Health Plans Inc Rockledge, FL | $176,410,066 | $451,804,198 |
Baptist Health Medical Group Inc Coral Gables, FL | $79,890,511 | $1,053,991,722 |
Baptist Health System Inc Jacksonville, FL | $559,102,542 | $264,640,326 |
Gulf Health Hospitals Inc Mobile, AL | $254,941,753 | $342,124,939 |
Pasco-Pinellas Hillsborough Community Health System Inc Wesley Chapel, FL | $576,155,358 | $369,233,182 |
Health First Shared Services Inc Rockledge, FL | $1,676,572,579 | $271,514,090 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $36,837,609 | $215,954,168 |
Anc Healthcare Inc Winter Park, FL | $120,132,251 | $8,792,601 |
Piedmont Healthcare Inc Atlanta, GA | $1,865,070,040 | $207,681,365 |