Caresource West Virginia Co

Organization Overview

Caresource West Virginia Co is located in Dayton, OH. The organization was established in 2017. 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. Caresource West Virginia Co 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, Caresource West Virginia Co generated $70.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.3% each year . All expenses for the organization totaled $70.4m during the year ending 12/2021. While expenses have increased by 51.0% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE A LASTING DIFFERENCE IN OUR MEM- BERS' LIVES BY IMPROVING THEIR HEALTH AND WELL-BEING. CARESOURCE WEST VIRGINIA CO IS A NONPROFIT HMO LICENSED BY THE STATE OF WEST VIRGINIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CARESOURCE WEST VIRGINIA CO. ("CSWV") IS A NONPROFIT ORGANIZATION ESTABLISHED UNDER THE STATE LAW OF WEST VIRGINIA. ON AUGUST 30, 2017, CSWV RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE, RECOGNIZING CSWV AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EFFECTIVE AS OF THE DATE OF CSWV'S FORMATION. CSWV IS A MEMBER OF THE CARESOURCE GROUP OF NONPROFIT ORGANIZATIONS (THE "CARESOURCE GROUP"). THE MISSION OF THE CARESOURCE GROUP IS TO MAKE A LASTING DIFFERENCE IN ITS MEMBERS' LIVES BY IMPROVING THEIR HEALTH AND WELL-BEING. CSWV FIRMLY ADHERES TO THIS MISSION, WHICH IT TERMS AS THE ORGANIZATION'S "HEARTBEAT," BY PROVIDING SERVICES THAT GO WELL BEYOND THE DELIVERY OF MEDICAL BENEFITS. CSWV IS ACCREDITED FOR ITS QUALIFIED HEALTH PLAN ("QHP") THROUGH THE NATIONAL COMMITTEE FOR QUALITY ASSURANCE ("NCQA"). ACCREDITATION IS THE MOST COMPREHENSIVE EVALUATION IN THE INDUSTRY AND THE ONLY ASSESSMENT THAT BASES RESULTS ON CLINICAL PERFORMANCE AND CONSUMER EXPERIENCE. IN ADDITION TO OUR COMMITMENT TO QUALITY CARESOURCE OFFERS ADDITIONAL CASE MANAGEMENT SERVICES FOR MEMBERS AT RISK FOR SUBSTANCE USE DISORDER, AND IN A PARTNERSHIP WITH THE WEST VIRGINIA DEPARTMENT OF EDUCATION, IS WORKING TO DEVELOP A SUBOXONE EDUCATION PROGRAM FOR THE STATE'S EDUCATORS AND SCHOOL NURSES. CSWV FOCUSES ON PREVENTION WITH A GOAL OF IMPROVING MEMBER HEALTH, THE QUALITY OF HEALTH CARE SERVICES RECEIVED, AND ACCESSIBILITY OF HEALTH CARE SERVICES FOR ITS MEMBERS. THIS IS DONE THROUGH AN INNOVATIVE HEALTH AND WELLNESS METHODOLOGY. CSWV HAS BUILT A HIGH-PERFORMING PROVIDER NETWORK TO OPERATE AS A HEALTH MAINTENANCE ORGANIZATION ("HMO"). THIS PROVIDER NETWORK RELIES HEAVILY UPON FEDERALLY QUALIFIED HEALTH CENTERS ("FQHCS"). FQHCS ARE GENERALLY HEALTH CARE PROVIDERS THAT HAVE BEEN RECOGNIZED BY THE FEDERAL GOVERNMENT AS PROVIDING CARE TO POPULATIONS THAT HAVE LIMITED ACCESS TO MEDICAL TREATMENT DUE TO CONDITIONS SUCH AS POVERTY AND GEOGRAPHIC LOCATION. CARESOURCE WEST VIRGINIA'S QHP ON THE HEALTH INSURANCE MARKETPLACE PRIMARILY SERVES LOW-INCOME INDIVIDUALS AND WAS DESIGNED FOR THOSE LOW-INCOME ADULTS WHO ARE RECENTLY UNINSURED OR HAVE NEVER BEEN INSURED. THE PLAN IS AFFORDABLE, WITH A MAJORITY OF MEMBERS QUALIFYING FOR SUBSIDIES TO LOWER THEIR MONTHLY PREMIUMS OR OUT OF POCKET COSTS. MEMBERS HAVE THE CHOICE OF BUYING PLANS WITH ONLY THE ESSENTIAL HEALTH BENEFITS, OR ONES THAT ALSO INCLUDE ADULT DENTAL, VISION, AND FITNESS SUPPLEMENTAL BENEFITS. MEMBERS CAN ALSO RECEIVE ASSISTANCE THROUGH CSWV'S MANY PROGRAMS DESIGNED TO REMOVE BARRIERS TO HEALTH AND WELL-BEING. CSWV CAN, THEREFORE, FURTHER ITS MISSION AS A MEANS OF IMPROVING THE HEALTH AND WELL-BEING OF WEST VIRGINIA'S LOW-INCOME POPULATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Express Scripts Inc
Pharmacy Services
$11,324,439
Dentaquest Group Inc
Medical Services
$112,230
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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$70,165,308
Investment income $28,280
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 $70,193,588

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