Virginia Cardiac Services Quality Initiative

Organization Overview

Virginia Cardiac Services Quality Initiative is located in South Riding, VA. The organization was established in 2004. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Cardiac Services Quality Initiative 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, Virginia Cardiac Services Quality Initiative generated $228.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $171.0k during the year ending 12/2021. While expenses have increased by 7.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

VCSQI'S MISSION IS TO TRANSFORM CARDIOVASCULAR CARE TO IMPROVE PATIENT EXPERIENCE AND VALUE. VIA OUR MULTIDISCIPLINARY NETWORK OUR MEMBERS COLLABORATE TO IMPROVE THE QUALITY OF CARE DELIVERED TO PATIENTS WHILE REDUCING COSTS FOR HOSPITALS AND PAYORS. SIGNIFICANT ACHIEVEMENTS INCLUDE THE CREATION OF OUR MULTI-INSTITUTIONAL NETWORK OF CARDIAC SURGERY AND CARDIOLOGY PRACTICES OVER 60 PEER-REVIEWED PUBLICATIONS AND FIVE STATEWIDE INITIATIVES TO OPTIMIZE HEART CARE OUTCOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEETING EXPENSES AND COLLABORATIVE INFRASTRUCTURE: REGULAR MEETINGS ARE HELD TO EDUCATE SURGEONS CARDIOLOGISTS NURSES DATABASE MANAGERS AND OTHER QUALITY IMPROVEMENT STAFF FROM HOSPITAL MEMBERS. MULTIPLE RESEARCH STUDIES AND QUALITY IMPROVEMENT PROJECTS WERE UNDERTAKEN WITH THE GOAL OF EXCHANGING INFORMATION FOR IMPROVING SURGICAL QUALITY AND LOWERING COSTS. QUARTERLY MEETINGS ARE HELD FOR THE QUALITY COMMITTEE BOARD OF DIRECTORS AND ENTIRE CONSORTIUM. BEST PRACTICES FROM THE GROUP ARE SHARED AND GUEST SPEAKERS FROM AROUND THE NATION ARE INVITED TO PRESENT FINDINGS OF THEIR RESEARCH. MONTHLY CHECK-IN MEETINGS ARE HELD WITH MEMBERS TO REVIEW DATA AND PROGRESS WITH IMPLEMENTING INITIATIVES.


INDEPENDENT CONTRACTORS: THESE EXPENSES CORRESPOND TO MONTHLY PAYMENTS FOR THE EXECUTIVE DIRECTOR'S AND QUALITY IMPROVEMENT ADVISOR'S SERVICES ALONG WITH THE EXPENSES INCURRED BY THE GROUP'S WEBMASTER AND VIDEOGRAPHER FOR SERVICES RENDERED ONLINE DURING CONFERENCE CALLS AND ONLINE MEETINGS AND AT IN-PERSON MEETINGS. THE TIME OF THE EXECUTIVE DIRECTOR AND QUALITY IMPROVEMENT ADVISOR IS PRIMARILY DEVOTED TO HELP VCSQI MEMBERS CONVENE AND ACCOMPLISH THE BOARD'S STATED OBJECTIVES. DELIVERABLES AND RESPONSIBILITIES INCLUDE THE FOLLOWING: DATABASE STEWARDSHIP FOR BOTH SOCIETY OF THORACIC SURGEONS AND AMERICAN COLLEGE OF CARDIOLOGY REGISTRIES; DATA ANALYSIS; COMMUNICATIONS AND OUTREACH; CONVENING COMMITTEE AND BOARD MEETINGS; OVERSEEING THE ANGIOGRAM REVIEW PROCESS; AND ADMINISTRATIVE DUTIES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$217,313
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$217,313
Total Program Service Revenue$0
Investment income $10,858
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 $228,171

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