Avmed Inc is located in Gainesville, FL. The organization was established in 1987. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Avmed Inc employed 596 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avmed 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 12/2021, Avmed Inc generated $800.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $821.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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 HELP OUR MEMBERS LIVE HEALTHIER BY PROVIDING HIGH QUALITY HEALTH CARE PLANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVMED PROVIDED HEALTH MAINTENANCE ORGANIZATION SERVICES TO EMPLOYERS AND INDIVIDUALS, INCLUDING SMALL EMPLOYER GROUPS AND SENIOR CITIZENS, REPRESENTING 1,012,997 MEMBER MONTHS OF NETWORK ACCESS, 1,142,086 DRUG PRESCRIPTIONS, AND 44,290 DAYS OF INPATIENT CARE. AVMED ALSO PROVIDED ADMINISTRATIVE SERVICES FOR SELF-FUNDED HEALTH CARE PLANS.IN ADDITION, AVMED PROVIDED EDUCATION, WELLNESS AND DISEASE PREVENTION, HEALTH FAIRS, DISEASE AND CHRONIC CARE MANAGEMENT, MANAGEMENT OF COMPLEX CASES, CLINICAL EDUCATION AND COORDINATION, AND OTHER HEALTH IMPROVEMENT SERVICES. AVMED IS "ACCREDITED" FOR BOTH ITS MEDICARE AND COMMERCIAL PRODUCTS FROM THE NATIONAL COMMITTEE FOR QUALITY ASSURANCE (NCQA) FOR ITS PROGRAMS OF HEALTH CARE. AVMED ANNUALLY MEASURES THE HEALTH CARE PERFORMANCE OF ITS NETWORK OF PROVIDERS THROUGH THE HEALTHCARE EFFECTIVENESS DATA AND INFORMATION SET (HEDIS) PROCESS. HEDIS INCLUDES MORE THAN 90 MEASURES ACROSS 6 DOMAINS OF CARE.AT LAST MEASUREMENT, AVMED'S RESULTS WERE RANKED AT 4 STAR OR HIGHER FOR 13 OF THE 44 HEALTH PLAN RATING MEASURES AND AT 3 STAR OR HIGHER FOR 23 OF THE 44 MEASURES USED IN THE NCQA ACCREDITATION SCORING FOR ITS COMMERCIAL PRODUCTS. FOR THE MEDICARE PRODUCT, AVMED'S RESULTS WERE RANKED AT 4 STAR OR HIGHER FOR 16 OF THE 36 MEASURES AND 3 STAR OR HIGHER FOR 25 OUT OF THE 36 MEASURES USED IN THE NCQA ACCREDITATION SCORING.AVMED ALSO ANNUALLY MEASURES THE SATISFACTION OF ITS MEMBERS THROUGH THE CONSUMER ASSESSMENT OF HEALTHCARE PROVIDERS AND SYSTEMS (CAHPS) SURVEY. THE SURVEY PROVIDES INFORMATION ON THE EXPERIENCES OF AVMED MEMBERS WITH THE HEALTH PLAN AND HOW WELL THE HEALTH PLAN MEETS MEMBERS' EXPECTATIONS. AVMED AS A HEALTH PLAN WAS RATED A 4 OUT OF 5 BY MEDICARE MEMBERS AND A 5 OUT OF 5 BY COMMERCIAL MEMBERS. IN ADDITION TO HELPING MEMBERS LIVE HEALTHIER, AVMED HELPS BUILD HEALTHIER COMMUNITIES IN EACH MARKET IT SERVES. IN 2021, AVMED CONTINUED TO DEFINE WHAT IT MEANS TO BE WELLFLUENT. A COMBINATION OF WELL-BEING AND AFFLUENT, WELLFLUENT IS HAVING OR STRIVING TO HAVE A BALANCED LIFE, RICH IN WHAT MATTERS MOST: HEALTH AND HAPPINESS. BY DEVELOPING AND IMPLEMENTING PROGRAMS THAT ENCOURAGE THIS LIFESTYLE, AVMED ADVOCATES FOR ITS MORE THAN 230,000 MEMBERS ALONG WITH THEIR FLORIDIAN NEIGHBORS.IN 2021, AVMED CONTINUED ITS SUPPORT OF MIAMI-DADE COUNTY'S BIKE305 PROGRAM, WHICH CULMINATED WITH BIKE TO WORK DAY. THIS PROGRAM SHOWED RESIDENTS HOW EASY IT IS TO COMMUTE MORE HEALTHILY BY COMBINING THE EFFICIENCY OF PUBLIC TRANSPORTATION WITH THE OPEN AIR EXPERIENCE OF A BICYCLE RIDE. ALL MIAMI-DADE COUNTY PUBLIC TRANSPORTATION OPTIONS ACCOMMODATE BICYCLES ON BOARD, SO THIS ONE DAY IS DESIGNED TO DEVELOP HEALTHY HABITS THAT LAST A LIFETIME.IN ADDITION, AVMED HELPED FUND A NEW OUTDOOR FITNESS COURT AT CAMILLUS HOUSE IN MIAMI, FLORIDA. CAMILLUS HOUSE PROVIDES SUPPORT AND HOUSING FOR SOUTH FLORIDA'S HOMELESS POPULATION, AND THIS FITNESS COURT PROVIDES ITS RESIDENTS ACCESS TO FITNESS EQUIPMENT TO HELP STAY FIT AND HEALTHY, PARTICULARLY DURING THE COVID-19 PANDEMIC WHEN INDOOR FITNESS FACILITIES WERE CLOSED. TO HELP KEEP THE COMMUNITY HEALTHY DURING THE COVID-19 PANDEMIC, AVMED CREATED A CALENDAR OF VIRTUAL WELLNESS PROGRAMS AVAILABLE VIA AVMED.ORG. THESE PROGRAMS WERE DESIGNED TO ENHANCE PHYSICAL AND MENTAL WELL-BEING, AND PROGRAM CONTENT WAS SHARED WITH ORGANIZATIONS SUCH AS THE MIAMI ALLIANCE FOR AGING AND THE BROWARD PARKS FOUNDATION. AVMED ALSO CONTINUED SPONSORSHIP OF SEVERAL COMMUNITY WALKS AND RUNS IN GAINESVILLE, FORT LAUDERDALE AND MIAMI. THIS INCLUDES THE AMERICAN HEART ASSOCIATION'S HEART WALK, THE ORANGE BOWL 5K AND THE MERCEDES-BENZ CORPORATE RUN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eduardo E DE Armas Sr Sales Rep | 40 | $251,044 | |
Shawn Barger Dir. Clin Phar. Mgmt (thru 12/10/21) | 40 | $244,550 | |
Lynn E Monaco Assistant General Counsel | 40 | $235,416 | |
Ognian K Asparouhov PHD Director Advanced Analytics | 40 | $223,606 | |
Juan L Herrera Director Actuarial Strategy | 40 | $216,175 | |
Lawrence G Schreiber Chief Executive Officer/director | OfficerTrustee | 45 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Baptist Hospital Of Miami Inc Medical Services | 12/30/21 | $120,646,612 |
South Broward Hospital District Medical Services | 12/30/21 | $107,949,351 |
Univ Of Miami Hospclns Medical Services | 12/30/21 | $91,287,171 |
Public Health Trust Of Dade County Medical Services | 12/30/21 | $63,773,220 |
South Miami Hospital Inc Medical Services | 12/30/21 | $46,342,477 |
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 | $770,128,789 |
Investment income | $4,488,712 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $24,646,557 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $800,159,081 |
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 | $37,614,188 |
Pension plan accruals and contributions | $1,036,619 |
Other employee benefits | $3,493,168 |
Payroll taxes | $2,788,160 |
Fees for services: Management | $10,726,221 |
Fees for services: Legal | $2,146,251 |
Fees for services: Accounting | $504,619 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $690,870,896 |
Advertising and promotion | $4,392,391 |
Office expenses | $8,334,901 |
Information technology | $36,494,886 |
Royalties | $0 |
Occupancy | $7,128,018 |
Travel | $128,389 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $157,485 |
Interest | $705 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,438,258 |
Insurance | $487,731 |
All other expenses | $0 |
Total functional expenses | $821,686,669 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,000 |
Savings and temporary cash investments | $21,557,668 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $40,633,812 |
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 | $20,623,242 |
Net Land, buildings, and equipment | $5,022,610 |
Investments—publicly traded securities | $130,036,903 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $97,855,958 |
Total assets | $315,740,193 |
Accounts payable and accrued expenses | $126,491,658 |
Grants payable | $0 |
Deferred revenue | $7,061,870 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $51,777,079 |
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 | $15,192,059 |
Total liabilities | $200,522,666 |
Net assets without donor restrictions | $115,217,527 |
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 | $315,740,193 |
Organization Name | Assets | Revenue |
---|---|---|
Avmed Inc Gainesville, FL | $315,740,193 | $800,159,081 |
Florida Hospital Medical Group Inc Maitland, FL | $261,853,637 | $775,240,217 |
Florida Hospital Physician Group Inc Tampa, FL | $40,564,224 | $202,269,880 |
Baycare Select Health Plans Inc Clearwater, FL | $47,758,230 | $90,273,183 |
Sharity Ministries Inc Atlanta, GA | $1,395,232 | $129,043,524 |
Pediatric Specialty Group Inc Miami, FL | $0 | $58,299,031 |
Athens Regional Specialty Services Inc Athens, GA | $28,364,283 | $72,507,816 |
Hamilton Physician Group Inc Dalton, GA | $5,859,770 | $25,048,912 |
Archbold Medical Group Inc Thomasville, GA | $5,272,330 | $16,475,298 |
Alpha & Omega Health Care Providers Huntsville, AL | $43,378 | $327,346 |
Florida Health Maintenance Organization Consumer Assistance Tallahassee, FL | $10,030,216 | $307,982 |
Georgia Medical Group Administrators Inc Cornelia, GA | $132,096 | $270,900 |