Health Choice Network Of Florida Inc
- Assets
- $58.8m
- Revenue
- $63.4m
- Investments
- $19.5m
- Employees
- 83
- Location
- Miami, FL
- Founding
- 12/1995
- Data as of
- 09/2023
- EIN
- 65-0504316
Organization Overview
Health Choice Network Of Florida Inc is located in Miami, FL. The organization was established in 1995. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2023, Health Choice Network Of Florida Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Choice Network Of Florida 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 09/2023, Health Choice Network Of Florida Inc generated $63.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $59.6m during the year ending 09/2023. While expenses have increased by 7.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH STATUS OF OUR COMMUNITIES THROUGH THE PROVISION OF HIGH-QUALITY, AFFORDABLE, CARE TO UNDERSERVED INDIVIDUALS & FAMILIES THROUGH OUR NETWORK OF PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED CARE - THIS PROGRAM PROVIDES HEALTH CARE MANAGEMENT TO THE HMO ASSIGNED MEMBERS OF CENTERS TO ENSURE PROPER UTILIZATION OF HEALTH CARE IN THE MANAGED CARE ENVIRONMENT. THIS PROGRAM INCLUDES CREDENTIALING, CENTRALIZED REFERRALS FOR CENTER HMO CONTRACTS, PROVIDER RELATIONS, AND MANAGEMENT OF AT-RISK CONTRACTS. THE MANAGED CARE UNIT ALSO PROVIDES SUPPORT TO SHARED CLINICAL COMMITTEE COLLABORATIVE SERVICES.
FISCAL/MIS INTEGRATION - THIS PROGRAM PROVIDES FISCAL AND MANAGEMENT INFORMATION SYSTEM SERVICES FOR MEMBER CENTERS. PRIMARY SERVICES INCLUDE OPERATING A CENTRALIZED MIS DEPARTMENT (HARDWARE AND SOFTWARE) AND SHARING OF CHIEF FINANCIAL OFFICER AND CHIEF INFORMATION OFFICER SERVICES THROUGH INTEGRATED ACTIVITIES OF THE MEMBER CENTERS' FINANCE AND IT DEPARTMENTS.
HEALTH CARE PREVENTION INITIATIVES - THE HEALTH CARE PREVENTION INITIATIVES CONSIST PRIMARILY OF THREE SEPARATE PROJECTS. THE JESSIE TRICE CANCER PREVENTION PROJECT ADDRESSES THE DISPROPORTIONATE BURDEN OF CANCER IN LOW-INCOME AFRICAN AMERICAN AND HISPANIC COMMUNITIES SERVED BY THE CENTERS. THESE ACTIVITIES INCLUDE CANCER PREVENTION, EDUCATION, AND EARLY DETECTION PROJECTS THAT ADDRESS BREAST AND CERVICAL CANCER SCREENING DISPARITIES. ANOTHER HEALTH CARE PREVENTION INITIATIVE, CARE MANAGEMENT MEDICAL HOME CENTER ("CMMHC"), PROVIDES A SYSTEM DESIGNED TO SUPPORT THE CORE ELEMENTS NECESSARY TO DELIVER EFFECTIVE CHRONIC DISEASE CARE MANAGEMENT IN A PRIMARY CARE SETTING. CMMHC WILL INITIALLY FOCUS ON IMPROVING CARE FOR PATIENTS WITH DIABETES. THE NURSE FAMILY PARTNERSHIP PROGRAM ("NFPP") PROVIDES FIRST-TIME MOTHERS FROM LOW-INCOME HOUSEHOLDS THE CARE AND SUPPORT NEEDED TO HAVE HEALTHY PREGNANCIES. NFPP ADMINISTERS THIS PROGRAM BY UTILIZING REGISTERED NURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandro M Romillo President & CEO | Officer | 40 | $827,051 |
Eric Friedfeld Chief Financial Officer | Officer | 40 | $457,470 |
Blanca Margarita Ollet Chief Operating Officer | Officer | 40 | $449,991 |
Meredith Hughes Marsh Chief Of Value Based Services | Officer | 40 | $335,887 |
Timothy Joseph Long Chief Clinical Officer | Officer | 40 | $337,124 |
Maylee Sanchez Chief Information Officer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apex Healthcare Strategies Llc Medical Billing | 9/29/23 | $1,762,169 |
Lopez International Inc Janitorial & Facilit | 9/29/23 | $176,406 |
Financial Recovery Group Inc Medical Claims Analy | 9/29/23 | $138,545 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,110,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,603,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,714,224 |
| Total Program Service Revenue | $52,318,918 |
| Investment income | $1,148,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,307,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,396,356 |
| 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. | $3,095,017 |
| Compensation of current officers, directors, key employees. | $1,632,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,778,195 |
| Pension plan accruals and contributions | $200,056 |
| Other employee benefits | $814,870 |
| Payroll taxes | $553,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,018 |
| Fees for services: Accounting | $49,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,419 |
| Fees for services: Other | $23,122,439 |
| Advertising and promotion | $0 |
| Office expenses | $65,427 |
| Information technology | $101,326 |
| Royalties | $0 |
| Occupancy | $220,282 |
| Travel | $173,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201,436 |
| Interest | $633,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $325,494 |
| Insurance | $103,886 |
| All other expenses | $0 |
| Total functional expenses | $59,595,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,458,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $365,760 |
| Accounts receivable, net | $28,676,916 |
| 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 | $318,277 |
| Net Land, buildings, and equipment | $5,629,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,532,127 |
| Investments—program-related | $1,269,056 |
| Intangible assets | $0 |
| Other assets | $543,531 |
| Total assets | $58,793,999 |
| Accounts payable and accrued expenses | $3,684,742 |
| Grants payable | $0 |
| Deferred revenue | $5,249,240 |
| 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 | $14,888,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,822,165 |
| Net assets without donor restrictions | $34,971,834 |
| 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 | $58,793,999 |