Health Choice Network Of Florida Inc
- Assets
- $43.6m
- Revenue
- $36.5m
- Investments
- $22.3m
- Employees
- 55
- Location
- Miami, FL
- Founding
- 12/1995
- Data as of
- 09/2021
- 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 09/2021, Health Choice Network Of Florida Inc employed 55 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 09/2021, Health Choice Network Of Florida Inc generated $36.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $33.9m during the year ending 09/2021. 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 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 - PROVIDES HEALTHCARE MANAGEMENT TO THE HMO ASSIGNED MEMBERS AND MANAGED MEDICAID PREPAID OUTPATIENT MENTAL HEALTH SERVICES FOR PARTICIPATING MEMBER CENTERS TO ENSURE PROPER UTILIZATION OF HEALTHCARE IN THE MANAGED CARE ENVIRONMENT. THIS PROGRAM INCLUDES CREDENTIALING, CENTRALIZED REFERRALS FOR CENTER HMO CONTRACTS. THE MANAGED CARE UNIT ALSO PROVIDES SUPPORT TO SHARED CLINICAL COMMITTEE COLLABORATIVE SERVICES.
FISCAL/MIS INTEGRATION - PROVIDE FISCAL 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 CENTERS FINANCE AND IT DEPARTMENTS.
REVENUE CYCLE MANAGEMENT - PROVIDES BILLING AND PAYMENT POSTING SERVICES FOR MEMBER CENTERS THAT HAVE ELECTED TO PARTICIPATE. THE REVENUE CYCLE MANAGEMENT OFFICE IS RESPONSIBLE FOR LIMITED CREDENTIALING SERVICES AND MOST ASPECTS OF THE BILLING AND COLLECTION OF PATIENT CHARGES ON BEHALF OF THE CENTERS, WHICH INCLUDES THE FOLLOW-UP ACCOUNTS RECEIVABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandro M Romillo President And CEO | Officer | 40 | $688,688 |
Rick Friedfield Chief Financial Officer | Officer | 40 | $394,589 |
Blanca Margarita Ollet Chief Operating Officer | Officer | 40 | $356,294 |
Meredith Hughes Marsh Quality Improvement Officer | Officer | 40 | $260,023 |
Terisa A James Dir Of Comm Init & Fund Devlp | 40 | $206,649 | |
Ricardo Gomez Director Of Member Population | 40 | $184,390 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canton Company Consulting | 9/29/21 | $282,041 |
Altruis Medical Billing | 9/29/21 | $248,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,608,222 |
| All other contributions, gifts, grants, and similar amounts not included above | $805,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,414,185 |
| Total Program Service Revenue | $29,607,303 |
| Investment income | $1,143,295 |
| 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 | $36,515,514 |
| 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. | $1,705,685 |
| Compensation of current officers, directors, key employees. | $825,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,521,621 |
| Pension plan accruals and contributions | $195,947 |
| Other employee benefits | $528,407 |
| Payroll taxes | $370,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,095 |
| Fees for services: Accounting | $44,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,361 |
| Fees for services: Other | $16,855,835 |
| Advertising and promotion | $0 |
| Office expenses | $35,637 |
| Information technology | $160,292 |
| Royalties | $0 |
| Occupancy | $101,530 |
| Travel | $21,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,035 |
| Interest | $71,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319,673 |
| Insurance | $84,231 |
| All other expenses | $0 |
| Total functional expenses | $33,907,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,325,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $326,360 |
| Accounts receivable, net | $1,410,161 |
| 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 | $325,330 |
| Net Land, buildings, and equipment | $6,248,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,330,723 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $605,366 |
| Total assets | $43,571,889 |
| Accounts payable and accrued expenses | $2,820,377 |
| Grants payable | $0 |
| Deferred revenue | $3,956,814 |
| 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 | $2,743,863 |
| Other liabilities | $0 |
| Total liabilities | $9,521,054 |
| Net assets without donor restrictions | $34,050,835 |
| 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 | $43,571,889 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Health Choice Network Of Florida Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Nurse Family Partnership Denver, CO PURPOSE: GROW THE NFP PROGRAM | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Community Health Of South Florida Inc Miami, FL | $54,986,088 | $82,830,073 |
Family Health Centers Of Southwest Florida Inc Fort Myers, FL | $132,260,074 | $89,038,974 |
Medcura Health Inc Stone Mountain, GA | $35,224,823 | $76,303,870 |
Tampa Family Health Centers Inc Tampa, FL | $97,424,685 | $85,104,694 |
Midway Specialty Care Center Inc Fort Pierce, FL | $38,905,057 | $72,218,081 |
Community Health Centers Inc Winter Garden, FL | $79,127,544 | $70,595,389 |
Community Health Center Of Pinellas Inc Clearwater, FL | $43,637,625 | $60,340,422 |
Suncoast Community Health Centers Inc Ruskin, FL | $68,850,377 | $58,626,077 |
Escambia Community Clinics Inc Pensacola, FL | $21,893,175 | $41,875,862 |
Jessie Trice Community Health System Inc Miami, FL | $30,864,173 | $41,908,697 |
Banyan Community Health Center Inc Miami, FL | $11,210,752 | $38,904,378 |