Advisewell Inc

Organization Overview

Advisewell Inc is located in New Orleans, LA. The organization was established in 1989. As of 12/2022, Advisewell Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advisewell 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 12/2022, Advisewell Inc generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE QUALITY OF HEALTH AND HEALTH CARE BY USING INFORMATION AND COLLABORATIVE RELATIONSHIPS TO ENABLE CHANGES. SIGNIFICANT ACTIVITIES INCLUDE PROVIDING QUALITY IMPROVEMENT, REVIEW AND ASSURANCE SERVICES FOR HEALTH PROGRAMS ADMINISTERED BY GOVERNMENTAL AND PRIVATE ORGANIZATIONS. ADVISEWELL, INC. RECEIVES A SUBSTANTIAL PART OF ITS FUNDING FROM FEDERAL AND STATE GOVERNMENTAL CONTRACTS TO BENEFIT PUBLIC HEALTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SENIOR MEDICARE PATROL FEDERAL GRANTS ARE THROUGH THE DEPARTMENT OF HEALTH & HUMAN SERVICES - ADMINISTRATION FOR COMMUNITY LIVING. OUR GRANTS TEAM WORKS TO EDUCATE MEDICARE BENEFICIARIES, THEIR FAMILIES, AND CAREGIVERS AND TO EMPOWER MEDICARE BENEFICIARIES THROUGH INCREASED AWARENESS AND UNDERSTANDING OF HEALTH CARE PROGRAMS TO PROTECT THEM FROM THE ECONOMIC AND HEALTH- RELATED CONSEQUENCES ASSOCIATED WITH MEDICARE FRAUD, ERRORS, AND ABUSE.


ADVISEWELL, INC. IS MEDICARE'S QUALITY IMPROVEMENT ORGANIZATION (QIO) FOR THE STATE OF LOUISIANA. THE ORGANIZATION PROVIDES HEALTH CARE QUALITY IMPROVEMENT SERVICES THROUGH PROVIDER EDUCATION AND DATA ANALYSIS. ADVISEWELL WORKS WITH NURSING HOMES, HOME HEALTH AGENCIES, HOSPITALS AND PHYSICANS IN ORDER TO IMPROVE THE DELIVERY, QUALITY AND COST EFFECTIVENESS OF HEALTH CARE FOR MEDICARE BENEFICIARIES. ACHIEVEMENT GOALS ARE SET BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) AND PERIODICALLY MEASURED THROUGH VARIOUS CONTRACT PERFORMANCE INDICATORS AND MEDICAL CLAIMS DATA


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Chairman Of The Board & President
$0
Name Not Listed
Treasurer
$0
Name Not Listed
Secretary
$0
Name Not Listed
Vice Chairman
$0
Name Not Listed
Quality Improvement Manager
$100,719
Name Not Listed
Smp Program Manager
$125,902

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Desai Management Consulting Inc
Contract Consulting
$693,193
Mcglinchey Stafford
Legal Services
$333,104
Adams And Reese Llp
Legal Services
$281,192
Thomas J Sandeman
Financial Consulting
$244,647
Tampa Property Partners Ii Llc
Landlord
$198,474
View All Vendors

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$1,670,274
Investment income $5,262,492
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 $6,932,766

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