Heartland Health Aco Inc
- Assets
- $39.7k
- Revenue
- $274.1k
- Investments
- $0.0
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- Data as of
- 12/2021
- EIN
- 82-1675743
Organization Overview
Heartland Health Aco Inc is located in West Des Moines, IA. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Health Aco 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 12/2021, Heartland Health Aco Inc generated $274.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $279.5k during the year ending 12/2021. While expenses have increased by 29.1% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTLAND HEALTH ACO WAS ORGANIZED IN 2018, WENT THROUGH THE MSSP ACO APPLICATION PROCESS WITH CMS, WAS APPROVED AND BEGAN OPERATIONS AS A MEDICARE SHARED SAVINGS ACO ON JULY 1, 2019. MANY OF THE MEMBER PRACTICES HAD SOME PREVIOUS ACO EXPERIENCE, BUT THIS WAS A NEW COMBINATION OF PRACTICES UNDER HHACO. THE ACO BOARD AS WELL AS THE COMPLIANCE AND QUALITY/MEDICAL MANAGEMENT COMMITTEES WERE FORMED, POLICIES AND PROCEDURE WERE DEVELOPED AND ADOPTED, AND THE WORK ON THE ACO BEGAN.WORK BEGAN TO IMPROVE QUALITY OF CARE PROVIDED TO MEDICARE BENEFICIARIES, WITH PRACTICES GETTING CONNECTED TO OUR POPULATION HEALTH PLATFORM, THE GARAGE, IN ORDER TO TRACK AND IMPROVE QUALITY OF CARE. ADDITIONALLY, WE BEGAN TO RECEIVE CLAIMS DATA FROM CMS, WHICH WAS ALSO LOADED INTO THE GARAGE FOR PRACTICES TO BEGIN TO USE TO ADDRESS COST. MONTHLY CALLS/MEETINGS WERE HELD WITH PRACTICES TO DIRECT AND SUPPORT THE COST AND QUALITY WORK. EDUCATION WAS PROVIDED TO PRACTICES TO IMPROVE PERFORMANCE. IN ALL, THE ACO HAD A SOLID START TO ITS PERFORMANCE IN 2021. THE HHACO CONTRACT WITH CMS RUNS THROUGH DECEMBER 31, 2024.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Klitgaard MD Chairman | OfficerTrustee | 4 | $0 |
Michael Woods MD Vice President | OfficerTrustee | 2 | $0 |
George Kappos MD Voting Member | Trustee | 2 | $0 |
Arlinda Mckeen Voting Member | Trustee | 2 | $0 |
Barry Jacobsen Voting Member | Trustee | 2 | $0 |
Eric Miller Voting Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,975 |
| 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 | $1,975 |
| Total Program Service Revenue | $272,086 |
| Investment income | $0 |
| 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 | $274,061 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $274,061 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $279,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,955 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,768 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,723 |
| Accounts payable and accrued expenses | $31,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,800 |
| Net assets without donor restrictions | $7,923 |
| 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 | $39,723 |
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