Health Choice Network Inc
- Assets
- $25.2m
- Revenue
- $35.8m
- Investments
- $0.0
- Employees
- 144
- Location
- Miami, FL
- Founding
- 07/2011
- Data as of
- 09/2023
- EIN
- 90-0525658
Organization Overview
Health Choice Network Inc is located in Miami, FL. The organization was established in 2011. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Health Choice Network Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Choice Network 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 Inc generated $35.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $52.9m during the year ending 09/2023. While expenses have increased by 15.5% 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 AND FAMILIES THROUGH OUR NETWORK OF PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST MEMBER CENTERS IN PROVIDING QUALITY FISCAL AND MANAGEMENT INFORMATION SYSTEM SERVICES. THE NETWORK'S MAIN MISSION IS TO PROVIDE HIGH QUALITY SERVICE, SUPPORT, AND EXPERTISE TO MEMBER ORGANIZATIONS AND TO ACT AS A VEHICLE FOR STRATEGIC EFFORTS THAT STRENGTHEN OUR COMMUNITY HEALTH PARTNERS. BY SHARING COMMON TECHNOLOGY AND MANAGEMENT INFORMATION SERVICES, MEMBER CENTERS CAN PROVIDE BETTER AND MORE ACCESSIBLE CARE BY USING THE VERY LATEST IN ELECTRONIC HEALTH RECORDS, INFORMATICS RESEARCH AND FINANCIAL AND CLINICAL SERVICES. THE NETWORK IS DEDICATED TO PROVIDING THE FINEST IN THESE SERVICES TO ITS MEMBER CENTERS SO THEY CAN MPROVE THE QUALITY AND ACCESSIBILITY OF MEDICAL AND DENTAL HEALTHCARE THEY PROVIDE TO THEIR PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandro M Romillo President And CEO | Officer | 0 | $0 |
Eric Friedfeld Chief Financial Officer | Officer | 0 | $0 |
Blanca Margarita Ollet Chief Operating Officer | Officer | 0 | $0 |
Meredith Hughes Marsh Chief Of Value Based Services | Officer | 0 | $0 |
Oscar Perez Chief Application & Innov Offi | 40 | $356,816 | |
Timothy Joseph Long Chief Clinical Officer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Data Movers It Consulting | 9/29/23 | $1,598,510 |
Deliver Health Solutions Llc It Consulting | 9/29/23 | $1,065,078 |
Lsq Funding Group Lc It Consulting | 9/29/23 | $744,561 |
Hyland Software It Consulting | 9/29/23 | $499,389 |
Health Data Innovations It Consulting | 9/29/23 | $159,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,274,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,356,669 |
| Total Program Service Revenue | $34,330,949 |
| Investment income | $36,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,842,874 |
| 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. | $293,050 |
| Compensation of current officers, directors, key employees. | $73,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,292,057 |
| Pension plan accruals and contributions | $490,881 |
| Other employee benefits | $1,593,800 |
| Payroll taxes | $1,074,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,060 |
| Fees for services: Accounting | $49,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,876 |
| Fees for services: Other | $10,971,456 |
| Advertising and promotion | $0 |
| Office expenses | $111,422 |
| Information technology | $18,196,133 |
| Royalties | $0 |
| Occupancy | $268,801 |
| Travel | $655,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $811,159 |
| Interest | $797,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,963,022 |
| Insurance | $242,729 |
| All other expenses | $0 |
| Total functional expenses | $52,889,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $192,697 |
| Accounts receivable, net | $3,256,149 |
| 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 | $5,305,957 |
| Net Land, buildings, and equipment | $14,730,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $992,297 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,231,074 |
| Accounts payable and accrued expenses | $9,742,674 |
| Grants payable | $0 |
| Deferred revenue | $6,621,685 |
| 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 | $11,976,703 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,729,406 |
| Total liabilities | $51,070,468 |
| Net assets without donor restrictions | -$25,839,394 |
| 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 | $25,231,074 |