Lumetra Healthcare Solutions
- Assets
- $1.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- New Hyde Park, NY
- Founding
- 03/1986
- Data as of
- 07/2023
- EIN
- 94-2918600
Organization Overview
Lumetra Healthcare Solutions is located in New Hyde Park, NY. The organization was established in 1986. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 07/2023, Lumetra Healthcare Solutions employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lumetra Healthcare Solutions is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 07/2023, Lumetra Healthcare Solutions generated $1.4m 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 (12.1%) each year. All expenses for the organization totaled $2.0m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 8 years. 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 DRIVE THE ADVANCEMENT OF THE HEALTHCARE BUSINESS THROUGH EVIDENCE-BASED, RELIABLE SOLUTIONS AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUMETRA PROVIDES CLIENTS WITH A RANGE OF CLINICALLY-BASED, DATA-DRIVEN SERVICES THAT RESULT IN SUSTAINABLE IMPROVEMENTS (BETTER PATIENT OUTCOMES, LOWER COSTS, INCREASED REVENUE, AND LASTING IMPROVEMENTS.)OUR CLINICAL SERVICES UNIT OFFERS A VARIETY OF SERVICES THAT INCLUDE:- INDEPENDENT PEER REVIEW: COMPREHENSIVE, INDEPENDENT EXTERNAL PEER REVIEW- CLINICAL ANALYTICS: ASSESSMENT AND EVALUATION INCLUDING RESEARCH STUDY DESIGN, DATA ANALYSIS AND VALIDATION, COMPLIANCE AUDITS AND PERFORMANCE MONITORING AND SURVEILLANCE- PROGRAM MONITORING AND IMPROVEMENT: MONITORING, OVERSIGHT AND IMPROVEMENT ACTIVITIES FOR HEALTH PROGRAMS OUR INFORMATICS SERVICES OFFERS SERVICES THAT INCLUDE:- HEALTH INFORMATION EXCHANGE (HIE) PLANNING & IMPLEMENTATION SERVICES. INCLUDING DEFINING BEST PRACTICES FOR FUNCTIONAL HIE REQUIREMENTS.- ELECTRONIC HEALTH RECORD (EHR) OPTIMIZATION SERVICES. INCLUDING EHR SELECTION, IMPLEMENTATION AND MEANINGFUL USE ATTESTATION.- HEALTHCARE TRANSFORMATION SERVICES. INCLUDING PATIENT CENTERED MEDICAL HOME (PCMH) TECHNICAL ASSISTANCE AND ACCOUNTABLE CARE ORGANIZATION (ACO) IMPLEMENTATION SERVICES.- HEALTH INSURANCE EXCHANGE (HIX) PLANNING & IMPLEMENTATION. INCLUDING REQUIREMENTS DEFINITION AND PROJECT MANAGEMENT.- HEALTHCARE EDUCATION & OUTREACH. INCLUDING STAKEHOLDER OUTREACH.- CLINICAL DATA ANALYTICS. INCLUDING DATA MAPPING, BENCHMARKING, ANALYSIS AND MEASUREMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore O Will Executive Vice President | OfficerTrustee | 0.1 | $0 |
John A Friedman MD President | OfficerTrustee | 0.1 | $750 |
Paul J Rowland Treasurer | OfficerTrustee | 0.1 | $750 |
Ronald A Paynter MD Secretary | OfficerTrustee | 0.1 | $250 |
Jean Ann Seago PHD Director | Trustee | 0.1 | $750 |
Harry M Feder Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fhas Inc Physician Reviewers | 7/30/15 | $127,804 |
Prest Associates Physician Reviewers | 7/30/15 | $103,545 |
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 | $1,376,198 |
| Investment income | $16 |
| 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 | $1,380,538 |
| 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. | $2,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,365 |
| Pension plan accruals and contributions | $25,095 |
| Other employee benefits | $41,072 |
| Payroll taxes | $39,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $409,393 |
| Advertising and promotion | $0 |
| Office expenses | $59,550 |
| Information technology | $61,071 |
| Royalties | $0 |
| Occupancy | $5,257 |
| Travel | $919 |
| 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 | $13,977 |
| All other expenses | $0 |
| Total functional expenses | $1,978,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,372,558 |
| Savings and temporary cash investments | $10,106 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373,250 |
| 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 | $24,282 |
| 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 | $1,780,196 |
| Accounts payable and accrued expenses | $189,621 |
| 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 | $4,326,150 |
| Total liabilities | $4,515,771 |
| Net assets without donor restrictions | -$2,735,575 |
| 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 | $1,780,196 |