Overview
What is Harvard Pilgrim Health Care Inc?
Harvard Pilgrim Health Care Inc is a prominent nonprofit organization based in New England, serving over 3 million customers with health benefit plans, programs, and services. Founded by doctors over 50 years ago, the organization is committed to helping their members and the communities they serve attain better health. In collaboration with an extensive network of healthcare professionals and facilities, Harvard Pilgrim Health Care enhances health outcomes and reduces costs through clinical quality and innovative care management.
Official website here: www.harvardpilgrim.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating).
Harvard Pilgrim Health Care Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. The organization scored exceptionally well across various beacons, particularly in areas like board independence and financial oversight. With a majority of independent board members and thorough audit practices, the nonprofit demonstrates a robust governance structure.
The financial performance indicators are also commendable, with a high program expense ratio of 97.35%, suggesting that the majority of funds are directed towards its mission-related activities. Furthermore, there is no indication of material asset diversion, which indicates a high level of integrity in financial management. The organization's commitment to transparency is reinforced by its comprehensive conflict of interest and whistleblower policies.
While the overall data highlights significant strengths, the rating is solely based on accountability and finance aspects. There may be limited insights into programmatic effectiveness or community impact, which are also essential for a holistic view of a nonprofit's performance. Nonetheless, Harvard Pilgrim Health Care Inc appears to maintain high standards in governance and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Harvard Pilgrim Health Care Inc legitimate?
Harvard Pilgrim Health Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harvard Pilgrim Health Care Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,983,577
For more financial information, click here
Official website here: www.harvardpilgrim.org
What is the mission statement of Harvard Pilgrim Health Care Inc?
Harvard Pilgrim Health Care Inc is a leading not-for-profit organization dedicated to providing health benefit plans, programs, and services to over 3 million customers. Their mission is to help their members and the communities they serve attain better health. With a rich history dating back nearly 50 years, founded by doctors, they continue to build on their legacy. In partnership with an extensive network of healthcare professionals and facilities, they enhance health outcomes and reduce costs through clinical quality and innovative care management.
Official website here: www.harvardpilgrim.org
Who is the CEO of Harvard Pilgrim Health Care Inc?
Cain Hayes is the President & Ceo of Harvard Pilgrim Health Care Inc. The CEO's salary of Harvard Pilgrim Health Care Inc is $0 and their total compensation is $1,513,553.
Official website here: www.harvardpilgrim.org
What is the revenue of Harvard Pilgrim Health Care Inc?
Harvard Pilgrim Health Care Inc's revenue in 2022 was $1,851,091,814.
Official website here: www.harvardpilgrim.org
Who are the executives of Harvard Pilgrim Health Care Inc and what are their salaries?
The average compensation at Harvard Pilgrim Health Care Inc during 2022 was $805,955. There are 98 employees at Harvard Pilgrim Health Care Inc.
Here are 32 key members and their salaries (Harvard Pilgrim Health Care Inc's CEO's salary is $0 and their total compensation is $1,513,553):
- Compensation: $0
- Related: $2,440,620
- Other: $335,990
- Compensation: $0
- Related: $2,220,842
- Other: $0
- Compensation: $0
- Related: $1,495,153
- Other: $197,450
- Compensation: $0
- Related: $1,573,814
- Other: $56,051
- Compensation: $0
- Related: $1,500,205
- Other: $13,348
- Compensation: $0
- Related: $1,189,371
- Other: $119,513
- Compensation: $0
- Related: $1,114,767
- Other: $167,305
- Compensation: $0
- Related: $1,074,785
- Other: $165,727
- Compensation: $0
- Related: $1,045,332
- Other: $161,168
- Compensation: $0
- Related: $1,035,246
- Other: $161,767
- Compensation: $0
- Related: $1,013,577
- Other: $169,588
- Compensation: $786,096
- Related: $0
- Other: $0
- Compensation: $0
- Related: $725,734
- Other: $54,098
- Compensation: $754,166
- Related: $0
- Other: $0
- Compensation: $0
- Related: $614,901
- Other: $127,646
- Compensation: $0
- Related: $541,488
- Other: $110,632
- Compensation: $0
- Related: $499,935
- Other: $0
- Compensation: $89,000
- Related: $0
- Other: $0
- Compensation: $77,625
- Related: $0
- Other: $0
- Compensation: $73,000
- Related: $0
- Other: $0
- Compensation: $71,500
- Related: $0
- Other: $0
- Compensation: $68,500
- Related: $0
- Other: $0
- Compensation: $68,500
- Related: $0
- Other: $0
- Compensation: $65,500
- Related: $0
- Other: $0
- Compensation: $61,875
- Related: $500
- Other: $0
- Compensation: $62,000
- Related: $0
- Other: $0
- Compensation: $55,000
- Related: $6,000
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $59,000
- Related: $0
- Other: $0
- Compensation: $47,000
- Related: $0
- Other: $0
- Compensation: $36,000
- Related: $0
- Other: $0
- Compensation: $7,334
- Related: $0
- Other: $0
Official website here: www.harvardpilgrim.org
Where can I find the form 990 for Harvard Pilgrim Health Care Inc?
Harvard Pilgrim Health Care Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harvardpilgrim.org
Learn more at the official website: www.harvardpilgrim.org
Mission Statement of Harvard Pilgrim Health Care Inc
Harvard Pilgrim Health Care Inc, a leading not-for-profit health services company, is dedicated to providing health benefit plans, programs, and services to over 3 million customers. With a rich history spanning nearly 50 years, founded by doctors, this organization aims to guide its members and the communities they serve towards better health.
Harvard Pilgrim Health Care and its affiliated companies are committed to improving health outcomes and reducing costs through clinical quality and innovative care management. They partner with an extensive network of doctors and hospitals to deliver effective and efficient health solutions. In line with their mission, they are making a significant impact on people's lives.
Harvard Pilgrim Health Care's team of professionals collaborates closely with health care providers to ensure access to the best possible care. Their approach to care goes beyond just offering plans; they are dedicated to fostering partnerships, building on their legacy, and striving for continuous improvement in the health and well-being of their members.
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Impact
October, 2024
Harvard Pilgrim Health Care Inc plays a significant role in enhancing public health by providing comprehensive health benefit plans and services to over 3 million customers across New England and beyond. By collaborating closely with a vast network of healthcare providers, they focus on improving health outcomes while ensuring cost efficiency in care delivery. Their innovative care management strategies help guide members and the communities they serve toward better health.
Founded nearly 50 years ago by a group of physicians, Harvard Pilgrim has a deep-rooted commitment to quality care and community health. This legacy is reflected in their ongoing efforts to implement clinical best practices and address the diverse needs of their members. Their impact extends beyond individual health services, as they actively work to foster healthier communities and engage members in proactive health management. In doing so, they not only enhance the well-being of their members but also contribute to the overall improvement of public health in the regions they serve.
This information is meant to be a general summary of Harvard Pilgrim Health Care Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,358,243
- Program Service Revenue: $1,762,272,007
- Gross Receipts: $2,064,870,158
Assets and Liabilities:
- Total Assets: $1,102,710,194
- Total Liabilities: $466,733,432
- Net Assets: $635,976,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER PREMIUMS & FEES
Revenue
$1,501,890,865
PPO PREMIUMS (FULLY INSURED)
Revenue
$260,381,142
Organization Details
Founding Year
1969
Phone
(781) 263-6000Principal Officer
Cain Hayes
Main Address
1 WELLNESS WAY, CANTON, MA, 020211166
Website
www.harvardpilgrim.orgNTEE Category
Code: E310 - Health
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