Overview
What is Health New England Inc?
Health New England Inc, based in Springfield, Massachusetts, is a nonprofit organization dedicated to making high-quality, affordable healthcare services accessible to underserved and rural communities. Operating within a service area that includes some of the poorest and most medically underserved areas in Massachusetts, the organization serves over 103,000 enrollees through various health plans. These plans cater to individuals and families, as well as small and large employer groups. In addition to Medicare and Medicaid enrollees, Health New England also provides coverage to other individuals and families. The organization's commitment to improving the health status of the communities it serves extends to addressing racial, ethnic, economic, and gender health disparities and improving health equity for all. In 2022, Health New England invested $540,000 back into the community through various grant programs, focusing on areas such as maternal and infant health, food insecurity, and health equity, among others.
Official website here: www.healthnewengland.org
Is Health New England Inc legitimate?
Health New England Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Health New England 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: $5,330,632
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,684,437
For more financial information, click here
Official website here: www.healthnewengland.org
What is the mission statement of Health New England Inc?
Health New England Inc, as part of Baystate Health Inc, strives to enhance the overall quality of life and health status of the communities it serves. Committed to identifying and addressing health and wellness needs, Health New England collaborates with Baystate Health, community organization partners, and affiliated providers to bring about improvements. Their mission is to contribute to the economic success of their region, all while working together to meet the health needs of the communities. Through combined efforts, Health New England aims to make a positive impact on the communities they serve.
Official website here: www.healthnewengland.org
Who is the CEO of Health New England Inc?
Richard Swift is the Director, Evp/Coo - Bh of Health New England Inc. The CEO's salary of Health New England Inc is $957,826 and their total compensation is $1,379,787.
Official website here: www.healthnewengland.org
What is the revenue of Health New England Inc?
Health New England Inc's revenue in 2022 was $930,545,645.
Official website here: www.healthnewengland.org
Who are the executives of Health New England Inc and what are their salaries?
The average compensation at Health New England Inc during 2022 was $91,395. There are 405 employees at Health New England Inc.
Here are 28 key members and their salaries (Health New England Inc's CEO's salary is $957,826 and their total compensation is $1,379,787):
- Compensation: $0
- Related: $3,024,136
- Other: $61,001
- Compensation: $0
- Related: $2,590,235
- Other: $42,643
- Compensation: $957,826
- Related: $0
- Other: $421,961
- Compensation: $0
- Related: $1,132,360
- Other: $27,717
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $616,668
- Related: $0
- Other: $170,157
- Compensation: $452,129
- Related: $0
- Other: $145,445
- Compensation: $384,552
- Related: $0
- Other: $200,684
- Compensation: $390,552
- Related: $0
- Other: $180,933
- Compensation: $388,841
- Related: $0
- Other: $151,316
- Compensation: $325,000
- Related: $0
- Other: $165,566
- Compensation: $270,150
- Related: $0
- Other: $81,693
- Compensation: $147,500
- Related: $0
- Other: $48,590
- Compensation: $276,608
- Related: $0
- Other: $70,879
- Compensation: $261,274
- Related: $0
- Other: $75,131
- Compensation: $282,490
- Related: $0
- Other: $44,310
- Compensation: $237,822
- Related: $0
- Other: $65,968
- Compensation: $224,548
- Related: $0
- Other: $23,846
- Compensation: $173,387
- Related: $0
- Other: $0
Official website here: www.healthnewengland.org
Where can I find the form 990 for Health New England Inc?
Health New England Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.healthnewengland.org
Learn more at the official website: www.healthnewengland.org
Mission Statement of Health New England Inc
Health New England Inc, a part of Baystate Health Inc, is a dedicated integrated healthcare system with a mission to enhance the overall quality of life and health status of the communities it serves. This mission is achieved by contributing to the economic success of the region and addressing the identified health and wellness needs of the served communities through the collaborative efforts of Baystate Health, community organization partners, and affiliated providers. In essence, Health New England is committed to improving community health and well-being while also fostering regional economic growth. By combining the resources and expertise of Baystate Health, community partners, and affiliated providers, Health New England aims to meet the diverse health needs of the communities it serves.
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Impact
October, 2024
Health New England Inc significantly influences the health and well-being of communities throughout Western Massachusetts, particularly in areas that are poor, medically underserved, and rural. By providing high-quality, affordable health care services, the organization addresses the complex health needs of its enrollees, helping people who often have limited access to necessary medical care.
Over 45% of Health New England's enrollees reside in medically underserved regions, highlighting the organization's commitment to improving access to care where it's most needed. This is crucial in a region where the poverty rate is approximately 16% and where many families struggle with low income, impacting their overall health. Health New England's services extend to individuals across diverse economic backgrounds, including those enrolled in Medicaid and Medicare, thus ensuring that vulnerable populations receive the care they deserve.
The organization actively strives to reduce health disparities by targeting specific health priorities within its service area, which includes counties with alarming rates of poverty and unemployment. By investing in community health initiatives, Health New England plays a vital role in promoting health equity. In 2022, the organization dedicated $540,000 to community benefit programs, funding projects that directly address maternal and infant health, food insecurity, housing, and health coordination among others.
Through strategic partnerships and grant programs, Health New England not only strengthens its own capacity to address health needs but also empowers local organizations. This collaborative approach fosters a healthier environment and improves community health outcomes, further contributing to the economic success and overall quality of life in the region. By effectively addressing social determinants of health, Health New England helps create sustainable solutions for long-term health improvements, thereby playing a pivotal role in shaping the future of healthcare in Western Massachusetts.
This information is meant to be a general summary of Health New England 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: $3,426,145
- Program Service Revenue: $923,861,185
- Gross Receipts: $1,013,026,237
Assets and Liabilities:
- Total Assets: $292,952,185
- Total Liabilities: $201,033,166
- Net Assets: $91,919,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID PREMIUM
Revenue
$354,396,790
COMMERCIAL LARGE GROUP
Revenue
$229,570,956
COMMERCIAL SMALL GROUP
Revenue
$223,844,423
MEDICARE PREMIUM
Revenue
$115,184,403
DSRIP
Revenue
$864,613
Organization Details
Founding Year
2013
Phone
(413) 787-4000Principal Officer
Richard Swift
Main Address
ONE MONARCH PLACE 1500, SPRINGFIELD, MA, 011441500
Website
www.healthnewengland.orgNTEE Category
Code: E310 - Health
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