Overview
What is Network Recovery Services Inc?
Network Recovery Services Inc, located in New York, is a nonprofit organization dedicated to supporting various healthcare entities, such as the New York and Presbyterian Hospital, through patient advocacy and various assessments and services. Their mission encompasses call center services, charity care assessments, eligibility determinations for healthcare coverage including Medicaid, early out services, medical record coding, accounts receivable follow-up, and other revenue cycle-related tasks. The organization's workforce comprises 204 employees. They contribute significantly to the healthcare sector by enhancing the administrative and support functions of related entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
Network Recovery Services Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization has a decent program expense ratio of 84.69%, which suggests that a significant portion of its resources is directed toward its programs. However, the lack of independent board members raises concerns about governance and oversight.
The organization's financial practices are generally sound, as evidenced by a perfect score for its audit and oversight committee and a confirmed absence of asset diversion. Nevertheless, the absence of a website listed on their tax form and the missing tax form on their website are notable deficiencies that could hinder transparency and accessibility for potential donors and stakeholders.
Overall, while Network Recovery Services Inc demonstrates strengths in program expenditure and internal policies, the lack of independent oversight and missing online documentation could impact its credibility and operations. Improvements in board independence and transparency could enhance the organization's rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Network Recovery Services Inc legitimate?
Network Recovery Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Network Recovery Services 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: $702,066
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,596,317
For more financial information, click here
What is the mission statement of Network Recovery Services Inc?
Network Recovery Services Inc is dedicated to supporting various healthcare entities by offering patient advocacy and a range of assessments and services. Their mission encompasses functions that help ensure the smooth operation of these organizations, particularly in the areas of patient care and revenue cycle management. They provide call center services, charity care assessments, determinations of healthcare coverage eligibility, including Medicaid, early out services, medical record coding, and accounts receivable follow-up services. Their primary goal is to contribute to the overall success and financial wellbeing of the healthcare entities they serve.
Who is the CEO of Network Recovery Services Inc?
Unavailable
What is the revenue of Network Recovery Services Inc?
Network Recovery Services Inc's revenue in 2022 was $45,157,648.
Who are the executives of Network Recovery Services Inc and what are their salaries?
The average compensation at Network Recovery Services Inc during 2022 was $55,384. There are 204 employees at Network Recovery Services Inc.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $2,214,819
- Other: $78,240
- Compensation: $0
- Related: $739,004
- Other: $87,735
- Compensation: $0
- Related: $1,140,433
- Other: $100,243
- Compensation: $0
- Related: $288,975
- Other: $63,367
- Compensation: $0
- Related: $761,404
- Other: $52,681
- Compensation: $0
- Related: $729,110
- Other: $89,011
- Compensation: $0
- Related: $254,388
- Other: $23,878
- Compensation: $0
- Related: $361,041
- Other: $91,454
- Compensation: $0
- Related: $558,080
- Other: $85,347
- Compensation: $0
- Related: $181,801
- Other: $34,665
- Compensation: $258,337
- Related: $0
- Other: $57,162
- Compensation: $305,355
- Related: $0
- Other: $81,212
- Compensation: $119,331
- Related: $0
- Other: $40,558
- Compensation: $125,918
- Related: $0
- Other: $32,767
- Compensation: $119,165
- Related: $0
- Other: $47,651
- Compensation: $179,722
- Related: $0
- Other: $57,070
- Compensation: $139,727
- Related: $0
- Other: $57,160
- Compensation: $0
- Related: $912,262
- Other: $452
Where can I find the form 990 for Network Recovery Services Inc?
Network Recovery Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Network Recovery Services Inc
Network Recovery Services Inc is a mission-driven organization dedicated to supporting various healthcare entities by offering patient advocacy and a range of assessment and service solutions. With a focus on enhancing the functionality of related healthcare institutions, Network Recovery Services, Inc. provides invaluable assistance to renowned organizations such as the New York and Presbyterian Hospital.
Network Recovery Services, Inc. plays a crucial role in ensuring the optimal operation of healthcare entities by offering various essential services. Their patient advocacy program empowers patients by providing them with guidance, resources, and support throughout their healthcare journey. Additionally, they run a call center, efficiently managing communications and addressing inquiries from patients and healthcare professionals alike.
Beyond patient advocacy and call center services, Network Recovery Services, Inc. offers comprehensive assessments and determinations of eligibility for healthcare coverage, including Medicaid. This valuable service enables healthcare entities to efficiently process applications and streamline their healthcare coverage processes. Furthermore, Network Recovery Services, Inc. offers early out services, medical record coding, accounts receivable follow-up services, and other revenue cycle-related services, capitalizing on opportunities as they arise. Their extensive portfolio of services ensures that healthcare entities receive the support they need to thrive and better serve their patients.
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Impact
October, 2024
Network Recovery Services Inc significantly impacts the healthcare landscape by providing essential support to various healthcare entities, including major institutions like New York-Presbyterian Hospital. Their multifaceted approach focuses on patient advocacy, ensuring that individuals receive the care they need while navigating complex healthcare systems.
By offering call center services and conducting charity care assessments, Network Recovery Services Inc helps patients understand their options and access available resources. The organization also plays a crucial role in determining eligibility for healthcare coverage, including Medicaid, which is vital for underinsured populations.
In addition to advocacy, Network Recovery Services Inc contributes to operational efficiency through medical record coding and accounts receivable follow-up services. This not only enhances revenue cycle management for healthcare entities but also ensures that patients are billed accurately and fairly. Overall, their work fosters a more accessible and efficient healthcare system in New York, ensuring that patients receive comprehensive support throughout their healthcare journey.
This information is meant to be a general summary of Network Recovery Services 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.
- Program Service Revenue: $44,936,995
- Gross Receipts: $45,157,648
Assets and Liabilities:
- Total Assets: $9,309,938
- Total Liabilities: $9,294,588
- Net Assets: $15,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COLLECTION REVENUE
Revenue
$44,936,995
Organization Details
Founding Year
1993
Phone
(212) 297-4255Main Address
525 E 68TH STREET BOX 156, NEW YORK, NY, 10065
NTEE Category
Code: E80 - Health
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