Overview
What is New York Labor Healthcare Alliance Inc?
New York Labor Healthcare Alliance Inc is a collaborative coalition of health plans aiming to discover more affordable healthcare solutions. The alliance, spearheaded by Michael Brady, works collectively to negotiate reduced group benefit rates with healthcare providers. This strategic approach aims to provide access to lower-cost networks for alliance member funds, ultimately enabling them to offer more affordable healthcare and prescription drug coverage to their participants. The coalition's mission is to improve healthcare affordability for its members and their participants, thereby contributing to a more accessible healthcare system.
Official website here: www.nylhca.org
Is New York Labor Healthcare Alliance Inc legitimate?
New York Labor Healthcare Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. New York Labor Healthcare Alliance 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: $22,212
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,581
For more financial information, click here
Official website here: www.nylhca.org
What is the mission statement of New York Labor Healthcare Alliance Inc?
The New York Labor Healthcare Alliance Inc is a coalition of health plans with a mission to collaborate and negotiate with healthcare providers, aiming to secure lower group benefit rates. This objective is to ultimately provide affordable healthcare and prescription drug coverages to the participants of its alliance member funds. The alliance's purpose is to explore and implement better healthcare solutions.
Official website here: www.nylhca.org
Who is the CEO of New York Labor Healthcare Alliance Inc?
Michael Brady is the Board Member of New York Labor Healthcare Alliance Inc.
Official website here: www.nylhca.org
What is the revenue of New York Labor Healthcare Alliance Inc?
New York Labor Healthcare Alliance Inc's revenue in 2022 was $353,338.
Official website here: www.nylhca.org
Who are the executives of New York Labor Healthcare Alliance Inc and what are their salaries?
The average compensation at New York Labor Healthcare Alliance Inc during 2022 was $18,896. There are 2 employees at New York Labor Healthcare Alliance Inc.
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Official website here: www.nylhca.org
Where can I find the form 990 for New York Labor Healthcare Alliance Inc?
New York Labor Healthcare Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nylhca.org
Learn more at the official website: www.nylhca.org
Mission Statement of New York Labor Healthcare Alliance Inc
New York Labor Healthcare Alliance, a coalition of health plans, is committed to finding better healthcare solutions. Their mission is to collaborate with healthcare providers and negotiate lower group benefit rates. This strategic approach aims to provide affordable healthcare and prescription drug coverages to the participants of alliance member funds. By working together, the alliance hopes to improve the overall healthcare landscape, making it more accessible and cost-effective for its members. Led by Michael Brady, New York Labor Healthcare Alliance operates as a catalyst for change, striving to address the challenges of rising healthcare costs while ensuring quality care for its constituents.
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Impact
October, 2024
New York Labor Healthcare Alliance Inc significantly influences the healthcare landscape by fostering collaboration among health plans to negotiate better terms with healthcare providers. Its efforts are focused on securing lower group benefit rates, ultimately aimed at providing affordable healthcare and prescription drug coverage for all participant funds. By uniting various health plans, the organization amplifies bargaining power, leading to enhanced access to low-cost network options that benefit both healthcare providers and participants. This coalition approach addresses the pressing need for cost-effective healthcare solutions, improving overall access and affordability for many individuals and families in the region. The leadership, under Michael Brady, emphasizes the importance of innovative strategies to address healthcare costs, ensuring sustainable and accessible healthcare options for their members.
This information is meant to be a general summary of New York Labor Healthcare Alliance 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: $398
- Program Service Revenue: $352,940
- Gross Receipts: $353,338
Assets and Liabilities:
- Total Assets: $466,106
- Total Liabilities: $0
- Net Assets: $466,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE SERVICE
Revenue
$278,760
SEMINARS
Revenue
$59,680
MEMBERSHIP DUES
Revenue
$14,500
Organization Details
Founding Year
1994
Phone
(518) 459-4520Principal Officer
Michael Brady
Main Address
890 THIRD STREET, ALBANY, NY, 12206
Website
www.nylhca.orgNTEE Category
Code: E83 - Health
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