Overview
What is Healthwell Foundation?
The Healthwell Foundation is a nonprofit organization based in Germantown, Maryland, with a workforce of 197 employees. Their mission is to alleviate financial barriers to care for underinsured patients dealing with chronic or life-altering diseases, including Multiple Myeloma. By providing assistance with deductibles, coinsurance, copayments, and premiums, the Healthwell Foundation has helped over 26,000 eligible Medicare patients access necessary medical treatments. Their ultimate goal is to ensure no patient is denied healthcare due to financial constraints.
Official website here: www.healthwellfoundation.org
Is Healthwell Foundation legitimate?
Healthwell Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Healthwell Foundation 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: $1,451,607
Professional Fundraising Fees: $325,596
Other Salaries and Wages: $10,765,684
For more financial information, click here
Official website here: www.healthwellfoundation.org
What is the mission statement of Healthwell Foundation?
The Healthwell Foundation works to eliminate financial barriers for underinsured patients dealing with chronic or life-altering diseases, ensuring they receive necessary medical treatments. Its vision is to prevent patients, whether adults or children, from forgoing healthcare due to financial constraints. Specifically, the foundation has assisted 26,773 Medicare patients in accessing treatment for multiple myeloma by providing aid for deductibles, coinsurance, copayments, and premiums.
Official website here: www.healthwellfoundation.org
Who is the CEO of Healthwell Foundation?
David L Knowlton is the Board Chair of Healthwell Foundation.
Official website here: www.healthwellfoundation.org
What is the revenue of Healthwell Foundation?
Healthwell Foundation's revenue in 2022 was $683,954,512.
Official website here: www.healthwellfoundation.org
Who are the executives of Healthwell Foundation and what are their salaries?
The average compensation at Healthwell Foundation during 2022 was $62,017. There are 197 employees at Healthwell Foundation.
Here are 17 key members and their salaries:
- Compensation: $39,489
- Related: $0
- Other: $0
- Compensation: $27,894
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $20,560
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $13,359
- Related: $0
- Other: $0
- Compensation: $321,282
- Related: $0
- Other: $48,054
- Compensation: $276,928
- Related: $0
- Other: $25,004
- Compensation: $227,417
- Related: $0
- Other: $40,944
- Compensation: $215,510
- Related: $0
- Other: $50,904
- Compensation: $213,066
- Related: $0
- Other: $32,495
- Compensation: $136,580
- Related: $0
- Other: $47,354
- Compensation: $132,365
- Related: $0
- Other: $38,818
- Compensation: $129,375
- Related: $0
- Other: $35,371
- Compensation: $128,429
- Related: $0
- Other: $33,585
Official website here: www.healthwellfoundation.org
Where can I find the form 990 for Healthwell Foundation?
Healthwell Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.healthwellfoundation.org
Learn more at the official website: www.healthwellfoundation.org
Mission Statement of Healthwell Foundation
The Healthwell Foundation, a renowned nonprofit organization, is dedicated to alleviating financial barriers that prevent underinsured patients with chronic or life-altering diseases from accessing essential medical treatments. With a vision that ensures no patient, be they adult or child, is denied healthcare due to financial constraints, the Foundation provides vital assistance to eligible individuals.
Specifically, the Healthwell Foundation focuses on patients with multiple myeloma, a chronic disease. These patients, who are enrolled in Medicare, receive crucial help from the Foundation in the form of assistance for their deductibles, coinsurance, copayments, and premiums. By providing this vital aid, the Healthwell Foundation enables these patients to access the medical care they desperately need, ultimately improving their chances for successful treatment and recovery. The Foundation's unwavering commitment to making a difference in the lives of those in need is a testament to its compassionate mission.
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Impact
October, 2024
Healthwell Foundation significantly impacts the lives of patients facing chronic or life-altering diseases by reducing financial barriers to necessary medical treatments. In particular, it has provided crucial support to 26,773 Medicare patients undergoing treatment for multiple myeloma, covering essential expenses such as deductibles, coinsurance, copayments, and premiums. By ensuring that eligible patients can afford their medical care, Healthwell Foundation fosters access to health services, allowing individuals to focus on their recovery rather than financial stress. The organization's commitment to supporting underinsured patients is central to its mission, which aims to make healthcare accessible for everyone, regardless of their financial situation.
This information is meant to be a general summary of Healthwell Foundation. 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: $5,851,613
- Program Service Revenue: $2,800
- Gross Receipts: $765,342,005
Assets and Liabilities:
- Total Assets: $538,621,977
- Total Liabilities: $30,879,876
- Net Assets: $507,742,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$2,800
Organization Details
Founding Year
2003
Phone
(240) 632-5305Principal Officer
David L Knowlton
Main Address
20440 CENTURY BOULEVARD 250, GERMANTOWN, MD, 20874
Website
www.healthwellfoundation.orgNTEE Category
Code: E99 - Health
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