Overview
What is Advanced Providers Insurance Risk Retention Group Inc?
Advanced Providers Insurance Risk Retention Group Inc is a specialized organization based in Phoenix, Arizona. Its primary mission is to offer affordable medical malpractice insurance to healthcare professionals who provide home care services to elderly patients. The company, functioning as a risk retention group (RRG), issues liability insurance contracts to its member providers, enabling them to maintain reasonable premium rates and continue serving their geriatric clientele. Currently, the RRG has 22 policies in effect, covering participating physicians, physician assistants, and nurse practitioners. The group's purpose ultimately aims to ensure that geriatric homebound patients receive necessary medical care without exorbitant insurance costs.
Official website here: www.apirrg.com
Is Advanced Providers Insurance Risk Retention Group Inc legitimate?
Advanced Providers Insurance Risk Retention Group Inc is a legitimate nonprofit organization registered as a 501(c)(15) entity. Advanced Providers Insurance Risk Retention Group 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: $0
For more financial information, click here
Official website here: www.apirrg.com
What is the mission statement of Advanced Providers Insurance Risk Retention Group Inc?
Advanced Providers Insurance Risk Retention Group Inc is committed to providing affordable medical malpractice insurance to medical professionals who specialize in geriatric care for homebound patients. As a risk retention group, it issues medical professional liability insurance contracts to its member healthcare providers. The company's mission is to help these providers keep their premium rates low, enabling them to continue serving the elderly homebound patients. By participating in the RRG, these healthcare providers, including physicians, physician assistants, and nurse practitioners, can benefit from reduced premium rates. At present, the company has 22 policies issued, covering these participating healthcare providers.
Official website here: www.apirrg.com
Who is the CEO of Advanced Providers Insurance Risk Retention Group Inc?
Charles Marlin is the President, Treasurer, Dire of Advanced Providers Insurance Risk Retention Group Inc.
Official website here: www.apirrg.com
What is the revenue of Advanced Providers Insurance Risk Retention Group Inc?
Advanced Providers Insurance Risk Retention Group Inc's revenue in 2022 was $113,021.
Official website here: www.apirrg.com
Who are the executives of Advanced Providers Insurance Risk Retention Group Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $5,355
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $1,918
- Related: $0
- Other: $0
Official website here: www.apirrg.com
Where can I find the form 990 for Advanced Providers Insurance Risk Retention Group Inc?
Advanced Providers Insurance Risk Retention Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.apirrg.com
Learn more at the official website: www.apirrg.com
Mission Statement of Advanced Providers Insurance Risk Retention Group Inc
Advanced Providers Insurance Risk Retention Group Inc, a risk retention group (RRG), is dedicated to providing affordable medical malpractice insurance to medical professionals who specialize in geriatric care for homebound patients. Its mission is to issue medical professional liability insurance contracts to its member healthcare providers, primarily physicians, physician assistants, and nurse practitioners. By participating in this RRG, these professionals are able to maintain lower premium rates, which enables them to continue providing essential medical services to elderly homebound patients. This organization plays a crucial role in ensuring that geriatric patients receive the necessary care within the comfort of their own homes, thereby improving their quality of life.
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Impact
October, 2024
Advanced Providers Insurance Risk Retention Group Inc plays a crucial role in enhancing access to medical care for elderly patients who are homebound. By providing affordable medical malpractice insurance specifically designed for healthcare professionals who make house calls, the organization helps ensure that physicians, physician assistants, and nurse practitioners can continue to offer their vital services to this vulnerable population.
With its issuance of 22 policies, the company significantly reduces premium costs for its member policyholders, allowing these healthcare providers to maintain financially sustainable practices. This, in turn, encourages more medical professionals to engage in geriatric care, ultimately improving the quality of healthcare delivery to elderly patients who may otherwise struggle to access necessary medical services. The existence of this insurance not only provides peace of mind to caregivers but also supports a healthier aging population by facilitating continued at-home medical care for those who need it most.
This information is meant to be a general summary of Advanced Providers Insurance Risk Retention Group 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: $21,551
- Program Service Revenue: $91,470
- Gross Receipts: $113,021
Assets and Liabilities:
- Total Assets: $1,626,164
- Total Liabilities: $258,441
- Net Assets: $1,367,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CASUALTY INSURANCE
Revenue
$91,470
Organization Details
Founding Year
2004
Phone
(602) 200-6900Principal Officer
Charles Marlin
Main Address
3101 N CENTRAL AVE 400, PHOENIX, AZ, 85012
Website
www.apirrg.comNTEE Category
Code: Y230 - Mutual benefit
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